Fintech & Digital PaymentsAnalysis
MARKET SIGNAL:
Revolut Tests India Beta as UPI Scale Sets Fintech Adoption Bar
Revolut has begun controlled onboarding for its India app before a wider launch.
UPI processed 23.2 billion transactions worth ₹29.9 trillion in May, while Revolut says only a small subset of about 450,000 waitlisted users is in the beta.
The next signal is whether Revolut moves from waitlisted beta users to broader onboarding without a firm launch date.