India’s fintech industry has grown rapidly in the last two years, and has come to dominate the fintech landscape across the continent of Asia. Just how dominant it has become is revealed in a new report by the Robocash Group, and confirmed by an earlier report by management consultancy Bain & Co. According to the Robocash Southeast Asia Fintech Index, which surveyed four fintech sectors (payments, alternative lending, e-wallets and digital banking) across nine countries in the Southeast Asia region, (India, Sri Lanka, Pakistan, Bangladesh, Singapore, Indonesia, Malaysia, Vietnam and the Philippines) the number of fintechs in India that cover those four sectors amounted to 541 at the end of 2022, accounting for 43 per cent of the total number of such fintech companies in Southeast Asia.
