Hello everyone! Ready to explore India’s booming fintech scene and its transformation of financial management? Watch this video to find out how far we have come and what new innovations are shaping India’s financial future.
First, we’ll discuss the rapid rise of fintech startups in India, with over 2,100 new companies in just the last five years! Overall, India boasts more than 10,000 fintech companies, making it one of the top fintech hubs globally. In fact, India ranks second in global fintech adoption, only behind China.
Next, you'll discover India’s dominance in digital payments. Did you know that around 13,100 crore UPI transactions worth ₹199.89 Lakh Crores were recorded in FY 2024! Digital lending is on a swift path as well, expected to hit $350 Billion by 2025. We’ll also see how fintech is thriving across verticals, from Insurtech and neo-banking to digital lending and payment systems.
Finally, the video explores the future of fintech in India. With continued growth and digital adoption, supported by government policies, India could soon become the largest fintech market. Emerging technologies like AI, Machine Learning, and the Internet of Things will bring further disruption.
We’ve only scratched the surface of innovation—stay tuned for more on India’s fintech journey!
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