FinTech Mergers and Acquisitions in India: Rethinking Competition and Regulatory Oversight in the Age of AI
Amazon executed a $200M acquisition of BNPL lender Axio in early 2025 to expand into Indian digital lending.
Reserve Bank of India
Central bank · IN · 14 documents
Key number
1.34 billion transactions
June 2020 UPI transaction volume. OpenAlex (recherche mondiale) p.2
From Digital Transactions to Formal Credit: A Review of FinTech-Enabled MSME Financing in India
The study gathers primary data using a structured questionnaire administered to a sample size of 100 respondents from MSMEs.
A Study on the Role of India Post Payments Bank in Promoting Financial Inclusion in Rural India
During FY 2024–25, IPPB operated more than 1.64 lakh banking access points and 649 banking outlets across the country.
Unified Payment Interface: Towards Greater Cyber Sovereignty
In June 2020, UPI recorded more than 1.34 billion transactions amounting to almost US$35 billion.
Beyond Account Ownership: Financial Inclusion, Digital Banking Use and Inclusive Development in Jalgaon District, Maharashtra
The source material reports a dataset of 540 observations across Jalgaon district.
Technology, Regulation, and the Divergent Trajectories of Retail and Cross-Border Central Bank Digital Currency
A Scopus bibliometric search conducted on 8 October 2026 retrieved 1,418 records, from which 1,045 were retained for critical analysis.
Citizen-Majority Tokenized Ownership for MSME Revival in India: The G-CMTO Model Integrating Blockchain, the e-Rupee and the MicroSME–Blockchain Index
India's MSMEs generate 31.1% of GDP and 48.58% of exports, yet face an addressable credit gap of roughly ₹30 lakh crore.
Regulatory and Supervisory Modernisation Principles: Consultation Report
A stocktake conducted by the FSB gathered 126 modernisation efforts from 24 jurisdictions and 3 SSBs across various financial sectors and entity types.
Technology Solutions to Support Central Bank Digital Currency with Limited Connectivity: A Review of Existing Approaches
In a 2023 BIS survey, almost all surveyed central banks reported considering offline CBDC payments to be vital or advantageous.
Growing Retail Digital Payments: The Value of Interoperability
Unified Payments Interface (UPI) processes more than 18 billion transactions per month in India.
Central Bank Digital Currency Adoption: Inclusive Strategies for Intermediaries and Users
In Nigeria, 98.5 percent of eNaira wallets remained unused one year after launch.
Central Bank Digital Currency's Role in Promoting Financial Inclusion
Financial inclusion is a top priority, with about 60 percent of emerging and low-income countries considering it one of their top three motivations for issuing a retail CBDC.
Institutional Arrangements for Fintech Regulation: Supervisory Monitoring
In Ghana, the growth of mobile money increased access to financial services for unbanked demographics, with 35 percent of adults in rural areas reporting having used the service between 2014 and 2017.
Towards Central Bank Digital Currencies in Asia and the Pacific: Results of a Regional Survey
By August 2021, total crypto asset volume had grown by 230 percent year over year in Asian emerging market economies.