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Fintech accounts for 3 per cent India’s financial services revenue pool, to clock $70 bn revenue by FY30

Business Today · 1y

India's fintech sector, ranked third globally, is projected to reach $70 billion annual revenue by FY30, comprising 18-20% of the country's financial services revenue. Fueled by digital adoption, public infrastructure, and regulation, it's expected to expand to a $400 billion opportunity by 2030. Fintechs have garnered 3% of India's $210-220 billion financial services revenue, with investments tripling since 2018, constituting 14% of start-up funding. They dominate digital payments, broking accounts, and show potential to capture 12-15% of financial services revenue by 2030.