Decoding Revolut’s India Playbook

Revolut received its prepaid payment instrument (PPI) licence from the Reserve Bank Of India to offer prepaid cards and prepaid wallets with UPI payments and is set to launch its offerings in October this year

Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut started as a forex payments platform, but later morphed into a fintech super app. In India, the London-based company will venture into the instant international payments and UPI space

The British neobank claims that…