Fintech Market in India 2020
The fintech market in India was valued at ~INR 1,920.16 Bn in 2019 and is expected to reach ~INR 6,207.41 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~22.70% during the 2020-2025 period. Increased adoption of the internet and improved digital infrastructure are driving the fintech market in India. However, lack of consumers trust on digital modes of payment, and rising threat of cyber and data security are impeding market growth.
Further, the industry is witnessing increased application of artificial intelligence (AI) and Big Data for enhancing personalized offerings. New business models like Neobanks are expected to revolutionize the Indian fintech market.
Payments, lending, insurtech, wealthtech and banktech are the key operative segments within the fintech market.
The payment segment comprises M-wallets, PPIs, merchant payments, PoS services, international remittance and trading in crypto currencies.
The lending segment includes peer-to-peer lending, crowd funding, loans, online lenders, on-book lending by NBFCs and credit scoring platforms. Insurtech is a niche segment in the Indian fintech ecosystem consisting of insurance aggregators, IoT, wearable and kinematics.
Wealthtech includes robo-advisors, discount brokers and online financial advisors.
The principal function of the banktech segment is to utilize data points like financial transactions and spending patterns to create risk profiles of consumers.
In 2018 and 2019, the payments segment received the highest amount of venture capital investments, followed by the lending and insurtech segments. Wealthtech and banktech are the emerging segments of the industry.
Impact of COVID-19:
As the discretionary spending in the industry has gone down considerably, the number of digital transactions has declined. This has severely hampered cash flow for leading businesses in the country. However, the industry witnessed a ~42% rise in the use of digital payment modes. But purchasing only essential products would not be enough to drive uptake of digital transaction in the Indian fintech ecosystem. Healthcare, bill payments, grocery and food are witnessing rapid digitization, while the entertainment, fashion, travel and tourism industries are at a standstill, thereby reducing transaction volumes in the country and severely affecting the Indian fintech industry.
The fintech market in India is highly competitive with incredible growth potential; however, stringent regulatory norms tend to act as significant entry barriers for new players entering the Indian fintech space. The country is growing into a hub for fintech start-ups, and global investors are actively investing in prospective Indian fintech start-ups. In terms of investment, PayTM, Cred, Acko, InCred Finance and BharatPe emerged as the top five fintech players in 2019.
Freecharge Payment Technologies Private Limited
One Mobikwik System Private Limited
Mswipe Technologies Private Limited
One97 Communications Limited
PhonePe Private Limited
Pine Labs Private Limited
PayU Payments Private Limited
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.1.1. The market system for fintech in India
3.1.2. Consumers for fintech in India
Chapter 4: Global fintech market overview
4.1. Current market scenario
4.1.1. Market size and growth forecast (2018-2025)
4.2. Percentage of digitally active consumers using fintech (2019)
4.3. Consumer fintech adoption rate (2019)
4.4. India versus other fintech hubs around the world
Chapter 5: India fintech market overview
5.1. Current market scenario
5.1.1. Market size and growth forecast (2018-2025)
5.2. Major fintech clusters in India
5.3. Government initiatives
Chapter 6: Impact of COVID-19 on the Indian fintech industry
6.1. Impact of COVID-19 on the Indian fintech industry
Chapter 7: Market segment-wise opportunity analysis
7.1. Venture capital funding by fintech segments
7.2. Payments overview
7.2.1. Drivers and challenges
7.2.2. Examples of fintech start-ups
7.2.3. Impact assessment on payments fintech
7.3. Lending overview
7.3.1. Drivers and challenges
7.3.2. Examples of fintech start-ups
7.3.3. Emerging lending business models
7.4. InsurTech overview
7.4.1. Drivers and challenges
7.4.2. Examples of fintech start-ups
7.5. WealthTech overview
7.5.1. Drivers and challenges
7.5.2. Examples of fintech start-ups
7.6. BankTech overview
7.6.1. Liquidity management
126.96.36.199. Drivers and challenges
188.8.131.52. Examples of fintech start-ups
7.6.2. Trade finance
184.108.40.206. Drivers and challenges
220.127.116.11. Examples of fintech start-ups
7.6.3. Forex & treasury
18.104.22.168. Drivers and challenges
22.214.171.124. Examples of fintech start-ups
7.6.4. Capital markets
126.96.36.199. Drivers and challenges
188.8.131.52. Examples of fintech start-ups
Chapter 8: Market trends
Chapter 9: Market influencers
9.1. Market drivers
9.2. Market challenges
Chapter 10: Competitive landscape
10.1. ET Money
Note: Similar information covered for all other public companies. Private companies' data given on best effort basis.
10.3. Freecharge Payment Technologies Private Limited
10.4. One Mobikwik System Private Limited
10.5. Mswipe Technologies Private Limited
10.6. One97 Communications Limited
10.7. PhonePe Private Limited
10.8. Pine Labs Private Limited
10.10. PayU Payments Private Limited
Chapter 11: Website benchmarking
Chapter 12: Funding
12.1. Funding raised by top 20 Indian fintech companies
Chapter 13: Recent Developments
Chapter 14: Acronyms
Chapter 15: Appendix
15.1. Research methodology
15.2. About Netscribes
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