By Haripriya Suresh

(Reuters) - European fintech firm Revolut plans to have around 40% of its global workforce based in ‌India by the end of 2026 as it expands its India ‌global capability centre.

The company, which in 2025 committed 500 million pounds ($669.8 million) to its India ​business and GCC over five years, said it will fill 1,600 roles in its India centre through 2026, taking its headcount in the country to 5,500 by year-end.

The new positions will span product development, support functions and financial ‌services functions such as ⁠payment processing and fraud investigations.

Revolut currently employs 12,000 people globally.

FILE PHOTO: Illustration shows Revolut logo

Global capability centers in India, once seen as low-cost outsourcing ⁠hubs, now handle operations, finance, research and development for their parent corporations.

Jonathan Beaney, Revolut's head of talent acquisition, called India one of the "deepest and most dynamic ​talent pools ​in the world".

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

The GCC expansion is, however, separate from Revolut's India business.

India CEO Paroma Chatterjee told Reuters that about a third of Revolut's processes are now run from India, including work on ‌routine transaction monitoring and AI-based alerts.

"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.

Revolut, founded in 2015, is one of Europe's leading fintech companies with a $75 billion valuation.

In India, the company is ​authorised to issue prepaid ‌payment instruments and aims to launch its product next quarter, ​the company said in a statement.

($1 = 0.7465 pounds)

(Reporting by Haripriya Suresh ​in Bengaluru; Editing by Sumana Nandy)

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