India's fintech sector set for massive growth
Finance Minister Nirmala Sitharaman says India's fintech industry could top $400 billion by 2028-29.
At the Digital Payments Awards 2025, she called for more innovation and inclusion, highlighting that India's fintech market is already worth $110 billion with an impressive 87% adoption rate—way above the global average.
India is leading the world in digital payments
India is leading the world in digital payments, handling almost half of all real-time transactions globally.
With over 35 crore people using UPI, India has become a significant hub for fintech companies worldwide.
Digital payment tools are now seen as models for countries
India's digital payment tools are now seen as models for other countries.
The Digital Payments Index has jumped four times since 2018—a sign of how fast things are changing.
As we go digital, tackling cybersecurity risks is crucial to keep everyone safe.