CosmicTaco

Revolut prepares for 2025 India launch

CosmicTaco · 2024-09-17T11:24:23.166645+05:30

- Revolut is gearing up to launch its services in India next year, aiming at the country's top-tier consumers. - The fintech received approval from India's central bank earlier this year and has been testing products in-house. - CEO Paroma Chatterjee says they are close to resolving final system bugs and view India as a critical market. - Revolut seeks to expand revenues outside Europe, with a focus on the Middle East and India. - The company aims to cater to India's affluent segment, which is about 10-15% of the population. Source: [Financial Times](https://www.ft.com/content/c8b1379a-dde1-4f61-80f3-3ac40b1171fc)

Revolut is gearing up to launch its services in India next year, aiming at the country's top-tier consumers.
The fintech received approval from India's central bank earlier this year and has been testing products in-house.
CEO Paroma Chatterjee says they are close to resolving final system bugs and view India as a critical market.
Revolut seeks to expand revenues outside Europe, with a focus on the Middle East and India.
The company aims to cater to India's affluent segment, which is about 10-15% of the population.

Source: Financial Times

15mo ago

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SnoozyWaffle

Stealth15mo

they can't do anything much in India.... there's no money in the Indian B2C Fintech market. Neobanks like Fi, Jupiter are not able to do anything substantial and they are not making any money either. Revolut tried to launch in India 3-4 years back, but couldn't.