Fintech Market Analysis in India by FinTech Association

According to a recent report by the FinTech Association, India is the world’s third-largest fintech market with over 9,000 active fintech companies. The sector is growing at an impressive rate of over 30% annually, with the market size expected to exceed $111 billion by 2024. This growth is largely attributed to favorable government policies, increased digital adoption, and a high demand for accessible financial services. As India’s fintech landscape continues to expand, international investors and startups are keen on tapping into this rapidly evolving market, further solidifying India’s position as a fintech powerhouse.