Revolut’s India launch has begun, with thousands of waitlisted users now testing the new app. The British fintech started this controlled beta ahead of a wider public release in India. Revolut confirmed that a few thousand customers already use the platform across the country today. Company access rolls out slowly to a small slice of roughly 450,000 waitlisted people. You can see why this matters, since India hosts one of the largest payment markets. India’s Unified Payments Interface, or UPI, has reshaped how people and businesses move money daily. UPI payments processed 23.2 billion transactions worth about $313.8 billion during May, government data shows.
How Revolut’s India launch reaches its first users
Beta users now reach UPI payments, e-money wallets, and several card options inside the app. Those cards include domestic prepaid cards, multi-currency cards, virtual cards, and disposable cards for spending. The prepaid cards Indian users receive now work for both local and travel spending needs. Revolut plans to add its Lifestyle and RevPoints features before it widens the rollout further. Joint family accounts stay off the menu here, since such products need a banking license. A Revolut spokesperson said the firm runs a controlled onboarding of its waitlist members. The team gathers feedback now to refine core features before a larger audience arrives later. Localized versions live on both the Google Play Store and Apple’s App Store right now. Revolut earlier acquired Arvog Forex in 2022 to strengthen its regulatory base across the country.
Inside the app, licenses, and the digital payments market
The Revolut app India users download offers UPI handles, budgeting tools, and strong security features. Revolut has built its India business since 2021 and secured key licenses from the Reserve Bank. A prepaid payment instrument license lets the firm issue cards and link with UPI today. Paroma Chatterjee leads Revolut’s local operations and shapes the strategy behind this market push. Chatterjee said the company starts “with payments” because family finance offers strong growth room ahead. India’s digital payments market ranks among the most competitive and fastest-growing arenas worldwide today. Revolut wants to serve more than 150 million young, globally minded Indians aged 25 to 45. The company targets 20 million users by 2030 and at least $7 billion in transactions. Consumer interest keeps building, since the app saw nearly 820,000 downloads across India already. More than a third of those downloads happened in 2025 and early 2026, Sensor Tower estimates. Revolut leans on emerging markets for growth, with downloads in Brazil climbing 487% last year. Downloads in Thailand and Vietnam grew 40% and 52% during 2025, Sensor Tower data shows. Such numbers show why India holds a central place in Revolut’s long expansion plan.
Where Revolut’s India launch heads next
Revolut’s India launch still faces tough rivals like Paytm, Google Pay, and PhonePe nationwide. The firm invested over £40 million to meet India’s strict data sovereignty rules first. Revolut says it will open direct signups to every user in the near future. As I see it, Revolut’s India launch tests whether a Western neobank fits local habits. Your choice of payment app now grows wider as this global player enters the field. Revolut’s India launch will shape its global future if the market rewards steady growth.
