Each of these ventures is at a point of big change and growth over the next 12 months and beyond—from payments and lending to fintech software
Digital payments, the biggest fintech segment right now, will continue to see the strong growth of recent years, touching an estimated $153 billion in transaction value in 2023, compared with $133 billion in 2022, according to data from Statista
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As India’s innovation-with-regulation experiment in fintech enters 2023, we are likely to see companies emerge that will change how we see various aspects of finance—from loans for small purchases to financial software for large businesses. Emerging new models will likely see traction on the back of the phenomenal public-private infrastructure that is evolving in financial services, but also in the broader area of all digital services.