British fintech giant Revolut has quietly begun rolling out its services in India as part of a controlled beta program. The company is set to gather feedback and refine the customer experience before opening up to a broader audience.

The launch comes at a time when India’s digital payments market is booming, with UPI transactions reaching unprecedented levels. Revolut plans to add more features beyond the current offerings of UPI payments, e-money wallets, and prepaid cards, before expanding its footprint in the country.

India represents a significant opportunity for Revolut, as it aims to serve over 150 million digitally savvy Indians within the next decade. The company has been building up its operations since 2021 by acquiring local firms and securing necessary licenses from regulatory bodies such as the Reserve Bank of India.

Consumer interest in Revolut’s services is growing, with Sensor Tower reporting nearly 820,000 app downloads in India since it became available in app stores. This marks a significant step for Revolut on its path to becoming a major player in one of the world's most competitive financial markets.