{"id":3160,"date":"2025-05-21T01:23:57","date_gmt":"2025-05-21T01:23:57","guid":{"rendered":"https:\/\/tat.capital\/?p=3160"},"modified":"2025-07-15T01:45:28","modified_gmt":"2025-07-15T01:45:28","slug":"indias-banking-challenges-in-the-fintech-era-and-the-role-of-aussie-firms","status":"publish","type":"post","link":"https:\/\/tat.capital\/?p=3160","title":{"rendered":"India\u2019s banking challenges in the fintech era, and the role of Aussie firms"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3160\" class=\"elementor elementor-3160\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a5ce820 e-flex e-con-boxed e-con e-parent\" data-id=\"a5ce820\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-54f72d0 elementor-widget elementor-widget-heading\" data-id=\"54f72d0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">India\u2019s banking challenges in the fintech era, and the role of Aussie firms<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17e196d hfe-post-info-layout-inline elementor-widget elementor-widget-post-info-widget\" data-id=\"17e196d\" data-element_type=\"widget\" data-widget_type=\"post-info-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"hfe-post-info-inline hfe-post-info-items hfe-post-info\">\n\t\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-210ce29 hfe-post-info-inline-item\" itemprop=\"datePublished\"> \n\t\t\t\t\t\t\t<a href=\"https:\/\/tat.capital\/?m=20250521\">\n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-date\">\n\t\t\t\n\t\t\t\t\t\t\tMay 21, 2025\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-ead623c hfe-post-info-inline-item\"> \n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-time\">\n\t\t\t\n\t\t\t\t\t\t\t1:23 am\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00b3656 elementor-widget elementor-widget-text-editor\" data-id=\"00b3656\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Indian FinTech&nbsp;industry is without doubt growing at an outstanding pace, giving the&nbsp;highest RoI of 29%&nbsp;against the global average of 20.1%. (Source: PwC &#8211; Redrawing the Lines &#8211; 2017). Statista reports that the transaction value of the Indian fintech market is $44,068mn in 2017, with an expected CAGR of 20.2% to reach $91,999mn by 2021.<\/p>\n<p>With governmental reforms including demonetisation, Digital India, Aadhaar, GST, financial inclusion, etc., the scope for further initiatives and innovations in this sector looks more promising. As per Nasscom, the Indian fintech software market is expected to reach $2.4 bn by 2020, doubling its existing market size of $1.2 bn; the total Indian fintech market is currently valued at $8 bn, with an expected growth rate of 1.7 by 2020.&nbsp;<span style=\"font-style: inherit; font-weight: inherit;\">With such economic impacts backed up by the demand of a large user base, let\u2019s look at the prominent focus areas in India\u2019s fintech market, and the companies that offer these services:<\/span><\/p>\n<p>Fastest growing fintechs &amp; their sector focus:<\/p><p><span style=\"color: rgb(30, 41, 59); font-size: 2.25rem; font-style: inherit;\">Payments:<\/span><\/p>\n<p>One of the well-performing and largest sub-niches of the Indian fintech market is Digital Payments, wherein the transaction value totals to $43,831mn in 2017. Services including Mobile\/online payment solutions, such as wallets, P2P transfer and points of sale (PoS) are witnessing highest user adoption, heavily benefitting the SMEs.<\/p>\n<p><\/p>\n<p>Government programs including Unified Payments Interface (UPI) and India Stack (APIs to create presence-less, paperless, and cashless solutions) have also played an instrumental role in the nation\u2019s shift toward mobile payments. As per&nbsp;<a href=\"https:\/\/www.pwc.in\/assets\/pdfs\/publications\/2017\/fintech-india-report-2017.pdf\" target=\"_blank\" rel=\"noopener\">PwC\u2019s Fintech India Report 2017<\/a>, this digital payments sector is estimated to grow to USD 500 billion by 2020, representing around 15% of GDP in 2020.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82eeeff elementor-widget elementor-widget-button\" data-id=\"82eeeff\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/tat.capital\/wp-content\/uploads\/2025\/06\/India-s-banking-challenges-in-the-fintech-era-and-the-role-of-Aussie-firms.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read Full Insights<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>India\u2019s banking challenges in the fintech era, and the role of Aussie firms May 21, 2025 1:23 am Indian FinTech&nbsp;industry [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3800,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_canvas","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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