Revolut targets India’s costly forex market 📈🇮🇳; Wall St. bets prediction markets are the future 😳💰; The battle for stablecoin dominance, or the largest-ever stables M&A deal in the making 👀🪙
FinTech is Eating the World, 10 October
Hey Everyone,
Good morning & happy Friday! Another incredibly packed FinTech week is about to end… OpenAI going into FinTech, Coinbase kinda becoming a bank, the biggest bank M&A this year, pitch deck breakdown of the AI Voice startup that made speech borderless, and more was covered over the last 5 days alone 🤯 But the good thing is that it’s not over yet, as today we’re looking into Revolut, which now targets India’s costly forex market with digital payments platform (what it’s all about & why it could be huge for the FinTech giant + bonus dives into Revolut inside), Wall Street betting that prediction markets are the future (we’re witnessing a paradigm shift that could be pivotal + more reads inside), and the battle for stablecoin dominance, or the largest-ever stables M&A deal in the making (what it’s all about, who’s fighting for the dominance here and what would it mean for them + bonus list of ultimate stables resources inside). So let’s just jump straight into the underrated stuff 🌶️
Revolut targets India’s costly forex market with digital payment platform 📈🇮🇳
The news 🗞️ British FinTech giant Revolut just announced its entry into India’s digital payments market, marking a significant expansion into one of the world’s fastest-growing FinTech economies.
The London-based company, currently valued at $75 billion, received regulatory approval from the Reserve Bank of India earlier this year and plans to begin serving its 350,000 waitlisted customers before year-end.
Let’s take a look at this, understand why it matters, and what’s next.