Revolut rolls out services to thousands of users in India ahead of broader launch

British fintech Revolut has softly begun rolling retired its services successful India arsenic portion of a controlled beta programme up of a broader launch, marking a important milestone successful its years-long effort to participate the country’s fast-growing integer payments market.

Revolut started taking signups for its India app earlier this year, and immoderate users who joined the waitlist person been gaining entree to its services implicit the past fewer weeks, TechCrunch has learned. The institution confirmed the rollout and said a fewer 1000 customers successful India are already utilizing the platform.

The rollout marks a important milestone successful Revolut’s years-long effort to participate India, a large integer payments marketplace wherever the national government-backed Unified Payments Interface (UPI) has transformed however consumers and businesses determination money. UPI accounts for nearly fractional of planetary real-time payments transaction measurement and processed a grounds 23.2 cardinal transactions worthy ₹29.9 trillion (around $313.8 billion) successful May, per Indian authorities data.

A Revolut spokesperson told TechCrunch that the institution is presently “in the controlled onboarding of waitlisters” and that a beta mentation of its app, localized for Indian users, is disposable done the Google Play Store and Apple’s App Store.

“This is being done successful bid to stitchery feedback connected halfway merchandise functioning and heighten the wide lawsuit acquisition and the worth proposition earlier opening up the level for a larger audience,” the spokesperson said.

The rollout is presently constricted to a tiny subset of the company’s astir 450,000 waitlisted users.

Users successful the beta programme tin entree UPI payments, e-money wallets, home prepaid cards, multi-currency cards, virtual cards, and disposable cards, the institution said. Revolut plans to adhd its Lifestyle and RevPoints offerings earlier expanding the rollout. Family, oregon joint, accounts — disposable successful immoderate of Revolut’s overseas markets — volition not beryllium offered successful India due to the fact that specified products necessitate a banking license, the institution said.

Revolut has been building its India concern since 2021 and hired fintech enforcement Paroma Chatterjee to pb its section operations. In 2022, the London-headquartered institution acquired Arvog Forex to fortify its regulatory beingness successful the state and connection remittance and multi-currency relationship services. It aboriginal secured a prepaid outgo instrumentality (PPI) licence from the Reserve Bank of India, allowing it to contented prepaid cards, enactment integer wallets, and integrate with the UPI network.

The institution told TechCrunch that it plans to unfastened the app to nonstop onboarding of each users successful the “near future” but declined to supply a circumstantial motorboat timeline. Chatterjee had antecedently said successful a LinkedIn station that Revolut was targeting a afloat merchandise motorboat successful India successful Q2.

Revolut is targeting India’s increasing basal of digitally savvy consumers arsenic it seeks to challenge incumbent banks and fintech firms successful 1 of the world’s astir competitory fiscal services markets. The institution has antecedently said it aims to service much than 150 cardinal “globally aspiring, digitally native” Indians aged betwixt 25 and 45, with a extremity of onboarding astir 20 cardinal users by 2030 and processing astatine slightest $7 cardinal successful transactions.

Consumer involvement successful Revolut has been gathering up of its broader India launch. According to Sensor Tower estimates shared with TechCrunch, Revolut’s app has been downloaded astir 820,000 times successful India since it became disposable successful app stores. More than a 3rd of those downloads occurred successful 2025 and the archetypal months of 2026.

While Revolut’s largest markets by app downloads stay successful Europe, led by France, the UK, Spain, Italy, and Germany, the institution has progressively looked to emerging markets for growth. Sensor Tower estimates downloads successful Thailand and Vietnam grew 40% and 52%, respectively, successful 2025, portion downloads successful Brazil surged 487% twelvemonth implicit twelvemonth to 1.8 million, highlighting the value of markets specified arsenic India to its semipermanent enlargement strategy.