Tag: McKinsey India

India’s fintech ecosystem, the third-largest globally, is expected to reach a scale of $70 billion in annual revenue by FY30, accounting for 18–20 per cent of the addressable financial services revenue pool, according to Elevation Capital and McKinsey India.With more than 9,000 fintechs, India is home to the third-highest number of fintechs globally and holds a 14 per cent share of Indian start-up funding. Furthermore, the report forecasts that the fintech sector is poised to generate $400 billion in value creation by 2030, indicating a 4X increase from...