British fintech Revolut is launching in India to tackle the underserved cross-border payments market. Revolut aims to compete with traditional banks and fintech players by offering a prepaid wallet with UPI support, domestic and international Visa cards, and dedicated kids and teens accounts. The company has invested $45 million in India and plans to onboard 20 million users by 2030, processing $7 billion in transactions. Revolut has already secured regulatory approvals, including a PPI license, and acquired Arvog Forex to offer remittance and multi-currency account services. They will focus on full-KYC wallets to attract high-intent customers, measuring success through user engagement and profitability.