Amongst various FinTech segments, Lending Tech contributed INR 34 trillion, Payments Tech reached INR 29 trillion, and Neo- Banking accounted for INR 5.6 trillion, exceeding INR 68 trillion in FY25 in total, according to a report by 1Lattice.
Factors like the adoption of alternative credit scoring models, the rise of digital payment systems like UPI, and the growing demand for mobile- first, personalized banking services have driven the growth of India's FinTech sectors. Enhanced digital infrastructure, increased financial inclusion, and strategic partnerships between traditional banks and fintech firms have further fueled this transformation.
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