This blog discusses foreign direct investment (FDI) in India's FinTech sector, its effects, current fundings in this sector, and the regulatory environment that oversees it. With over 2,000 FinTech businesses officially recognized by DPIIT (Department for Promotion of Industry and Internal Trade), the Indian FinTech sector is experiencing exponential growth. India is the second-highest financed territory in the FinTech sector after the United States in Q1 2023, according to Tracxn's Geo Quarterly FinTech India Report - Q1 2023. Impact of FDI in the FinTech Space in IndiaThe Indian economy has been significantly impacted by FDI in the FinTech sector. Regulations for FDI in India's FinTech SectorThe Foreign Exchange Management Act (FEMA) and Reserve Bank of India (RBI) rules control FDI in the FinTech sector in India.

Source: The Hindu May 29, 2023 12:03 UTC