British fintech giant Revolut is set to disrupt India’s financial landscape with its official launch in mid-2025. Discover the latest updates, key features, and expert insights on Revolut’s big move.
The $45 billion fintech leader, is on track for its India launch in Q3 2025. As of May 2025, the company has completed internal beta testing with 4,500 employees and is onboarding early access users from its waitlist of over 200,000.
Paroma Chatterjee, CEO of Revolut India:
“We are laser-focused on ensuring every regulatory and technical aspect is perfect. Our early access rollout is helping us fine-tune the experience before the public launch.”
Why Global Fintech Giants Are Targeting India’s Fintech Market
India’s fintech sector is booming, with increasing demand for international financial services. Revolut is targeting the top 10-15% of Indian consumers—globally connected individuals who travel frequently, shop internationally, and use global digital services like Netflix and Apple.
Paroma Chatterjee adds:
“We see immense potential in India’s global consumer segment—people who demand a world-class, digital-first financial experience.”
Key Features
Forex Services with Transparent Pricing
Revolut is set to disrupt India’s forex market by offering ultra-competitive exchange rates and no hidden fees, undercutting traditional banks that charge 3-5% markups.
All-in-One Digital Wallet
- Forex transactions & remittances
- Domestic UPI payments & prepaid cards
- AI-driven security & fast KYC
The onboarding process is now reduced to 8 simple steps, making it one of the quickest in India.
Full Compliance with Indian Regulations
In 2024, in-principle RBI approval was secured to issue Prepaid Payment Instruments (PPI), with the tech stack fully localized to comply with India’s data residency laws.
A Senior RBI Official (anonymous):
“Revolut’s commitment to compliance and data localization is a welcome step for India’s digital payments ecosystem.”
What Makes Revolut Different?
Targeting ‘Global India’
Focusing on a niche but high-value segment of globally mobile Indians, Revolut is customizing its services to fit their unique financial needs.
Most Affordable Forex in India
The core USP lies in making forex services more affordable and transparent—a strategy that has already disrupted markets across Europe.
Expanding Financial Services
Post-launch, Revolut plans to introduce:
- High-yield savings accounts
- Global investment products
- Personal finance management tools
- Crypto trading (pending regulation)
Nikhil Kumar, Co-founder of Setu:
“Revolut’s entry marks a new chapter for India’s fintech space, especially in cross-border payments and digital banking. It’s a challenge to incumbent players.”
Global Expansion: What’s Next?
While preparing for its India debut, They are also expanding into the UAE, with a soft launch expected in early 2026. This reflects its broader ambition to grow in emerging markets with large digital-first populations.
A Game-Changer for India’s Fintech Scene
They are set to revolutionize how affluent Indian consumers manage their money. From affordable forex services to all-in-one digital wallets, global fintech players are well-positioned to challenge traditional banks and existing fintechs.
Paroma Chatterjee concludes:
“We’re here to deliver a truly global financial experience to Indian consumers, with transparency, affordability, and innovation at the core.”
