1、FINTECH AS A CATALYSTFOR GROWTH:LESSONSFROM INDIAForewordFintech the coming together of financial services and digital technology is a key growth sector in India,with an adoption rate of 87%,significantly higher than the global average of 64%.India is the third-largest and fastest-growing fintech ma

2、rket globally.Indias success in leveraging innovative financial technologies provides valuable insights into fintechs potential for driving inclusive and sustainable growth worldwide.Building on a sectoral survey of fintech users(individuals and businesses),supported by consultations with fintech pr

3、oviders,policy influencers and finance professionals,this report is part of ACCAs public-value agenda,contributing insights on the growing role of fintech in Indias socio-economic development.Through this research,ACCA highlights the current drivers of fintech growth in India and users perceptions o

4、f its growth prospects across three key sectors:education,energy,and financial services.It also outlines the key future opportunities and risks/concerns.Mindful of the importance of collaboration for this technologys evolving potential to foster inclusivity,the report specifies the roles of key play

5、ers:finance professionals,regulators and fintech providers in harnessing these opportunities and managing the associated risks.We look forward to maximising the findings of this research to increase the penetration of fintech in India further,by building capacity among finance professionals and liai

6、sing with other stakeholders to provide the required support.With regulatory clarity,collaborative efforts between finance professionals,fintech providers and regulators,and a commitment to continued development and adaptation fintech can thrive,driving sustainable growth.Md.Sajid Khan Director Indi