Revolut - NewNerve

British fintech company Revolut is set to launch its services in India in 2025, marking a significant expansion into one of the world's largest and fastest-growing markets. This announcement comes after a series of regulatory hurdles that the company faced since establishing its presence in India in 2021. Regulatory Milestones Revolut has recently secured in-principle approval from the Reserve Bank of India (RBI) to issue prepaid cards and wallets, a crucial step for its operational launch. This approval allows Revolut to move forward with its plans to provide a suite of financial services tailored to Indian consumers. Paroma Chatterjee, CEO of Revolut India, noted that the company is "very, very close" to launching, with only minor technical issues remaining to be resolved. Targeting A...

In a significant development, Revolut India has secured an in-principle approval from the Reserve Bank of India (RBI) for issuing Prepaid Payment Instruments (PPI). This includes both prepaid cards and prepaid wallets, positioning Revolut as a formidable player in the domestic payments market. Revolut India: Empowering Indian Consumers With this approval, Revolut India gains the ability to operate as a domestic player in the payments ecosystem. But what does this mean for Indian consumers? Let’s delve into the details: International and Domestic Solutions: Revolut India can now offer Indian consumers a comprehensive suite of payment solutions—both international and domestic—all within a single platform. Whether you’re making cross-border transactions or handling loca...

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Revolut Gears Up for Major Expansion into India’s Fintech Market

Revolut India: Unlocking New Payment Horizons with RBI’s PPI License