UK-Based Revolut Gets RBI Licence To Issue Prepaid Cards & Wallets

UK-based fintech company Revolut has received a license from the Reserve Bank of India (RBI) to issue prepaid cards and wallets in India. This license will enable Revolut to offer its range of financial services to Indian consumers. Revolut's entry into the Indian market is expected to increase competition in the digital payments and financial services sector. The RBI's approval signifies India's open approach to international fintech players.