London-based digital finance firm Revolut has announced it will launch its payment platform in India, marking its first entry into one of the world’s largest digital payments markets.
The company planned this move as part of its global expansion, which also involves exploring a U.S. bank purchase and a credit card launch in the UK.
The new service will allow Indian users to make both domestic and international payments through the company’s partnerships with the Unified Payments Interface (UPI) and Visa.
According to Paroma Chatterjee, CEO of Revolut India, the company will offer a prepaid card and a digital wallet.
