Standfirst: Revolut will roll out UPI payments and Visa prepaid cards to a 350,000-person waitlist in India this year, with a bold target of 20 million users by 2030. The prize is huge—but so are the economics and network risks on a market dominated by two domestic giants and governed by tightly-drawn rules.
What exactly is launching—and why now
At Mumbai’s Global Fintech Fest (Oct 8–9, 2025), Revolut said its India platform will begin with domestic UPI payments and a Visa-branded prepaid card, then open to the wider public after the initial waitlist cohort.
