Indian Fintech has seen an incredible growth story. After 2010, the market became more defined with segments like Neobanking, P2P Lending and more coming up and seeing innovative use cases: Till 2012:
Initial stage of development of digital marketplaces
Wallets started emerging
2013 – 2016:
Indian Payment ecosystem grew immensely: Pre-paid cards, POS platforms, Payment Gateway platforms, Wallets witnessed high growth
Lending kicked off
2017 – 2018:
Introduction of IndiaStack
While wallets collapsed due to UPI, Lending Fintechs and Insurtechs prospered
2019 – Today:
Open Banking explodes
Digital Lending grows
Regulator’s oversight rapidly changing the landscape
India is the 3rd largest Fintech ecosystem in the world*, having drawn in more than USD 30 billion since 2014*. The CAGR of Fintech market in 2025 is expected to be 24.57%*. With the government’s support and VC funding, this industry will continue to grow.Check out the ‘Indian Fintech: A Growth Story’ report for a quick perspective on
– Current funding
– Ecosystem growth over last 12 years
– Key trends
– Regulatory changes* Source: Invest India
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