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

Key points

• British fintech Revolut has quietly begun rolling out its services in India as part of a controlled beta program ahead of a broader launch, marking a significant milestone in its years-long effort to enter the country’s fast-growing digital payments market.
• Revolut started taking signups for its India app earlier this year, and some users who joined the waitlist have been gaining access to its services over the past few weeks, TechCrunch has learned.
• The company confirmed the rollout and said a few thousand customers in India are already using the platform.
• The rollout marks a significant milestone in Revolut’s years-long effort to enter India, a major digital payments market where the federal government-backed Unified Payments Interface (UPI) has transformed how consumers and businesses move money.
• UPI accounts for nearly half of global real-time payments transaction volume and processed a record 23.2 billion transactions worth ₹29.9 trillion (around $313.8 billion) in...