Revolut will launch its payments platform in India later this year, targeting 20 million customers in the country by 2030, Finextra reports.

Revolut will soon start letting the 350,000 people on its Indian waitlist make domestic and international payments via Visa and the country's Unified Payments Interface.

The long-trailed launch comes after Ewvolut secured a prepaid payments instrument license from the Reserve Bank of India.

Revolut spent over £40 million to ensure that it meets data storage rules India introduced in 2018 that require all payment system providers to ensure that full end-to-end transaction details are stored in systems only in the country.

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