Revolut India seeks passport-equivalent identity for smoother cross-border payments

Revolut, a UK-based fintech company, wants to make it easier for people in India to send and receive money across borders.

They think it should be as simple as using a passport.

Right now, sending money to other countries can take a few days, and people often don't know how much they're being charged.

Revolut wants to make this process faster, cheaper, and more transparent.

They're focusing on areas like travel, education, medical tourism, and business.

For example, they want to help Indian students studying abroad pay their fees and living expenses more easily.

Revolut also thinks that countries should work together to make international payments smoother.

They have a big plan to sign up 20 million customers by 2030, with a focus on young people in India.