Revolut is the British fintech company. It intends to launch its services in India in the second half of 2022. Revolut products will be adapted to the needs of the Indian market. It will offer products in three or four stages.

To begin with, it will make available global remittances, and will cater to payments segment. Later, it will launch trading and investment offerings. It will be followed by credit and lending. Lastly, it will convert itself into a full-fledged digital bank. It will be a truly branchless bank.

Revolut’s application has been downloaded by 30,000 people even before its launch. It is going to recruit manpower in India.

Revolut India announched acquisition of international money transfer company Arvog Forex. It will enable Revolut to offer its remittance and forex services to Indian customers.