Fintech Today: How Far Have We Come

India's fintech industry is experiencing explosive growth, with over 2,100 companies emerging in the last 5 years. The market, valued at $584 Billion, is projected to reach $1.5 Trillion by 2025! India ranks second globally in fintech adoption and digital payment transactions. Homegrown startups, including 21 unicorns valued at more than $70 Billion, are disrupting sectors like lending, wealth management, Insurtech, and neo-banking. Emerging technologies like Gen-AI, Machine Learning and IoT are set to further revolutionize the fintech space.

Key Takeaways

Cutting-edge trends include contactless payments and AI-powered investment platforms

India ranks second globally in Fintech adoption with over 2,100 startups in 5 years

Over 70% of Indians use digital payments, with a thriving digital lending market

India boasts over 21 Fintech unicorns valued at over $70 Billion

Fintech is disrupting all aspects of finance - lending, wealth management, Insurtech

By 2025, India's Fintech market is expected to reach a staggering $1.5 Trillion

Emerging technologies like AI, ML, and IoT will further shape the Fintech landscape

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All

India's fintech industry is booming, with over 2,100 companies emerging in the last 5 years. The market is valued at over $584 Billion and is projected to reach $1.5 Trillion by 2025.

India ranks second globally in fintech adoption, with an 87% adoption rate among consumers, just behind China.

In 2022, India recorded a staggering 131 Billion UPI transactions worth a record ₹199.89 Lakh Crores, thanks to the widespread adoption of UPI and mobile wallets.

Indian fintech startups, including 21 unicorns valued at over $70 Billion, are disrupting various sectors like digital lending, wealth management, Insurtech, and neo-banking, driving innovation and growth.

Emerging technologies like blockchain, artificial intelligence (AI), and the Internet of Things (IoT) are set to further revolutionize the fintech space, offering new possibilities and enhanced user experiences.

Bajaj Finserv Direct Limited ("Bajaj Markets") offers to its customers, various financial products and services through its digital platform as a registered Corporate Agent with IRDAI, registered Investment Adviser with SEBI, registered Third-Party App Provider (UPI payments), and as DSA or Digital lending platform of its Partners. Further, Bajaj Markets also offers a marketplace e-commerce platform to facilitate transactions between customers and sellers on-boarded on the platform. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522 Corporate Agency (Composite) Registration no.CA0551 (valid till 10-Apr-2027) Investment Adviser, SEBI registration: INA000016083 (Validity - Aug 11, 2021 - Perpetual)

Fintech Today: How Far Have We Come

Key Takeaways

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