Revolut is preparing to enter the Indian market next year. The company aims to target high-end consumers in India, the world's most populous country, as part of its expansion strategy.

Revolut first established a presence in India in April 2021. However, it was only earlier this year that the company received an in-principle authorization from the Reserve Bank of India (RBI) to issue prepaid cards and wallets.

Revolut Testing Products Locally

The company has been testing its products with its over 4,000 local employees. Revolut India plans to launch its app, domestic, and multi-currency cards in 2025.

Paroma Chatterjee, Chief Executive of Revolut India, stated: “We’re actually very, very close, we’re literally down to single-digit bugs right now in the system.” She emphasized that India is a key market for the company's expansion.

To support its global expansion, Revolut plans to increase its headcount by approximately 40 percent, reaching 11,500 employees by 2024.