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Home » Fintech growth and opportunity in India
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Fintech growth and opportunity in India

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India, with a long tradition of banking and financial services, has experienced a remarkable transformation in the past decade and has become a global fintech power. The country now has 25 unicorns, 1 decacorn, 37 minicornes, 87 Rotéicorns Fintech Unicorns. The number of fintech start-ups surfed from 2100 in 2021 10,200 In 2025, presenting a dynamic culture of innovation and entrepreneurship favored by innovative founders, progressive regulators and private and public optimistic investors.
In accordance with BCG research, the world’s world income should reach $ 1 TP by 2030. APAC should become the epicenter of FinTech innovation with revenues of $ 600 billion, with NAMR at $ 520 billion Income by 2030, generating 3x income from the best region of the next best region. India is also on adjourney to become a “Fintech nation»And is part of the Top 3 in the number of fintechs and unicorns in the world

In India, Fintech has become a convincing history of growth compared to other technological segments and should increase by 11.1x by 2030. The other Indian and Indian online consumption technologies, on the other side, should Increase respectively 5.8x and 3x respectively. The 11x growth is supported by the Focus as all technological innovations in India have occurred around Fintech ie Upi, BBPS (Bharat Bill Payment Services), AEPS (Adhar compatible payment services), e-snach, e-cyc , DIGI LOCKER, AGREGATOR CENTER, ETC. .

Upi has become a characteristic of the digital transformation of India. UPI total transactions jumped almost 46% for a record of 17,220 CR in 2024, against 11,768 CR the previous year, marking an important step in the adoption of digital payments. The expansion of UPI is now beyond national borders (Nepal, Qatar, Peru and Singapore). This testifies to the global financial imprint of India.

In India, there is a significant increase in Financialization of savings.

• DEMUT counts growth: A substantial increase in the number of DEMUT accounts in India, indicating an increasing participation in retail on the stock market. The number of DEMUT accounts in the form of onactuber 2024 amounts to 17.9 crosses, growth of 54% since January 2023.
• Growth of the common investment fund: AUM of the Indian MF industry went from 10.90 billions of sterling books to November 30, 2014 to 68.08 billions of sterling books on November 30, 2024, which represents an increase of 6 times in 10 years. The total number of folios on November 30, 2024 was 22.08 crore. An increase in folios of the common investment and alms fund, suggesting increased interest in investors for diversified investments.
• Rise of New Age Brokers: New Age brokers such as Groww and Zerodha have acquired a large market share, contributing to increased participation in retail in the stock market.
• Dominance of retail investors: Retail ownership of the actions listed at the NSE has reached a ten -year summit, exceeding the FII and DII property.
• Wealthtech growth: Wealthtech platforms have experienced significant growth in AUM, meeting the growing demand for financial advice and digital investment solutions.
• Alternative investments: Increase in the demand for alternative investments such as the AIF of national investors.
• Innovation in product offers: Evolution of product offers in the wealth space, making complex products accessible to common people.

Essentially, the Indian financial landscape undergoes a transformation, Pushed by increased participation in detail, technological progress and growing demand for diversified investment options.

Opportunity for growth in segment:

1. Digital payments: the largest winner of the FinTech Revolution

• India has experienced a remarkable increase in retail digital transactions, both in terms of volume and value.
• While digital payments are gaining momentum, Indian merchants are increasingly adopting a versatile payment infrastructure to support various transaction methods.
• UPI has become the fastest and most popular payment system, commanding an impressive market share of 80%.

2. Digital lister: the most scalable segment of the Fintech

• Over the past decade, digital loans in India have increased impressive 25 times.
• Innovative platforms with NBFC licenses regularly capture traditional banking market share.
• This growth in digital loans promotes financial inclusion, which facilitates customers of new credits (NTC) to access personal loans, sustainable consumer loans and credit cards.

3. Insurech: stimulation of transformation in the India growth insurance industry

• The insurance sector in India is witnessing a rapid change, driven by insurech innovations.
• Advanced digital platforms allow faster and hassle access to insurance products, process rationalization for insurers and customers.
• This development improves financial inclusion by providing affordable and personalized insurance solutions to the poorly served segments of the population

4. Wealthtech landscape: emerging technology

• The expansion of capital markets has considerably increased the participation of the Indian population in the asset classes which were once considered risky.
• Technology -oriented solutions Transform wealth management space, offering more accessible investment opportunities.
• Platforms now offer innovative options such as property split into real estate, assets based on NFT, investments in unlisted companies, green assets and offshore assets, which is intended for the evolution of preferences of investors.

The Finch Ecosystem of India makes a transformer trip, each segment contributing only to this history of growth. Digital payments have become the backbone of this revolution, which stimulates the convenience and efficiency of transactions. Digital line with its scalability and innovative platforms Aarebridging of credit gaps and promoting financial inclusion. Insurtech reshapes the insurance industry by making protection more accessible, affordable and adapted to various needs. Meanwhile, WealthTech democratizes investment opportunities, align with the aspirations of a new generation of investors. Together, these segments highlight the potential of India as the world leader in FinTech, allowing a inclusive future of financial growth and technology.

Mehekka Oberoi

Fund manager, Fintech IIFL fund.

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