FinTech In India: Opportunities and Challenges

Abstract

The FinTech sector in India has grown rapidly due to technological advancements, digital penetration, and supportive government initiatives. This paper examines the growth of FinTech in India, highlighting key opportunities such as digital payments, AI-driven financial services, and blockchain technology, while also addressing major challenges including regulatory issues, cybersecurity risks, and low financial literacy. The study emphasizes the need for balanced regulation, strong security systems, and innovation to ensure sustainable growth and financial inclusion.