Indian fintech market poised for multi-fold growth for newer biz models

India, as the KPMG report suggests, is a unique market where the regulator has been actively involved in giving access to new-age fintech players

Those who think that the $4.7-billion PayU-BillDesk is a sign of consolidation in the Indian fintech space, emulating what’s been happening in edtech, need to think again. The Indian fintech market is poised for multi-fold growth with enough room for newer business models to emerge.

India’s fintech market is currently valued at $31 billion and is expected to grow to $84 billion by 2025, a compounded annual growth rate of 22 per cent. The fintech transaction value size is set to grow from $66 billion in 2019 to $138 billion in 2023, a CAGR of 20 per cent, according to government