According to Gaurav Jalan, founder and CEO of mPokket, the growth is expected to continue at this pace and accelerate further in the next five years.

"The major development is going to be the use of artificial intelligence. Given the rapid advancements in AI, many new business models will become viable, and customer needs will be met even more efficiently," Jalan told IANS. ,

According to a recent report by leading market intelligence platform Traxon, India has ranked third globally in terms of funding raised for the fintech sector in the first quarter (Q1) of this year.

Additionally, Rishabh Goyal, Co-Founder and CEO, Credgenix, said, “We look forward to policies that enable ease of doing business, nurture tech startups with continued access to funding and protect intellectual property. "Does it."

He also noted that the focus on sustainable infrastructure development, large-scale skill enhancement and bridging the gap in digital connectivity “will provide the necessary impetus for businesses to scale up and thrive”.