As the country’s digital infrastructure deepens, the focus must remain on ensuring that underserved communities have equitable access to these tools, bridging gaps in trust, awareness, and reach.
FinTech BizNews Service
Mumbai, August 20, 2025: Today is National Fintech Day, which is celebrated on every August 20th.
Let’s know the useful insights from the industry leaders for the Fintech sector:
Anand Kumar Bajaj, Founder, MD & CEO, PayNearby:
“Fintech in India has evolved from being a niche urban convenience to a nationwide enabler of economic participation. The sector is driving inclusion, innovation, and transparency, with homegrown solutions transforming how people save, borrow, insure, and transact. As the country’s digital infrastructure deepens, the focus must remain on ensuring that underserved communities have equitable access to these tools, bridging gaps in trust, awareness, and reach.
At PayNearby, we believe that real impact happens when financial and digital services are delivered at the last mile, in the heart of every community. Through our Distribution as a Service network, we equip neighbourhood retailers and women entrepreneurs to provide banking, credit, insurance, commerce, and more to every corner of Bharat. On National Fintech Day, we reaffirm our commitment to building a future where every household can participate confidently and securely in the digital economy.”
Jayatri Dasgupta, CMO, PayNearby & Program Director, Digital Naari:
“Fintech is redefining access to opportunity by breaking barriers of geography, literacy, and infrastructure. For women in rural and semi-urban Bharat, this access is not only about financial transactions but also about agency, independence, and the ability to contribute to household and community well-being. With the right tools, training, and networks, women can become powerful drivers of economic growth and social change.
Through Digital Naari, we are enabling women entrepreneurs to offer services such as banking, credit, healthcare, hygiene, and assisted e-commerce, creating sustainable livelihoods at the grassroots. This model not only supports household incomes but also strengthens community resilience and trust in the formal economy. On National Fintech Day, we celebrate the potential of fintech to create inclusive growth and we remain committed to ensuring that women are central to this journey.”
Akshay Mehrotra, Co-Founder and Group CEO, Fibe:
“India’s fintech landscape has rapidly evolved, and Fibe has played a pivotal role in this transformation. In a short span of time, we’ve scaled from pioneering digital-first lending to leading the market, making credit simpler, transparent, and accessible for the middle-income workforce. Lending at Fibe is more than a product, it’s a catalyst for aspirations and resilience, empowering people to access healthcare, education, and fulfill life goals with confidence. Today, credit is an everyday partner, enabling progress beyond emergencies. Building on this impact, we’re expanding our range with innovative liquidity solutions, secure savings, payments, and green financing, creating a holistic financial ecosystem. By blending technology with a customer-first approach, Fibe remains dedicated to inclusive, responsible, and transformative financial solutions for a new India.”
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.”
Dilip Modi, Founder & CEO of Spice Money
“As we celebrate National Fintech Day, it is important to reflect on how far India has come in reshaping its financial landscape. Over the past decade, fintech has grown into one of the strongest pillars of our economy, enabling millions of citizens, especially in semi-urban and rural regions, to access banking, payments, credit, and insurance with ease.
What was once a challenge of physical access has now become a story of digital empowerment. Platforms such as UPI, Bharat Connect, AePS have built a truly inclusive foundation, allowing even the smallest entrepreneur in rural Bharat to transact, save, and grow with dignity. Fintech has not only removed the friction of transactions but has also democratized opportunities that were once limited to urban India.
At Spice Money, we see this transformation every day through our Adhikari network, which is bringing financial services directly to the doorsteps of villages and small towns. As we look ahead, we believe the next wave of impact will come from AI for Rural (AIR). By combining fintech with the power of artificial intelligence, we can enable smarter credit decisions, personalized financial advice, and enhanced last-mile service delivery, ensuring that rural citizens are not just connected, but truly empowered.
On this National Fintech Day, I strongly believe fintech, strengthened by AIR, will continue to drive India’s journey towards becoming a truly inclusive and digitally powered economy.”
Rahul Pagidipati, CEO, ZebPay
"India’s fintech story has continued to strengthen, with the country securing the third spot globally in fintech funding, as highlighted by a Tracxn report, underscoring the resilience of India’s fintech ecosystem. This strength is being driven by expanding digital infrastructure and increasing consumer trust, paving the way for deeper financial inclusion across the country.
The sector has been accelerating the adoption of transformative technologies like AI and blockchain as well, which are reshaping how financial services are delivered. Innovations in payments, from UPI’s growing global footprint to the entry of conversational and social payments, are driving unparalleled convenience. At the same time, wealth management and investment platforms are empowering first-time investors from Tier 2 and Tier 3 cities, broadening participation in the financial ecosystem. These advances are not only making financial services more efficient but also truly democratising access, ensuring that millions of Indians, regardless of geography or income, can participate in the digital economy.
As we celebrate National Fintech Day, it is a reminder that collaboration between innovators, regulators, and financial institutions is key to building a secure, inclusive, and future-ready fintech ecosystem, one that will continue to fuel India’s journey as a global leader in digital finance."
