India's Fintech Sector Eyes $190 Billion Revenue by 2030

The Indian fintech ecosystem has recently been valued at $100 billion and is projected to potentially triple that value in the next decade, as highlighted in a Boston Consulting Group (BCG) report. The sector, which includes over 12,000 fintech enterprises, recorded a remarkable 50% revenue growth in 2023, reaching $25 billion, and is expected to grow to $190 billion by 2030. Key drivers of this growth include Generative AI, API-based architecture, and a focus on international expansion, particularly in the Middle East and Southeast Asia. The Unified Payment Interface (UPI) has emerged as a transformative force in India's payment landscape, facilitating billions of transactions. Industry leaders emphasize a shift towards 'profitable and compliant growth', leveraging critical technologies to enhance operational efficiency. As India aims to become a $10 trillion economy by 2030, the fintech sector is poised for substantial advancements, serving both domestic and global markets.