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India Fintech Insights, Digital payments, Payments Ecosystem, Key Emerging Trends, Alternative Lending, InsurTech, WealthTech, Lending, AI- based Technology

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  • 104 Pages
  • May 2020
  • Region: India
  • Renub Research
  • ID: 5029475
1. Introduction

2. Executive Summary

3. Growth Drivers
  • Unmet financial needs
  • Changing consumer demographics, evolving needs and rising digital expectations
  • Government policies, regulations and infrastructure
  • Goods and Services Tax (GST) regime
  • Jan Dhan Yojana
  • Building the digital infrastructure
  • Unified Payments Interface (UPI)
  • Digital India Programme
  • Availability of the Internet
  • Promoting innovation and competition in the industry
  • Startup India
  • License for payment banks
  • Recognition of peer-to-peer (P2P) lenders as non-banking financial companies (NBFCs)
  • Regulatory sandbox by the RBI for FinTechs
  • Rising collaboration between incumbents and FinTechs

4. Challenges
  • Market regulators
  • Balancing data privacy needs with the industry’s requirement for open data
  • Keeping pace with the emerging risks inherent in advanced technologies
  • Promoting stability in the FS sector in an interconnected world
  • FS Incumbents
  • Reskilling people for a digital tomorrow
  • Tackling regulatory scrutiny on advanced technologies
  • FinTech Players
  • Addressing cyber security concerns to win consumers’ trust
  • Lack of early-stage funding
  • Managing regulatory uncertainty

5. Opportunity
  • Bundling FinTech with consumption needs of the mass segment
  • Realizing the opportunity: The consumer-need cornerstone framework

6. India Fintech Insights
  • Year-on-Year Number of FinTech Companies Founded (in Number) 2013 - 2018
  • India FinTech Transaction Value Projections (in US$ Billion), 2019 - 2023
  • Global FinTech Transaction Value Projections (in US$ Trillion), 2019 - 2023

7. Global and Indian FinTech
  • Global VC-backed FinTech Funding and Deal Count (in US$ Billion), 2014 - 2018

8. Asia’s Rising Share in Global FinTech Funding
  • Global VC-Backed FinTech Funding by Continent (US$ Billion), 2014 - 2018
  • Global VC-Backed FinTech Deal Count by Continent, 2014-2018

9. Robust funding landscape in India
  • India VC-Backed FinTech Funding and Deal Count (in US$ Million), 2014 - Q1 ’19
  • VC-Backed FinTech Deal Count in India and China (in US$ Million), Q1 2019
  • VC-Backed FinTech Deal Count in India and China (US$ Million), Q1 2019

10. Building the Digital Infrastructure
  • Number of Mobile and Internet Users in India
  • UPI Transactions Cross INR 1 Trillion in Value in Dec 2018

11. Segment Overview
  • India VC/PE funding by FinTech Segments (US$ Million), 2018

12. Digital Payments
  • Volume of Digital Payment Transactions (In Million)
  • Value of Digital Payment Transactions (In USD Trillion)

13. Payments Ecosystem
  • Payments value chain and business models

14. Key Emerging Trends
  • Need for interoperability
  • Development of next-generation customer solutions by banks and payment service providers (PSPs) through open banking
  • Increasing use of alternative payment channels
  • Process innovation across the value chain
  • Tokenization: The future of secured payments
  • Transaction Flow Using Tokenization across Various Stakeholders in the Payments Value Chain, 2019-2023.
  • % Share of Worldwide Digital Payments Transaction Value by Country, 2019-2023

15. Alternative Lending
  • Direct lending models
  • POS lending
  • Supply chain financing
  • MSME financing to rise with increasing business formalization
  • Global VC-Backed Alternative Lending Funding (US$ Billion), 2013 to 2018*
  • Total Alternative lending Transaction Value in India (US$ Million), 2019 - 2023
  • Country Alternative Lending Transaction Value as a % of Worldwide Alternative Lending Transaction Value in 2019

16. InsurTech
  • Key Business Models
  • Digital insurance advisors
  • PoS insurance providers
  • Key Emerging Trends
  • Product customization
  • Price segmentation
  • Business model innovation

17. WealthTech
  • A) Democratising investment advisory
  • B) Hybrid models with a human touch
  • C) Sentiment analysis
  • D) Payment players moving into the systematic investment plan (SIP) space

18. WealthTech Transaction Value (India vs. Global)
  • Indian Robo-Advisory Space
  • India - AUM in I Robo-Advisory Space in (USD Million), 2019-2023
  • India - Robo-Advisory Transaction Value Accounts for 0.004% of Worldwide Value in 2019

19. Lending
  • Market Opportunity Cash loans (USD Billion), 2021-2025
  • Market Opportunity EMI loans (Mobile Phones & Accessories) In USD Billion, 2021-2025
  • Market Opportunity EMI Loans (FMCG) in US$ Billion, 2021-2025
  • Redefining Customer Experience Using Modern Technology
  • Finding new ways of Customer Acquisition
  • Optimizing Customer on Boarding
  • Driving hyper-personalisation using chat bots
  • Managing risk with AI/ML
  • ML, automated data analyst and robotics emerge as the top three AI-powered solutions in BFSI

20. AI-Based
  • Moving from robotic process automation (RPA) to intelligent automation (IA)

21. Technologies Shaking Up the FS Infrastructure
  • Block chain moving into the mainstream
  • FS Industry Leading in Block chain Adoption

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts