Role of FinTechs in Viksit Bharat @2047: A Study of Select Companies

The Viksit Bharat 2047 roadmap launched by the Government of India envisions inclusive, sustainable, and innovation-led development. Financial technology, through its role in digital payments, lending, and insurance distribution, is an essential enabler of this national transformation. India’s FinTech ecosystem is globally recognized for its speed and scale. According to the EY–DLAI report (2025) [1], India ranks third globally in the number of FinTech companies (~10,200 as of 2024) and first in digital payment transactions, accounting for 48.5% of global real-time payments. The synergy between public infrastructure (Aadhaar, UPI, Account Aggregator, and DigiLocker) and private innovation has created one of the most inclusive digital financial systems in the world.