FINTECH IN

INDIA
 INTRODUCTION

• Financial technology ( FinTech) is the technology and innovation that aims to compete with

traditional financial methods in the delivery of financial services. It is an emerging industry
that uses technology to improve activities in finance. 

• The use of smartphones for mobile banking, investing, borrowing services

and cryptocurrency are examples of technologies aiming to make financial services more
accessible to the general public.

• Fintech companies use a variety of technologies, including artificial intelligence (AI), big

data, robotic process automation (RPA), and Blockchain.
 FINTECH COMPANIES IN INDIA
PAYTM
Paytm is an Indian multinational technology company that specializes in digital
payment system, e-commerce and finance. Paytm is currently available in 11 Indian
languages and offers online use-cases like mobile recharges, utility bill payments,
travel, movies, and events bookings as well as in-store payments at grocery stores,
fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational
institutions with the Paytm QR code. It’s net worth currently stands at $16 Billion.

GOOGLE PAY
Google Pay is a digital wallet platform and online payment system developed
by Google to power in-app, online, and in-person contactless purchases on mobile
devices, enabling users to make payments with Android phones, tablets, or watches.
Users in the United States and India can also use an iOS device, albeit with limited
functionality. In addition to this, the service also supports passes such as coupons,
boarding passes, campus ID cards, car keys, event tickets, movie tickets, public
transportation tickets, store cards, and loyalty cards.
 CHALLENGES FACED
 Regulatory and Compliance Laws
Many laws inevitably contribute to the slow down of the Fintech
start-ups in Indian financial markets. Not only are these
regulations challenging to cope with, but they also make it difficult
for Fintech players to enter the Indian markets. Compliance laws
are laid in place as a restrictive regulatory framework to prevent
fraud.

 Trust in Cash
Most Indians follow a conservative approach when it
comes to daily transactions and end up using cash. They
have trusted money as a medium of sales for ages and find
it difficult to change their habits and adapt to new
avenues.
 Cyber Threats
Fintech companies deal with sensitive customer data. Multiple
cybersecurity threats result in massive monetary losses during
online transactions. These are entirely unwarranted for
customers. The technology that offers convenience also opens up
people’s online accounts to fraudsters looking to steal their
assets. 

 Lack of support from Government

Fintech in India is deprived of lack of government support and
Incentives for protecting their interests. This can be highly
demotivating for new Fintech players. Fintechs play a crucial role
in driving economic growth and must be offered all the necessary
means to thrive.

 Unbanked and Underbanked Population

Fintechs had staggered growth because of poor infrastructures like low internet
penetration and literacy levels in India. Although the Indian government is tackling these
issues with generous policies, the benefits will only be visible in the long run.
FINTECH IN INDIA – CURRENT SCENARIO
 
Just like every other industry, Fintech industry has been adversely affected by
Covid-19. Though recovery will take time, fintech has nonetheless been witnessing
an increase in business over the last few months. The exponential growth across the
segment has also resulted in a significant capital inflow and made a rising investor
interest. The Indian fintech segment has grown immensely in the past few years. An
example of this is the adoption of digital payment solutions such as AePS (Aadhaar-
enabled Payment Systems), UPI, mobile wallets, etc. The global pandemic has been
an event that has made it more important than ever for businesses to develop strong
insights into their operations. 
IMPACT Of COVID-19 On FINTECH
• No Uniform Sector
The impact of COVID 19 on the market performance
is not uniform across Fintech business verticals or
geographic jurisdictions as FinTech firms are not a
monolithic sector.

• Digital Payments
AePS volumes have been steadily increasing since
the start of 2019.

• Changes due to consumer demand

The kind of product or service of a FinTech firm is one
of the major factors that affect the funding and growth
of that firm. FinTech companies involved with banking
and business to business transactions are less
vulnerable.
 FUTURE OF FINTECH IN INDIA
 Fintech Adoption Rate- 87% and The fintech market in
India was valued at over Rs 1,920 billion and is projected to
cross Rs 6,207 billion by 2025, expanding at a CAGR of 22.7
per cent.
 Penetration of smart phone users- i)People inclined towards Digital payments
ii)Rural population started using phone banking
 Edtech and fintech partnership

 Blockchain market- It’s disrupting a lot of industries like finance,

entertainment, healthcare and education and expected to grow at a
compound annual growth rate (CAGR) of 37 percent till 2024.
It is Secured by the cryptography and doesn’t have central entity.
BENEFITS OF FINTECH
SECURITY

CONVENIENT

SPEED UP THE PROCESS

ROBO ADVISORS
REGULATORY BODIES OF FINTECH

The Reserve Bank of India (RBI)

The Securities Exchange Board of India (SEBI)

The Ministry of Electronics and Information Technology

(MEITY)

The Ministry of Corporate Affairs

The Insurance regulatory and Development Authority of India

(IRDAI)
THANK YOU
GROUP 7

Srishti Narang_20BSP2506
Tushar Kapoor_20BSP2679
Vidhi Dudeja_20BSP2767
Yukti Garg_20BSP2900
Shivam Kushwaha_20BSP2248