The UK-based fintech established a presence in India in 2021 but didn鈥檛 get in-principle authorization from the Reserve Bank of India (RBI) to issue prepaid cards and digital wallets until this year. With the authorization, it will launch its app alongside domestic and multi-currency cards in 2025. The bigger picture: Revolut is rapidly growing its mix of products and services.
Bank customers with an eligible credit or debit card, per a press release. U.S. Bank is offering promotions to incentivize adoption. Cardholders are automatically signed up and can activate Paze in the U.S. Bank app or website or by checking out on a participating retailer鈥檚 website. Paze will soon be available to Chase cardholders as well.