General Information

Population

1.4B

Online population

806M

Currency

INR

Market overview

Population - 1.4B

In 2025, India is the most populated country in the world.

Internet penetration - 55,3%

There were 806 million internet users in India at the start of 2025**.**

FinTech Outlook: Trends, Insight & Technology

India’s fintech landscape in 2025 is a case study in scale and innovation: it shows how blending AI, embedded finance, and proactive regulation can lead to a rapidly expanding market.

• 📈 UPI dominance

  • The Unified Payments Interface (UPI) now processes 18 billion transactions monthly, making India the world’s largest real-time payments market.
  • UPI 3.0 features like voice payments and credit-on-UPI are expanding financial access for rural and urban users alike.
  • In February 2025, India and UAE agreed to interlink real-time payment systems, widening UPI’s global reach.

• 🤖 AI-powered lending & digital banks

  • AI and machine learning are everywhere—from spotting fraud to tailoring microloans for underserved users.

• 🔗 Embedded finance

  • Financial rails are now woven into retail, logistics, and healthcare platforms, making services invisible to end-users.

• 🏦 Regulatory tailwinds

  • The RBI’s stricter digital lending norms and payment aggregator licensing show a shift from “sandbox experimentation” to “responsible scale-up.”
  • SEBI released a **consultation paper on June 20, 2025,** introducing draft principles around Governance, Testing, Bias, Disclosures, and Data Security for AI/ML in capital markets.

  According to Mordor Intelligence, the Indian fintech market is valued at USD 44.12 billion in 2025 and is expected to grow to USD 95.3 billion by 2030, with a CAGR of 16.65%.

  India hosts approximately 9,000 fintech companies, making it the third-largest fintech ecosystem globally.

  Competition is fierce, with payments-focused super-apps branching into lending, insurance, and wealth, while niche players target premium credit, gig economy finance, and cross-border payments.

  

As of early 2025, India was home to approximately 26 fintech unicorns, most of them being from the payments segment, followed by lending tech and fintech infrastructure.

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