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The Growth and Future of Fintech in India

StartupTalky · 10m

India's fintech sector is set for a significant transformation in 2024. The industry is expected to experience moderate growth in funding activity, with a focus on super apps that offer a wide range of financial services. PhonePe's decision to redomicile to India has inspired other startups to consider similar moves. Paytm's layoffs based on AI-related reasons could indicate a trend of streamlining operations through technology. Jio Financial Services is expected to wield more influence in the industry. Digital lending, blockchain technology, embedded finance, and innovations in payment technology are anticipated trends. The use of AI and machine learning will revolutionize personalized finance and automated processes. Voice-based payments, insurtech growth, embedded finance, green fintech, and open banking are also expected to shape the Indian fintech landscape in the coming year.