India’s fintech sector is poised for rapid expansion, with Finance Minister Nirmala Sitharaman projecting its value to grow from the current $110 billion to over $400 billion by 2028–29. Speaking at the Digital Payments Awards 2025, she urged fintech companies to focus on innovation that drives financial inclusion, especially in rural areas, while also addressing cybersecurity threats such as digital frauds, deepfakes, and impersonation scams. Emphasizing the global potential of Indian fintech, she encouraged companies to not only cater to domestic needs but also scale internationally. The government, she assured, will continue to support this growth through infrastructure, regulatory aid, and policy backing.
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India’s Fintech Market Set to Quadruple to $400 Billion by 2028: Finance Minister
India’s fintech sector is poised for rapid expansion, with Finance Minister Nirmala Sitharaman projecting its value to grow from the current $110 billion to over $400 billion by 2028–29. Speaking at the Digital Payments Awards 2025, she urged fintech companies to focus on innovation that drives financial inclusion, especially in rural areas, while also addressing cybersecurity threats such as digital frauds, deepfakes, and impersonation scams. Emphasizing the global potential of Indian fintech, she encouraged companies to not only cater to domestic needs but also scale internationally. The government, she assured, will continue to support this growth through infrastructure, regulatory aid, and policy backing.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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