Industry Analysis Vittarth

Indian FinTech Industry

Indian Fintech Industry

India is the largest consumer market in the world. It is among the fastest-growing Fintech industry market in the world. Point of advantages in favor of Fintech operating in India is a rapid internet penetration, the largest population of unbanked category, and the highest Fintech adoption rate in the world. Moreover, it is estimated that the Indian Fintech market will be growing at a CAGR of 22% in the next five years as per NASSCOM. Hence, India possesses unexplored revenue potential for Fintech players. The opportunities are not just limited to retail consumers but also exist to include the 57.7 million small businesses registered in the country.
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Credits: Akshay SharmaSaadiya Tanvir

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