Revolut plans to base about 40 per cent of its global workforce in India by the end of 2026, as the FinTech expands its global capability centre in the country.

According to Reuters, the company will add around 1,600 roles in India over the next two years, taking its total headcount there to roughly 5,500, out of a global workforce of 12,000. The new positions will cover product development, customer support and financial services functions including payments processing and fraud investigations.

The expansion follows a £500 million investment commitment made in 2025 to support its India operations and capability centre over five years. The company said the hiring drive reflects a broader shift in how multinational firms use India-based hubs, which now handle research, finance and core operational processes rather than purely back-office work.

Jonathan Beaney, head of talent acquisition at Revolut, said India’s workforce was central to the company’s global strategy. “Our India tech hub is central to our global scale,” he said, adding that the country’s “technical calibre, ambition and excellence” made it a long-term base for the firm.

Reuters reported that the capability centre expansion is separate from Revolut’s consumer business in India, where the company is preparing to launch its product offering next quarter. The firm has secured authorisation to issue prepaid payment instruments, marking a key step in entering one of the world’s fastest-growing digital payments markets.

Paroma Chatterjee, chief executive of Revolut India, told Reuters that the country already plays a significant operational role, with about one-third of the company’s global processes run from India. These include transaction monitoring and artificial intelligence-driven alert systems used across its platform.

Chatterjee added that innovations developed in India are being deployed internationally. “Things made visible using the India tech stack, like video KYC, have been shared overseas to implement tighter onboarding,” she said.

The news comes after the company secured a full UK banking licence from the Prudential Regulation Authority, allowing it to operate as a fully authorised bank in its home market after a four-year process. The approval enables the company to offer retail and business accounts with deposits protected by the Financial Services Compensation Scheme.

Nik Storonsky, co-founder and chief executive, said “launching our UK bank has been a long-term strategic priority” and described the move as “vital” to its ambition to build a global bank. Francesca Carlesi, UK chief executive, said the licence “lays the foundation for our next chapter”, including expansion into products such as credit.

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