The "Banking as a Service (BaaS) Market in India (2025 - 2030)" report has been added to ResearchAndMarkets.com's offering.

The Banking as a Service (BaaS) market in India was valued at INR 84.85 Bn in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6%, reaching INR 153.84 Bn by 2030.

Banking as a Service (BaaS) is a financial technology model that enables non-banking businesses, such as fintech companies, e-commerce platforms, and enterprises, to integrate banking services into their offerings through APIs. India has over 2,500 fintech startups, with this number expected to exceed 5,000 by 2030. BaaS allows third-party providers to offer financial products like digital wallets, lending, payments, and insurance without obtaining a banking license.

This growth is driven by increasing fintech-bank collaborations, regulatory support for open banking, and the rising demand for embedded finance across industries like e-commerce and SaaS. The rise of neobanks, growing consumer preference for digital-first banking, and the scalability of cloud-based BaaS solutions are further accelerating adoption. Businesses leverage BaaS to reduce costs, expand financial offerings, and enhance customer experiences.

Market trends:

The Banking as a Service (BaaS) market in India is witnessing rapid evolution, driven by several key trends. API-driven banking is becoming the backbone of fintech-bank collaborations, enabling seamless integration of financial services into non-banking platforms. The rise of embedded finance is fuelling demand for BaaS, with industries like e-commerce, SaaS, and mobility integrating payments, lending, and insurance into their ecosystems.

The growth of neobanks and digital-first financial institutions is another major trend, as they rely on BaaS infrastructure to offer customer-centric banking solutions without traditional banking licenses. Regulatory advancements, such as open banking initiatives and digital lending guidelines, are fostering innovation while ensuring compliance and security. Additionally, AI-powered banking solutions are enhancing fraud detection, personalized financial services, and operational efficiency, making BaaS more intelligent and scalable.

Growth opportunities:

India's Banking as a Service (BaaS) market presents significant growth opportunities driven by increasing digital adoption, fintech expansion, and evolving regulatory frameworks. The rising demand for embedded finance across industries such as e-commerce, logistics, and SaaS is creating new avenues for BaaS providers to offer seamless financial services like digital payments, lending, and insurance.

The SME and MSME segments remain largely underserved by traditional banking, providing a strong opportunity for fintech firms leveraging BaaS to offer tailored financial solutions. Neobanks and digital-first banking models are also on the rise, driving further demand for BaaS platforms to provide infrastructure for account management, credit services, and wealth management.

Key Topics Covered:

Chapter 1: Executive Summary

Chapter 2: Socio-Economic Indicators

Chapter 3: Introduction

3.1. Market Definition and Structure

3.2. Container Market in India - Value Chain Analysis

Chapter 4: Market Overview

4.1. Banking as a Service (BaaS) Market in India - An Overview

4.2. Market Size and Growth Forecast Based on Value (2022 - 2030e)

4.3. Current Market Scenario

Chapter 5: Market Influencers

5.1. Market Growth Drivers

5.2. Market Challenges

Chapter 6: Government Initiatives

6.1. Key Initiatives by the Government that Support the BaaS Market in India

Chapter 7: Competitive Landscape

7.1. BrokenTusk Technologies Private Limited

• Company Information
• Business Description
• Products/services
• Key People

7.2 Better World Technology Private Limited

7.3 Cashfree Payments India Private Limited

7.4 Finacus Solutions Private Limited

7.5 Finezza Information Technologies Private Limited

7.6 Finnew Solutions Private Limited

7.7 Open Financial Technologies Private Limited

7.8 Perfios Software Solutions Private Limited

7.9 Razorpay Software Private Limited

7.10 Zolve Innovation Private Limited

Chapter 8: Emerging Startups

8.1. Emerging Startups in India's Banking as a Service (BaaS) Market

Chapter 9: Recent Developments

9.1. Key Recent Developments

Chapter 10: Appendix

For more information about this report visit https://www.researchandmarkets.com/r/n71juf

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250919134450/en/