Financial technology (also called FinTech) is an industry composed of companies that use technology to offer financial services. These companies operate in insurance, asset management and payment, and numerous other industries.[1] FinTech has emerged as a relatively new industry in India in the past few years. The Indian market has witnessed massive investments in various sectors adopting FinTech, which has been driven partly by the robust and effective government reforms that are pushing the country towards a digital economy. It has also been aided by the growing internet and smartphone penetration, leading to the adoption of digital technologies and the rise of FinTech in the country[2]
According to a report by Ernst & Young (EY), India is one of the largest and fastest-growing FinTech ecosystems in the world. It stands second after China in terms of the FinTech adoption index with an adoption rate of 87%.[2] The overall estimation of the FinTech market in 2021 for India has come out to be $50 billion as mentioned in a report by FIA Global.[3]
^"FinTech Gaining Momentum in India with Paytm's Payment Banks". SiliconIndia. May 2, 2016.
^ ab"The winds of change: Trends shaping India's FinTech sector" (PDF). Ernst & Young. September 2021.
Financialtechnology (also called FinTech) is an industry composed of companies that use technology to offer financial services. These companies operate...
Financial regulation inIndia is governed by a number of regulatory bodies. Financial regulation is a form of regulation or supervision, which subjects...
information technology (I.T.) industry inIndia comprises information technology services and business process outsourcing. The share of the IT-BPM sector in the...
63 Moons Technologies Limited (stylised as 63 moons technologies), formerly FinancialTechnologies (India) Limited until 2016, is an Indian company which...
minister of India, initiated reforms to promote higher education and science and technologyinIndia. The Indian Institute of Technology (IIT)—conceived...
institutions engaged in similar activities. It was established in 1990, through an Act of Parliament. SIDBI is one of the five All IndiaFinancial Institutions...
India (RBI) as a central bank digital currency (CBDC). The Digital Rupee was proposed in January 2017 and will be launched in the 2022-23 financial year...
Institute of Technology Madras (popularly known as IITM or IIT Madras) is a public technical university located in Chennai, Tamil Nadu, India. It is one...
Eko IndiaFinancial Services Pvt. Ltd. is an Indian fintech company, servicing the State Bank of India (SBI), ICICI Bank, and Yes Bank, and provides banking...
Strategic Technologies and DBSS, to form a new company called Cognizant Corporation, headquartered in Chennai, India. Three months later, in 1997, DBSS...
Suryapet. India portal The Information Technology Investment Region (ITIR), Hyderabad Information technologyinIndia Software industry in Karnataka List...
Officers of the All India Services (IAS, IPS and IFoS), and other Central Civil Services in Group 'A'. A financial bill can be introduced in the parliament...
insurance aggregator and multinational financialtechnology company based in Gurgaon. The company was founded in June 2008 by Yashish Dahiya, Alok Bansal...
multinational financialtechnology company, that specializes in digital payments and financial services, based in Noida, India. Paytm was founded in 2010 by...
is a list of notable companies in the information technology sector based inIndia. Top Indian companies are listed in descending order of their market...
payment and financial services to consumers and merchants inIndia. It also provides mobile advertising, marketing and payments for merchants. In 2021, the...
period that began in the 1960's during which agriculture inIndia was converted into a modern industrial system by the adoption of technology, such as the...
second-largest. India has one of the world's highest number of billionaires and extreme income inequality. During the 2008 global financial crisis, the economy...
serves financial services, telecom, logistics, and technology industries. Mphasis was ranked #7 inIndia IT companies and overall #189 by Fortune India 500...
HET. Regional accreditation Education inIndia DOEACC Science and technologyinIndia Indian Institute of Technology Regional Offices Archived 19 January...
construction in the Ahmedabad district in Gujarat, India. It is India's first operational greenfield smart city and international financial services centre...
Payments Corporation of India for the National Financial Switch. Earlier in 2007, Agashe, then serving as Sarvatra Technologies's managing director, had...
Global Information