Today August 20th, India marks National Fintech Day, celebrating how financial technology has moved from a niche convenience to the backbone of everyday commerce and inclusion. In just a few years, the ecosystem has layered innovations on India’s Digital Public Infrastructure, like UPI, Aadhaar, and the Account Aggregator framework, bringing digital payments, credit, investments, and insurance to both metros and the smallest towns. Regulators and industry are working in tandem, powering growth and jobs, and also widening access and trust in India’s financial system.
By – Sundeep Mohindru, Promoter & Director of M1xchange
“Fintechs have emerged as a driving force in shaping India’s economic future. By embracing cutting-edge technology and innovation, they have transformed the way business is done, from simplifying payments, streamlining processes, and creating holistic solutions that empower every stakeholder in the economy. Their technology-driven, solution-oriented approach has not only reduced the cost of doing business for financial institutions and consumers but has also accelerated India’s digital journey, advancing financial inclusion and turning the government’s vision of a Digital India into reality.
At M1xchange, we are part of this transformation by bringing affordable, collateral-free liquidity to the backbone of the nation, the MSMEs. By enabling timely and cost-effective access to finance, we are lowering the cost of doing business for enterprises while helping financial institutions achieve their financing goals efficiently. On National Fintech Day, we reaffirm our commitment to harnessing innovation to build a more inclusive, resilient, and growth-oriented economy for India.”
By – Mr. Ankur Pandey, Co-Founder and CTO, Signzy
“India’s fintech journey has never been just about speed or scale — it’s about solving real problems for real people. With innovations in AI, RegTech, the digital rupee, and open banking, the sector is rewriting how financial services can be more inclusive, resilient, and globally competitive. Backed by rapid growth and a projected market value of $990 billion by 2032, India is not only shaping the future of finance at home but is emerging as a blueprint for technology-led growth worldwide.”
By – Mr. Sanjay Tripathy, CEO & Co-founder, BRISKPE, a cross-border payments platform
“National Fintech Day is a reminder of how technology is transforming India’s economy and empowering MSMEs from big cities to small towns to compete globally. Digital platforms are breaking down barriers, helping small businesses access international markets and manage cross-border payments smoothly, even during uncertain times. Fintechs are driving financial inclusion by enabling rural consumers, producers, and micro-enterprises to actively participate in the digital economy. In FY 2024-25, India hit a record $824.9 billion in exports, driven by a strong rise in services. MSMEs played a key role, using fintech to grow beyond borders. At the same time, over 65,000 crore digital transactions helped bring micro-enterprises and rural merchants into the digital fold. As India’s trade, e-commerce, and remittances grow, fintech innovations like AI-driven compliance and smart payment systems will power this boom, building a more inclusive, resilient, and globally competitive economy that benefits every business and community.”