Summary
British neobank Revolut has announced a massive investment of ₹5,900 crore (USD 669 million) in India over the next five years as part of its global expansion strategy. The fintech giant plans to use the funds to strengthen its technology infrastructure, expand product offerings, and grow its local workforce. Revolut, which already holds AD-II forex and PPI licenses in India, aims to roll out a full suite of digital banking, credit, and investment services while targeting 20 million Indian users by 2030. The investment will also help Revolut scale its Global Capability Centres (GCCs), contributing to India’s fast-evolving fintech ecosystem. With this move, Revolut joins global fintech players betting big on India’s booming digital payments and neobanking market, even as it faces stiff competition from Paytm, PhonePe, and Google Pay.
In a major vote of confidence in India’s fintech landscape, British digital banking firm Revolut has pledged to commit approximately ₹5,900 crore over the next five years to deepen its presence in the Indian market. The move signals the company’s ambition to transition from a payments disruptor to a full-scale financial services player in one of its priority markets.
A bold bet on India
According to Revolut’s group chief banking officer, Siddhartha Jajodia, the investment—equivalent to about USD 669 million—will support the expansion of its product stack, enhance its technology infrastructure, and help obtain further regulatory permissions in India.
Jajodia remarked, “India is a critical
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