Revolut seeks to challenge Indian banks over their allegedly ‘criminal’ foreign exchange fees.
British fintech firm Revolut, now entering the Indian market, points out that cross-border payments are still an under-addressed area in India’s financial services. They estimate that Indians spend approximately $30 billion annually overseas, incurring roughly $600 million in bank fees — charges the India head deems “criminal.” “It has been the domain of banks,” Revolut…
