British fintech Revolut has quietly begun rolling out its providers in India as a part of a managed beta program forward of a broader launch, marking a big milestone in its years-long effort to enter the nation’s fast-growing digital funds market.
Revolut began taking signups for its India app earlier this yr, and a few customers who joined the waitlist have been having access to its providers over the previous few weeks, TechCrunch has realized. The corporate confirmed the rollout and stated just a few thousand clients in India are already utilizing the platform.
The rollout marks a big milestone in Revolut’s years-long effort to enter India, a serious digital funds market the place the federal government-backed Unified Funds Interface (UPI) has remodeled how customers and companies transfer cash. UPI accounts for nearly half of global real-time payments transaction quantity and processed a record 23.2 billion transactions price ₹29.9 trillion (round $313.8 billion) in Could, per Indian authorities information.
A Revolut spokesperson instructed TechCrunch that the corporate is presently “within the managed onboarding of waitlisters” and {that a} beta model of its app, localized for Indian customers, is out there by the Google Play Retailer and Apple’s App Retailer.
“That is being executed as a way to collect suggestions on core product functioning and improve the general buyer expertise and the worth proposition earlier than opening up the platform for a bigger viewers,” the spokesperson stated.
The rollout is presently restricted to a small subset of the corporate’s round 450,000 waitlisted customers.
Customers within the beta program can entry UPI funds, e-money wallets, home pay as you go playing cards, multi-currency playing cards, digital playing cards, and disposable playing cards, the corporate stated. Revolut plans so as to add its Way of life and RevPoints choices earlier than increasing the rollout. Household, or joint, accounts — out there in a few of Revolut’s abroad markets — won’t be supplied in India as a result of such merchandise require a banking license, the corporate stated.
Revolut has been building its India business since 2021 and employed fintech government Paroma Chatterjee to guide its native operations. In 2022, the London-headquartered firm acquired Arvog Foreign exchange to strengthen its regulatory presence within the nation and provide remittance and multi-currency account providers. It later secured a pay as you go cost instrument (PPI) license from the Reserve Financial institution of India, permitting it to challenge pay as you go playing cards, assist digital wallets, and combine with the UPI community.
The corporate instructed TechCrunch that it plans to open the app to direct onboarding of all customers within the “close to future” however declined to offer a particular launch timeline. Chatterjee had beforehand said in a LinkedIn submit that Revolut was focusing on a full product launch in India in Q2.
Revolut is focusing on India’s rising base of digitally savvy customers because it seeks to challenge incumbent banks and fintech firms in one of many world’s best monetary providers markets. The corporate has beforehand stated it goals to serve greater than 150 million “globally aspiring, digitally native” Indians aged between 25 and 45, with a purpose of onboarding about 20 million customers by 2030 and processing at the very least $7 billion in transactions.
Client curiosity in Revolut has been constructing forward of its broader India launch. In response to Sensor Tower estimates shared with TechCrunch, Revolut’s app has been downloaded almost 820,000 occasions in India because it grew to become out there in app shops. Greater than a 3rd of these downloads occurred in 2025 and the primary months of 2026.
Whereas Revolut’s largest markets by app downloads stay in Europe, led by France, the U.Ok., Spain, Italy, and Germany, the corporate has more and more regarded to rising markets for development. Sensor Tower estimates downloads in Thailand and Vietnam grew 40% and 52%, respectively, in 2025, whereas downloads in Brazil surged 487% yr over yr to 1.8 million, highlighting the significance of markets equivalent to India to its long-term growth technique.
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