Get ready, India 🇮🇳 — one of the world's most ambitious fintech apps is almost here.
After years of anticipation, Revolut is on the verge of its full public launch in India. With 350,000+ people already on the waitlist, a bold target of 20 million Indian customers by 2030, and a product built specifically around India's unique financial ecosystem, this is shaping up to be one of the biggest fintech launches the country has ever seen.
Here's a complete breakdown of what Revolut India will offer — features, plans, fees, and what makes it different from anything else on the market.
What Makes Revolut India Different?
Revolut India won't just be a carbon copy of its global product. It's been purpose-built to bridge India's powerful domestic payment infrastructure with world-class international spending tools — all in a single app.
As CEO Paroma Chatterjee put it:
"Today marks a pivotal moment for Revolut and for Indian consumers. We are revealing a new way of doing money. By combining the power of India's domestic payment ecosystem with a world-class international spending product, we are giving our customers unparalleled freedom and control."
No other app in India today seamlessly integrates UPI payments, prepaid cards, and international spending in one place. That's Revolut's core proposition for Indian users.
How It Works: The Basics
Revolut India will operate as a Prepaid Payment Instrument (PPI) wallet, fully compliant with RBI regulations. Here's what that means in practice:
- Funds are held in escrow as per RBI rules — your money is protected
- INR-only wallet (no foreign currency held domestically)
- No cash deposits — digital-first, app-only
- Mandatory KYC for all users
- Personal use only (no business accounts at launch)
Core Features
🏦 Digital Wallet
A full-featured PPI wallet for peer-to-peer transfers, merchant payments, and smart budgeting with Revolut's signature "Pockets" system to organise your money by goal or category.
⚡ UPI Integration
Revolut India will be fully plugged into India's UPI ecosystem — the same rails powering GPay, PhonePe, and Paytm. You'll be able to:
- Instantly send and receive money via QR code, phone number, or contacts
- Set up recurring UPI payments
- Authenticate with biometrics (subject to NPCI limits)
💳 Prepaid Visa Cards
Both virtual and physical Visa cards will be available, supporting:
- Domestic ATM withdrawals and POS payments
- International spending at highly competitive FX rates (no markup on weekdays; 1–2% on weekends)
- Contactless payments and full e-commerce support
Extra Features Worth Knowing
RevPoints — Revolut's loyalty program comes to India. Earn points on every rupee you spend and redeem them for air miles, discounts, and partner rewards. The earn rate scales significantly with higher plans.
Kids & Teens — A standalone app for younger users, available as an add-on from the Plus plan.
Insurance — Cyber fraud cover and travel insurance are bundled into paid plans, offering a layer of protection that most Indian neobanks don't provide.
Fraud Protection — Revolut's global fraud detection technology, honed across 50+ markets, will be active for all Indian users from day one.
The Bigger Picture
Revolut's India ambitions are no secret. The company first established a presence in India in April 2021 with the acquisition of Arvog Forex Private Limited, a licensed forex and cross-border remittance business. That was the foundation. What's coming now is the full product.
With a target of 20 million customers by 2030, Revolut is betting big on India — and it has the global track record to back it up. The company now serves over 50 million customers worldwide across banking, investing, crypto, and insurance.
For Indian consumers, this means genuine competition in a market that has long needed it: a product that treats international spending, UPI, budgeting, and loyalty as parts of one seamless experience rather than four separate apps.