Revolut India: What’s launching, what’s missing, and a business-grade alternative
TL;DR
- Revolut is gearing up for its Indian launch, with a waitlist open for early access. The initial rollout will target 350,000 users, with plans to reach 20 million by 2030, focusing on UPI and Visa integration.
- While Revolut has secured RBI's PPI authorization for prepaid cards and wallets with UPI support, the availability and scope of business-specific features at launch remain unclear.
- For Indian businesses receiving international payments, compliance requirements like FIRA/eBRC and purpose-code mapping are crucial. Platforms like Skydo are purpose-built to cater to these needs, offering a more comprehensive solution for exporters and freelancers.
What is Revolut?
Revolut India is a global financial technology company that offers a range of digital banking services to over 65 million personal users and 500,000 business users worldwide. Through its mobile app, Revolut provides multi-currency accounts, debit cards, foreign exchange, and other financial services.
The company prioritizes security, utilizing end-to-end encryption and partnering with regulated banks to store user funds.
Revolut in India: what’s confirmed—and what to realistically expect
Revolut has opened a waitlist for interested users, but the initial rollout is expected to be limited to a select group, with mass availability pending further developments.
Here are some key points to consider:
- Regulatory approval: Revolut has obtained a Prepaid Payment Instrument (PPI) license from the Reserve Bank of India (RBI), enabling the company to offer domestic digital wallet and prepaid experiences, as well as facilitate transactions through the Unified Payments Interface (UPI).
- Partnership with Visa: Revolut has partnered with Visa, suggesting it may issue cards in India.
- Initial focus on consumer experience: Based on official communications and media briefings, Revolut's initial focus in India is on delivering a consumer-centric experience, including UPI-based wallet services, prepaid cards, and subscription management and budgeting tools.
- Services not yet announced for India: Revolut has not yet announced the availability of business accounts, inbound international receiving capabilities for Indian entities, or export-related documentation flows (like FIRA/eBRC) in India. These offerings may be introduced at a later stage.
- India-specific pricing: Pricing for Revolut's services in India has not yet been disclosed. Prospective users should check the app for pricing details (Revolut UK pricing) once the services are officially launched.
Limitations & watch-outs for Indian users
When considering Revolut's upcoming launch in India, there are several limitations and watch-outs that users should be aware of:
- Limited availability: As of October 2025, Revolut's services are not yet widely available in India. Access is currently routed through a waitlist, and the initial rollout is expected to be limited to a select group of users.
- Consumer-centric focus: Revolut's launch narrative in India is consumer-centric, with an emphasis on UPI integration, Visa partnerships, and features like subscription management. The availability and scope of business-oriented services at launch remain unconfirmed.
- Uncertainty around cross-border services for businesses: Indian exporters and freelancers typically require Foreign Inward Remittance Advice (FIRA) and e-BRC (Electronic Bank Realisation Certificate) documentation, as well as purpose-code compliant flows for receiving international payments. Revolut has not publicly confirmed whether these features will be available for Indian businesses at launch.
- Potential fees and FX markups: External comparisons have noted that Revolut may apply higher markups or fees than some mid-market providers. However, the exact pricing structure for Revolut's services in India has not yet been determined, and users should verify costs directly in the app once it launches.
If you receive business payments from abroad
If you are an Indian business, freelancer, agency, or SaaS company receiving payments from international clients, it's important to note that Revolut's services are not yet widely available in India.
Moreover, the company's current communication primarily focuses on a consumer-oriented payments launch, which includes UPI integration and card services.
As an exporter, you have specific requirements to ensure compliance and smooth operations. These include purpose-code mapping, Foreign Inward Remittance Advice (FIRA), Electronic Bank Realisation Certificate (eBRC), predictable settlement, and transparent foreign exchange rates. At present, there is no clear indication that Revolut's Indian offering will cater to these business-specific needs at launch.
This is where Skydo emerges as a compelling alternative, tailored specifically for Indian exporters.
A business-grade alternative for exporters & freelancers: Skydo
Skydo is a purpose-built platform designed specifically for Indian freelancers, agencies, SaaS providers, and SMBs receiving international client payments.
With Skydo, you can:
- Receive payments to global accounts in USD, EUR, and GBP
- Share convenient payment links with US clients for card and ACH payments
- Access live mid-market FX rates with transparent, flat fees
- Enjoy seamless compliance with automated purpose-code mapping, instant FIRA, and eBRC generation
- Access purpose-built workflows for Amazon Global Sellers, including seamless Amazon settlements across 10+ markets
- Automate invoice generation and payment tracking with powerful APIs and integrations, including QuickBooks, Xero, and Zoho Books
- Collect payments via 100+ local payment methods through Skydo Collect and Instalinks, our customizable checkout pages
Skydo prioritizes compliance, efficiency, and transparency, enabling your business to streamline international payment workflows and focus on growth.
If you're an Indian exporter seeking a comprehensive solution for managing client payments, Skydo offers the tools and features you need to succeed.
Quick comparison: Skydo vs. Revolut India
Here's a quick comparison table between Skydo and Revolut India at launch:
| Use case | Revolut India (launch) | Skydo (today) |
| Target audience | Primarily consumers | Indian freelancers, agencies, SaaS providers, and SMBs receiving international client payments |
| Global receiving | Not confirmed for businesses at launch | USD, EUR, and GBP accounts for receiving international payments |
| Foreign exchange rates | Exact pricing and FX markup not yet disclosed | Live mid-market FX rates with transparent, flat fees |
| Compliance for exporters | FIRA and eBRC generation not confirmed at launch | instant and free FIRA with every transaction and automated eBRC for Amazon global sellers |
| Availability | Waitlist access, with limited initial rollout | Available for all Indian exporters |
How to join the Revolut India waitlist
To join the Revolut India waitlist:
- Visit the official waitlist page at https://www.revolut.com/en-IN/ and click on “Join Waitlist”
- You will be asked to provide your email address and phone number
- Once you've signed up, you'll receive a confirmation email and periodic updates about the launch
As the rollout begins, waitlisted users will be invited to access the app in phases, with priority given to early registrants
How to Get Started with Skydo
Getting started with Skydo takes just a few minutes:
- Create your account: Head to skydo.com and sign up using your business or freelance email. Complete your KYC details so we can verify your account instantly.
- Set up your receiving account: Once verified, you’ll get virtual bank accounts in USD, EUR, or GBP, just like having a local account abroad. Share these account details with your international clients to receive payments directly.
- Send payment links (for US clients): If your client prefers paying by card or ACH, generate a Skydo payment link and share it. It’s fast, secure, and saves both sides the hassle of manual transfers.
- Receive payments seamlessly: Once your client pays, Skydo automatically converts the funds to INR at live forex rates and deposits them in your Indian bank account — along with instant FIRA generation for compliance.
That’s it — your international payment setup is ready. Join thousands of Indian businesses using Skydo to get paid globally, faster, and without hidden fees.
Is Revolut available in India?
Revolut is not yet widely available in India. It is currently rolling out via a waitlist, having secured RBI PPI authorisation for prepaid cards/wallets with UPI integration.
Does Revolut support UPI in India?
Is Revolut Business live in India?
Can I receive international business payments to India via Revolut and get FIRA/eBRC?
