Finance markets

India Integrated Financial Markets and Investment Opportunities Report 2022: Market Expected to Grow by 46% to $4,801.8 Million in 2022 – Forecast to 2029

DUBLIN, March 09, 2022–(BUSINESS WIRE)–The report “India Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” has been added to from offer.

India’s integrated finance industry is expected to grow by 46.0% on an annual basis to reach US$4,801.8 million in 2022.

The integrated finance industry is expected to grow steadily over the forecast period, registering a CAGR of 30.4% over the period 2022-2029. The integrated financial revenue in the country will grow from US$4,801.8 million in 2022 to US$21,127.5 million by 2029.

In recent years, the concept of integrated insurance has gained popularity in the Indian insurance market. The publisher expects integrated insurance to be a game-changer for the Indian insurance industry over the forecast period.

In recent quarters, on-board insurance has emerged as a promising distribution innovation for insurers. Companies such as Ola, MakeMyTrip, and Amazon create contextual insurance products as part of their core purchase journeys.

India has witnessed a massive demand for integrated insurance services in the travel industry in recent quarters. Mobility companies such as Ola and IRCTC are just a few of the names offering integrated insurance products for travelers in the country.

Increasing government support and product innovation in the Indian insurance industry is expected to propel the market growth in the short to medium term. To further accelerate their growth and reach more customers in India’s Tier II and III cities, insurtech companies are raising funds.

  • In September 2020, Acko, the Indian insurtech startup, raised US$60 million in its Series D funding round, bringing the company’s fundraising to US$200 million to date. The publisher expects more insurtech companies to raise capital over the next four to eight quarters to expand their portfolio and market share in India.

Additionally, the digital lending industry is undergoing a massive transformation due to increased digitalization, accelerated by the global pandemic. The Indian fintech industry has become a hotbed of global innovation. The increasing adoption of advanced technologies has been witnessed in the Indian lending industry. Furthermore, the establishment of the Open Credit Enablement Network (OCEN) will democratize the lending ecosystem and also foster innovations in credit products in the country.

In recent quarters, fintech companies have gained huge popularity among customers nationwide. To further accelerate their growth, fintech companies are introducing new technologies and enhanced product features to enhance the customer experience.

  • In September 2021, India-based fintech player FinBox launched Account Aggregator (AA). FinBox would be able to access and more accurately onboard approximately one million new applicants, which would improve operations.

Traditional banks and new-era fintechs are collaborating to innovate profitable lending technologies and leverage fintech’s niche expertise in the lending market.

  • Indian finance and investment firm IIFL has partnered with FinBox, an Indian fintech. Through this partnership, IIFL will offer digital credit avenues to its merchants, B2B e-commerce merchants, using FinBox’s integrated buy-it-now, pay-later (BNPL) and working capital credit products.

The publisher expects an increase in the number of partnerships and product development to fuel the growth of the Indian integrated lending market over the next four to eight quarters.

In India, the embedded payments industry is undergoing a massive transformation due to the explosive growth of digitalization, mainly accelerated by the global pandemic. The Indian payments industry has become a hotbed of global innovation. The increasing adoption of advanced technologies has been witnessed in the Indian lending industry.

Companies in the integrated payments marketplace ecosystem are raising funds to ensure the continued evolution of their product offerings. The additional features of the product will enable market players to gain a competitive advantage.

  • In December 2021, Indian fintech company Rupifi raised venture capital debt from Trifecta Capital. Rupifi plans to use the funds to expand the company’s existing B2B credit and payment offerings for small businesses operating in B2B marketplaces.

This report provides detailed, data-driven analysis of market opportunities in more than 50 integrated finance industry segments spanning lending, insurance, payments and wealth.


India Integrated Finance Market Size and Forecast

India Embedded Lending Market Size and Forecast

Embedded Loans by Consumer Segments, 2020 – 2029

  • Business loans

  • Retail loan

Integrated loans by B2B sectors, 2020 – 2029

  • Retail and consumer goods integrated lending

  • Loans embedded in IT and software services

  • Integrated loans in media, entertainment and leisure

  • Loans integrated into manufacturing and distribution

  • Loans integrated into real estate

  • Loans included in Other

Integrated loans by B2C sectors, 2020 – 2029

  • Retail Integrated Lending

  • Integrated Home Improvement Loans

  • Loans integrated into leisure and entertainment

  • Loans integrated into health care and well-being

  • Loans included in Other

India Integrated Insurance Market Size and Forecast

Integrated insurance by industry, 2020 – 2029

  • Insurance embedded in consumer products

  • Integrated travel and hospitality insurance

  • Integrated car insurance

  • Insurance integrated into health care

  • Integrated insurance in real estate

  • Integrated transport and logistics insurance

  • Insurance integrated into other

Integrated insurance by type of insurance, 2020 – 2029

Integrated insurance by type of offer, 2020 – 2029

India in-app payments market size and forecast

Integrated payment by consumer segments, 2020 – 2029

Integrated payment by end-use sector, 2020 – 2029

  • Integrated payment in retail and consumer goods

  • Integrated payment in digital products and services

  • Payment integrated into utility bill payment

  • Integrated Payment in Travel and Hospitality

  • Integrated payment in leisure and entertainment

  • Integrated payment in health and well-being

  • Integrated payment in office supplies and equipment

  • Embedded payment in Other

India Integrated Wealth Management Market Size and Forecast

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