Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

The Fintech Avril Startup Secures 38 Million Dollar Series B Funding for AI Tax Growth

July 27, 2025

How Firex21 Capital Transforms the Global Investment Landscape with Astratoan

July 27, 2025

Eurasian Frontier Financial Capital introduces the AI-driven OPTIFIE tool at the San Jose 2025 AI event.

July 27, 2025

Nicaragua enhances its Fintech ecosystem through an updated regulatory framework.

July 27, 2025
Facebook X (Twitter) Instagram
Trending
  • The Fintech Avril Startup Secures 38 Million Dollar Series B Funding for AI Tax Growth
  • How Firex21 Capital Transforms the Global Investment Landscape with Astratoan
  • Eurasian Frontier Financial Capital introduces the AI-driven OPTIFIE tool at the San Jose 2025 AI event.
  • Nicaragua enhances its Fintech ecosystem through an updated regulatory framework.
  • Kakaopay Stock Halted Amid Concerns Over Stablecoins
  • Indian startups attract $211 million, driven by investments in AI, fintech, and deep tech.
  • The Rise of Ethereum: Prospects and Obstacles for Fintech Startups
  • JPMorgan’s new fintech fees are provoking a response from the industry.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    The Journey of Sofi: Transitioning from Student Loans to Fintech Dominance

    July 25, 2025

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025

    Alona Shevtsova emphasizes the importance of connection at the recent London Fintech Club event – London Business News

    July 15, 2025

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025
  • AI

    How Firex21 Capital Transforms the Global Investment Landscape with Astratoan

    July 27, 2025

    Eurasian Frontier Financial Capital introduces the AI-driven OPTIFIE tool at the San Jose 2025 AI event.

    July 27, 2025

    Pharmaceutical Payers and Suppliers Embracing AI Technology

    July 25, 2025

    Rephrase the title for the Client challenge.

    July 25, 2025

    How Generative Tools Transform Marketing and Investor Engagement in Fintech

    July 25, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    European fintech company Tractial boosts its Bitcoin holdings to 25.03 BTC, highlighting trends in institutional cryptocurrency adoption.

    July 24, 2025

    Impacts of Q2 2025 Success for QCR Holdings Compared to Revenue Shortfall: A Disconnect in the Fintech Sector

    July 24, 2025

    Trends in Fintech and Key Safety Considerations

    July 22, 2025

    Market size, share, trends, and business profiles in the Fintech industry

    July 10, 2025

    Overview of the FINCH 2025 Market and Participant Profiles

    July 5, 2025
  • Insights

    Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

    July 23, 2025

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025
  • Rumors

    Kakaopay Stock Halted Amid Concerns Over Stablecoins

    July 26, 2025

    JPMorgan’s new fintech fees are provoking a response from the industry.

    July 26, 2025

    Bitcoin Surged 2.00% in 24 Hours Amid Trump’s Cryptographic Market Rumors

    July 26, 2025

    A rapidly expanding fintech amid high valuations and future profits

    July 25, 2025

    Fast Track Group refutes $37 million in direct supply allegations and responds to market speculation.

    July 21, 2025
  • Startups

    The Fintech Avril Startup Secures 38 Million Dollar Series B Funding for AI Tax Growth

    July 27, 2025

    Indian startups attract $211 million, driven by investments in AI, fintech, and deep tech.

    July 26, 2025

    The Rise of Ethereum: Prospects and Obstacles for Fintech Startups

    July 26, 2025

    The initial employee at Stripe who founded Fintech Increase has acquired a bank.

    July 26, 2025

    A collaboration between Reit and White-Babel software to speed up transactions.

    July 25, 2025
  • finjobsly
fintechbits
Home » Digital payment trends and innovative startups are driving the market
Industry Trends

Digital payment trends and innovative startups are driving the market

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Eafbb43e48b4074b4d70c8abf0266240.png
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link
Company logoCompany logo

Company logo

Indian FinTech Market

Indian FinTech MarketIndian FinTech Market

Indian FinTech Market

Dublin, February 15, 2024 (GLOBE NEWSWIRE) — The “Indian Fintech Market Competition, Forecast and Opportunities, 2028” the report has been added to ResearchAndMarkets.com’s offer.

The Indian FinTech market is expected to continue its significant growth trajectory, supported by the widespread trend towards online payment methods and the rise of digital transaction platforms. Government initiatives to foster the FinTech ecosystem, along with the emerging wave of FinTech startups, are the key factors envisioned to propel the expansion of the Indian FinTech sector through 2028, reaching a projected size of USD 143 billion at a CAGR of 17.1%.

The use of technology to enhance and streamline financial service offerings is the foundation of FinTech companies. Specialized software and algorithms across various platforms are contributing to this technological financial revolution. Market segments include PayTech, InsurTech, LendTech, and WealthTech, each addressing a different facet of financial technology, from payments to insurance, lending, and wealth management. Within these segments, PayTech, in particular, is seeing increased demand following the country’s shift towards online payments post-demonetization, highlighting a crucial shift towards digital transactions.

Growth of Indian fintech market is supported by significant smartphone and internet penetration

The rise in smartphone usage and internet penetration is paving the way for accelerated growth in the fintech market. India’s National Investment Promotion and Facilitation Agency has identified that India boasts the second-largest smartphone users in the world and is expected to become the second-largest internet user market by 2026. The sharp increase in the number of households connected to the internet further underlines the huge potential of the market. Innovations like Bharat QR, introduced by the National Payments Corporation of India (NPCI), are helping to move the country towards a cashless economy. The interoperability of Bharat QR is part of the country’s grand vision to adopt innovative and secure financial solutions.

Increase in online payments and government initiatives are boosting the market

The impressive growth of the Indian FinTech market is closely linked to the rise in online payments. NPCI data reveals that an impressive number of transactions were facilitated through UPI in the last one year, reflecting the deep penetration of digital payments in the country following government measures such as demonetisation. Government schemes such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) are helping to expand financial inclusion, fostering an enabling environment for FinTech companies to innovate technologically and cater to India’s vast consumer base.

Market Trends: Startup Ecosystem and Emergence of the “Unicorn” in Indian FinTech

The FinTech startup landscape in India is booming, with a considerable number of companies achieving ‘unicorn status’. Government initiatives such as ‘Startup India’ are incubating entrepreneurial ventures, contributing significantly to the country’s economic dynamism and job market.

  • PayTech

  • AssurTech

  • Technology Loans

  • Technology of wealth

Market Challenges and Opportunities in Indian FinTech Landscape

Despite promising growth, challenges such as data security, user experience, regulatory frameworks, and integration with existing banking systems pose hurdles for the FinTech sector. However, the expanding middle class and untapped markets in Tier II and III cities offer substantial opportunities for market players.

Regional Market Information and Key Market Players

The Indian FinTech market analysis encompasses different regional markets including North, South, East, and West of the country. The report offers an in-depth insight into the key players in the market, setting the benchmark for excellence and innovation in the FinTech space. In conclusion, as the Indian FinTech market strives to reach unprecedented heights by 2028, it is poised to transform the financial services landscape in India, backed by technological advancements, surging investments, and government support, ensuring a more inclusive financial future.

Key Attributes

Report attribute

Details

Number of pages

72

Forecast period

2022-2028

Estimated Market Value (USD) in 2022

$55 billion

Projected Market Value (USD) by 2028

$143 billion

Compound annual growth rate

17.1%

Regions covered

India

A selection of companies mentioned in this report includes:

  • One97 Communications Limited (Paytm)

  • Lendingkart Technologies Private Limited

  • PhonePe Private Limited

  • Google India Private Limited (Google Pay)

  • Razorpay Software Private Limited

  • Pine Labs Private Limited

  • Policybazaar Private Insurance Brokers

  • Zerodha Brokerage Ltd

  • InCred Financial Services Limited

  • A MobiKwik Systems Limited (MobiKwik)

For more information about this report, visit https://www.researchandmarkets.com/r/jt7vwr

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for market research reports and international market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

European fintech company Tractial boosts its Bitcoin holdings to 25.03 BTC, highlighting trends in institutional cryptocurrency adoption.

July 24, 2025

Impacts of Q2 2025 Success for QCR Holdings Compared to Revenue Shortfall: A Disconnect in the Fintech Sector

July 24, 2025

Trends in Fintech and Key Safety Considerations

July 22, 2025
Leave A Reply Cancel Reply

Latest news

The Fintech Avril Startup Secures 38 Million Dollar Series B Funding for AI Tax Growth

July 27, 2025

How Firex21 Capital Transforms the Global Investment Landscape with Astratoan

July 27, 2025

Eurasian Frontier Financial Capital introduces the AI-driven OPTIFIE tool at the San Jose 2025 AI event.

July 27, 2025
News
  • AI in Finance (1,401)
  • Breaking News (159)
  • Corporate Acquisitions (65)
  • Industry Trends (181)
  • Jobs Market News (296)
  • Market Insights (192)
  • Market Rumors (257)
  • Regulatory Updates (154)
  • Startup News (940)
  • Technology Innovations (156)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,401)
  • Breaking News (159)
  • Corporate Acquisitions (65)
  • Industry Trends (181)
  • Jobs Market News (296)
  • Market Insights (192)
  • Market Rumors (257)
  • Regulatory Updates (154)
  • Startup News (940)
  • Technology Innovations (156)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.