Revolut focuses on linking India to key global mkts

At a time when fintechs are aggressively pursuing co-branded credit card partnerships, the Indian arm of UK-based Revolut has focused heavily on prepaid cards as its primary offering, enabling both domestic payments and forex transactions, with a particular emphasis on key corridors linking India to the US, UK, Singapore, Australia, and other countries.

- AJINKYA KAWALE & SUBRATA PANDA

Revolut India is rolling out prepaid cards on the Visa network, and is planning to add 20 million customers in the next five years in the country. It is targeting $7 billion in value processed from these customers during the same time period, Paroma Chatterjee, chief executive officer (CEO), Revolut India, said.

Previously, the financial services player has partnered with Visa across 39 other countries, with India being the latest addition.