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Fintech Market in India 2022-2027

  • Report
  • 81 Pages
  • October 2022
  • Region: India
  • Netscribes (India) Pvt Ltd
  • ID: 5671316
Fintech is one of the fastest-growing technology segments driving innovation in various applications including loans, payments, stock trading, and credit scoring. At present, there are 473 fintech unicorns of which 40 were added in Q1 2022. As of August 2022, crypto is now the most invested segment in the fintech market. Crypto startups raised INR 559.58 Bn in Q1 2022, more than any other fintech segment. Moreover, crypto and DeFi funding is also growing faster than other fintech segments such as WealthTech, InsurTech, RegTech etc. (2.4x compared to Q1 2021)

Market insights:

The fintech market was valued at INR 2.48 Trn in FY 2021. It is expected to reach INR 9.27 Trn by FY 2027, expanding at a compound annual growth rate (CAGR) of ~24.96% during the FY 2022 - FY 2027 period. The market witnessed an upsurge in digital payments transactions in FY 2021 and H1 FY 2022. Unified Payment Interface (UPI) is the major driving factor behind this growth, along with credit and debit cards. Also, the number of acceptance points, both, quick response (QR) and physical point of sale (PoS), for digital payments have increased significantly across the country. Moreover, in the wake of the pandemic, the use of digital payment solutions went up by ~40% as compared to pre-COVID era. The increase in the use of digital payment procedures has directed notable growth in the India fintech industry. The latest developments around new umbrella entities (NUEs) to streamline retail payments across the country could prove to be a turning point in the digital payment space.

COVID-19 impact analysis:

The fintech market in the country has benefited from the pandemic. Contactless payments have ballooned in the wake of the pandemic. The Reserve Bank of India (RBI) encouraged contactless card payments and permitted transactions of up to INR 2,000 without two-factor authentication (such as a PIN). In the first half of 2020, fintech start-ups experienced a fall in investments by almost 53%. The companies raised ~INR 263 Bn through at least 102 deals in 2019, whereas the total funding in 2020 was ~INR 124 Bn made through 70 deals.

Table of Contents

Chapter 1: Executive summaryChapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Evolution of fintech in India
4.1. Evolution of fintech
Chapter 5: Global fintech market
5.1. Global fintech market - An overview
5.2. Global position of India fintech market
Chapter 6: India fintech market
6.1. fintech market - An overview
6.2. Fintech clusters
6.3. Fintech hub development opportunities
Chapter 7: Key market indicators
7.1. Funding in fintech market
7.2. Digital payments in fintech solutions
Chapter 8: Applications of fintech in India
8.1. Market segmentation - Digital payments
8.1.1. Digital payments segment
8.1.2. Impact assessment of tech innovations on the digital
  • payments segment
8.1.3. Lending segment
8.1.4. WealthTech segment
8.1.5. InsurTech segment
8.1.6. RegTech segment
8.1.7. Key players in the market
Chapter 9: COVID-19 impact analysis
9.1. COVID-19 impact analysis
Chapter 10: Market influencers
10.1. Market drivers
10.2. Market challenges
Chapter 11: Government initiatives
11.1. Government initiatives
Chapter 12: Market trends
12.1. Market trends
Chapter 13: Competitive landscape
13.1. ET Money
  • Company information
  • Business description
  • Products/Services
  • Key people
  • Note: Similar information has been provided for all companies
13.2. Ezetap
13.3. Freecharge Payment Technologies Private Limited
13.4. Mswipe Technologies Private Limited
13.5. One Mobikwik System Private Limited
13.6. One97 Communications Limited
13.7. PhonePe Private Limited
13.8. Pine Labs Private Limited
13.9. PolicyBazaar.com
13.10. PayU Payments Private Limited
Chapter 14: Funding snapshot
14.1. Funding snapshot of prominent fintech players
Chapter 15: Merger and acquisitions
15.1. Mergers and acquisitions
Chapter 16: Recent developments
16.1. Recent developments
Chapter 17: Appendix
17.1. Research methodology
17.2. About the Publisher
17.3. Disclaimer

Companies Mentioned

  • ET Money
  • Ezetap
  • Freecharge Payment Technologies Limited
  • Mswipe Technologies Limited
  • One Mobikwik System Limited
  • One97 Communications Limited
  • PhonePe Limited
  • Pine Labs Limited
  • PolicyBazaar.com
  • PayU Payments Limited

Methodology

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