Revolut to base 40% of global workforce in India by end-2026

Revolut plans to base roughly 40% of its global workforce in India by the end of 2026, as the UK digital bank grows its global capability centre (GCC) in the country, Reuters has reported.

The company said it will add 1,600 roles in India through 2026, taking its headcount there to 5,500 by the end of that year.

The UK-founded digital banking platform has about 12,000 employees worldwide.

Revolut had previously committed £500m ($669.8m) over five years to its India business and the GCC, with the investment announced in 2025.

The new hires are expected to cover product development, support activities and financial services work, including payment processing and fraud investigations.

India’s GCCs, once largely associated with cost-driven outsourcing, increasingly take on broader responsibilities such as operations, finance and research and development for multinational groups.

Jonathan Beaney, Revolut’s head of talent acquisition, described India as one of the “deepest and most dynamic talent pools in the world”.

“Our India tech hub is central to our global scale… the technical calibre, ambition and excellence we see here ‌make ⁠India a natural long-term home for Revolut,” Beaney said.

Revolut said the GCC expansion is separate from its India business.

India chief executive Paroma Chatterjee told Reuters that around a third of the firm’s processes are now handled from India, including routine transaction monitoring and AI-driven alerting.

“Things made visible using the India tech stack, like video KYC – more intelligence came in from the India GCC to share that knowledge overseas to try ⁠to implement it in other markets to have tighter onboarding,” Chatterjee said.

Founded in 2015, Revolut is valued at $75bn. In India, it is authorised to issue prepaid payment instruments and said it plans to launch its product in the next quarter, according to a company statement.