Is India's Fintech Surge Here to Stay? Insights from India's IT Minister.

Over 6,636 startups. 87% adoption rate. $31Bn market.

This is how strong the great Indian fintech ecosystem is.

The three-day Fintech Festival in New Delhi (July'22) celebrated the immense potential of fintechs and created opportunities to strengthen the ecosystem through collaborations. With over 5000 participants, the event was graced by several dignitaries.

Union Minister of State for Electronics and Information Technology, Mr.Rajeev Chandrasekhar cleared the air about fintech perception in India.

Key Highlights of his Address
  • Contrary to cynical hearsay, the Minister affirmed that the fintech industry has transformed lives, enabled inclusion, and rebuilt the trust in Indian democracy.

  • The risk of corruption and leaks were eliminated, as financial technology helped remove fake beneficiaries from government schemes. Losses were minimized and disbursements were credited to the right Jan Dhan accounts.

  • Fintech has had a positive impact on creating innovative environments via path-breaking initiatives such as drones and space technology ecosystems.

  • Digital India initiative and financial technology have dramatically transformed how governance is carried out in the past seven years. We are driven by the energy, hard work, innovation, and ideas of young Indians all around the nation.

  • But, this is not all. There is much more to unleashing the power and potential of Fintech in India. This will continue to be the stepping stone for the inclusion of new ideas from the greatest minds in Finance and Technology!

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India to reach a trillion-dollar fintech market by 2025

The country's fintech market is estimated to grow at a CAGR of 31% during 2021-2025.

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How is AI changing the financial industry?  Top 6 Use Cases in Fintech and Banking

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Strategy to Reorient Neobanking for Sustained Profitability

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Pune-based fintech startup OneCard becomes India's 104th Unicorn

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NPCI makes user consent mandatory for accessing location data on UPI apps

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WhatsApp Pay records 2.3 Cr UPI transactions worth INR 429.06 Cr in June 2022

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Africa-based fintech, Moove partners with Uber to launch operations in India

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Neobank Fi raises USD 45 million in the Ongoing Series C Round

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Happy to share  that M2P Fintech has acquired Syntizen, a digital identity services provider

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Our co-founder, Madhusudanan R, was featured as one among the  'Best CEOs & Visionary Leaders'   in the Outlook Business series

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Proud to announce that M2P Fintech was a Platinum Partner at Fintech Festival India at Pragati Maidan, New Delhi.  Highlights here!

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Catch our co-founder Madhusudanan R, alongside Anupam Gupta, for a wonderful session on 'The Oncoming Banking Sector Disruption'.  Don't miss out!

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Our co-founder Madhusudanan R was a part of the industry delegation hosted by the Swiss Business Hub India.  More here

That's it for now. See you again soon with all the need-to-know fintech updates!

Stay tuned. Stay curious.