India Fintech Blockchain Market Report, Trends and Key Drivers, Supporting Growth by 2033 (2025)

The latest report by IMARC Group,"India Fintech Blockchain Market Size, Share, Trends and Forecast by Industry, Application, End User, and Region, 2025-2033", offers a comprehensive analysis of the India Fintech Blockchain Market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The India fintech blockchain market size reached USD 101.39 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,008.85 Million by 2033, exhibiting a growth rate (CAGR) of 39.35% during 2025-2033.

India Fintech Blockchain Market Overview

India fintech blockchain is experiencing sustained momentum as banks and other financial institutions adopt decentralized technologies to provide transaction transparency and improved operational efficiency. As digital payments volumes continue to grow, blockchain is emerging as a core layer for safe, real-time processing in banking and non-banking industries. Support from the government for digital innovation, as well as the growth of the fintech ecosystem in the country, is underpinning the implementation of blockchain solutions. The market is also receiving a boost through enhanced digital infrastructure and a facilitative regulatory landscape. With blockchain becoming increasingly central to financial services, players within the industry are leveraging scalable opportunity that fosters inclusion, accountability, and trust in various financial processes.

Base Year: 2024

Forecast Years: 2025-2033

Historical Years: 2019-2024

Market Size in 2024: USD 101.39 Million

Market Forecast in 2033: USD 2,008.85 Million

Market Growth Rate (2025-2033): 39.35%
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India Fintech Blockchain Market Trends & Drivers

The market is seeing a shift towards blockchain-driven automation, and smart contracts and decentralized finance (DeFi) solutions are changing traditional financial processes. Fintech firms are employing blockchain to automate processes like credit underwriting, digital identity verification, and cross border remittances.Tokenization is gaining popularity, enabling fractional ownership of assets and increased liquidity in capital markets. Furthermore, partnerships between Indian fintech startups and international technology vendors are broadening blockchain applications. Convergence of AI and blockchain is also on the horizon, providing predictive analytics with improved security for data. All these trends are individually and collectively building blockchain as an integral part of India's new financial infrastructure.

Several drivers are fueling growth in the India fintech blockchain market, starting from the need for secure digital payment channels and transparent financial transactions. Regulatory push towards blockchain adoption, such as pilot applications in public finance and digital identity, is speeding up deployment. Increased investment by venture capital and institutional funds is driving innovation among fintech startups. In addition, the necessity to cut fraud, guarantee data integrity, and facilitate real-time settlements is driving businesses towards blockchain-based solutions. The wider aspiration of increasing financial inclusion-particularly in under-penetrated areas-is additionally motivating the establishment of affordable, blockchain-based financial services in lending, insurance, and wealth management.

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India Fintech Blockchain Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on industry, application, and end user.

Industry Insights:

•Banking
•Non-Banking Financial

Application Insights:

•Smart Contracts
•Exchanges and Remittance
•Clearing and Settlements
•Identity Management
•Compliance Management/KYC
•Others

End User Insights:

•Small and Medium Size Enterprises (SMEs)
•Large Enterprises

Regional Insights:

•North India
•South India
•East India
•West India

India Fintech Blockchain Market News:

In December 2024, web3 gaming infrastructure startup Lysto and Nazara Technologies formed an alliance in order to deliver The Growth Protocol, a Layer-1 (L1) blockchain infrastructure platform for digital growth and marketing applications, to the world. The platform, with a vision to make marketing in Web3 transparent, equitable, and monetizable, went live at India Blockchain Week in Bengaluru.The project also announced a proof-of-concept loyalty dApp for marketing games, showcasing the functional applications of blockchain in the gaming ecosystem.

In February 2024, the AlgoBharat initiative of the Algorand Foundation collaborated with T-Hub to introduce a year-long Startup Lab program for Web3 startups in India. It intends to provide technical as well as business mentorship along with pre-seed funding to 20 shortlisted startups operating blockchain solutions in industries such as healthcare, supply chain, and financial inclusion.
In March 2025, Zaggle Prepaid Ocean Services bought a 51% stake in Hyderabad-based Effiasoft for ₹41.31 crore to bolster its fintech strength. Effiasoft, which operates the JustBilling platform, has over 300 merchants in India and Southeast Asia. The deal is part of Zaggle's strategy to improve digital payment solutions and drive growth.

Key highlights of the Report:

1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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