Fintech Industry: Outlook

Fintech is playing a crucial role in transforming India’s financial services landscape, making payments, credit, and investments more accessible and efficient.

- Teji Mandi

In the first half of 2025, India’s fintech revenue stood at $47 bn, including both digital and other segments. By 2030, it is expected to reach $250 bn, with digital lending contributing over 53% (exceeding $133 bn).

Key Drivers

The expansion of India’s middle class, which now makes up around 33% of the population, has boosted demand for financial services and digital solutions. Government initiatives such as the PMJDY have improved access to banking, enabling more people to participate in the formal financial system. The RBI Financial Inclusion Index reached 67 in FY25, up from 64 in March 2024.