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Economic Survey 2025: FinTechs at GIFT IFSC gain momentum, 60 registered so far

Gujarat based GIFT-IFSC, a financial sector and special economic zone saw 60 FinTech registrations as per the Economic Survey 2025. GIFT IFSC has improved its FinTech rankings, climbing four places to rank 45. The innovation hub is giving them the advantage of regulatory sandboxes to test emerging technologies such as AI-driven financial services, embedded finance, …

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Mobile wallets make a big comeback as numbers return

Mobile wallets are regaining traction in India. Global fintechs like Revolut and Tide are seeking licenses, while domestic players are entering the market. Transaction volumes are recovering after Paytm Payments Bank’s shutdown. New use cases, interoperability with UPI, and a focus on security are driving growth.