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India’s fintech industry values at $150-$160 billion by 2025: Report

India’s Financial Technology industry is set to grow up to a size of $150-$160 billion industry in the next 5 years. A report by the Boston Consulting Group and the FICCI undertook the evaluation process and estimating the potential of the industry in India.

Business News: India’s Financial Technology (Fintech) industry is set to grow up to a size of $150-$160 billion industry in the next 5 years. A report by the Boston Consulting Group and the FICCI undertook the evaluation process and estimating the potential of the industry in India.

India’s fintech industry values at $150-$160 billion by 2025, says report - The Wall Post - Business News India
India’s Fintech Industry values at $150-$160 billion by 2025, says report

“India is strongly poised to realise a FinTech sector valuation of USD 150-160 billion by 2025, translating to an incremental value-creation potential of approximately USD 100 billion. It is estimated that to meet this ambition, India’s FinTech sector will need investments of USD 20-25 billion over the next five years,” says the report.

India has a FinTech industry companies numbering more than 2,000 companies, in which 1,500 companies have alone been started and incorporated. Currently the value of the country’s fintech industry is around $50-$60 billion. The growth of the industry was stalled by the pandemic and the subsequent fall in retail transactions in the last year.

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The industry has witnessed the boom of three unicorn companies and five soonicorns ($500 million) companies. Prateek Roongta, Managing Director and Partner, Boston Consulting Group India said, “We believe India’s FinTechs are at the precipice of significant value-creation of USD 100 billion over the next five years. To actualise this potential, the industry would require investments to the tune of USD 20-25 billion till 2025. Consequently, the number of Indian FinTech Unicorns will more than double over the next few years.”