India is amongst the fastest growing Fintech markets in the world. The Indian Fintech ecosystem sees a wide range of subsegments including Payments, Lending, Wealth Technology (WealthTech), Personal Finance Management, Insurance Technology (InsurTech), Regulation Technology (RegTech) etc. India remains one of the largest markets where the structural enablers to setup and incubate fintech have come together strongly and at an apt time.
Combination of steady economic growth with low penetration of financial services and availability of supporting infrastructure such as internet data access, smartphones along with utility infrastructure including Aadhaar based authentication and India Stack capabilities are likely to provide the required impetus to India’s FinTech sector.
The FinTech market has continued to help expand access to financial services during the pandemic, especially, the emerging market has seen strong growth in all types of digital financial services. The digital payments landscape has also grown rapidly over the last decade. India has globally positioned itself as a benchmark in digital payments owing to its resilient payment infrastructure, market practices and proliferation of digital payments across various segments which include both retail and merchants.
Adoption of digital payments in the MSME space has unlocked several efficiencies that have driven end to end transformation on how small businesses conduct their operations related to cash flow management, operations, and reconciliations.
ASSOCHAM is organising the three-days INDIA INTERNATIONAL FINTECH FESTIVAL in May 2022. The INDIA INTERNATIONAL FINTECH FESTIVAL will be India’s leading, premium content, networking platform for the fintech ecosystem. From indepth analytics to inspirational speakers, our world-class insight and networking opportunities will help industry stay ahead – powering strategies and relationships and switching mindsets.
INDIA INTERNATIONAL FINTECH FESTIVAL promises to be the clearest and most distinctive focus on what’s next across the world of Payments, FinTech and Financial Services.