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India’s fintech sector is poised for rapid expansion, with Finance Minister Nirmala Sitharaman projecting its value to grow from the current $110 billion to over $400 billion by 2028–29. Speaking at the Digital Payments Awards 2025, she urged fintech companies to focus on innovation that drives financial inclusion, especially in rural areas, while also addressing cybersecurity threats such as digital frauds, deepfakes, and impersonation scams. Emphasizing the global potential of Indian fintech, she encouraged companies to not only cater to domestic needs but also scale internationally. The government, she assured, will continue to support this growth through infrastructure, regulatory aid, and policy backing.
