Revolut, the UK-based fintech unicorn, is set to launch a digital payments platform in India through a partnership with India's Payment Rails. The platform will integrate UPI for domestic transactions and Visa for cross-border payments, providing users with a virtual wallet linked to a prepaid card.
Revolut has invested over £40 million in local infrastructure to comply with Indian regulations and aims to onboard 20 million users by 2030. Initially, the company will focus on 350,000 wait-listed users before expanding its reach in the Indian market.
Revolut to Launch Digital Payments Platform in India with UPI and Visa
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