ACCA-金融科技作为增长的催化剂：印度的经验教训（英）

FINTECH AS A CATALYSTFOR GROWTH: LESSONSFROM INDIAForewordFintech –the coming together of financial services and digital technology – is a key growth sector in India, with an adoption rate of 87%, significantly higher than the global average of 64%. India is the third-largest and fastest-growing fintech market globally. India's success in leveraging innovative financial technologies provides valuable insights into fintech's potential for driving inclusive and sustainable growth worldwide. Building on a sectoral survey of fintech users (individuals and businesses), supported by consultations with fintech providers, policy influencers and finance professionals, this report is part of ACCA’s public-value agenda, contributing insights on the growing role of fintech in India’s socio-economic development. Through this research, ACCA highlights the current drivers of fintech growth in India and users’ perceptions of its growth prospects across three key sectors: education, energy, and financial services. It also outlines the key future opportunities and risks/concerns.Mindful of the importance of collaboration for this technology’s evolving potential to foster inclusivity, the report specifies the roles of key players: finance professionals, regulators and fintech providers in harnessing these opportunities and managing the associated risks. We look forward to maximising the findings of this research to increase the penetration of fintech in India further, by building capacity among finance professionals and liaising with other stakeholders to provide the required support. With regulatory clarity, collaborative efforts between finance professionals, fintech providers and regulators, and a commitment to continued development and adaptation fintech can thrive, driving sustainable growth. Md. Sajid Khan Director – IndiaACCA2EXECUTIVE SUMMARY 41. INTRODUCTION 62. FINTECH FORWARD: ANALYSING USER SENTIMENTS TODAY & TOMORROW 103. EXPLORING THE FUTURE: OPPORTUNITIES AND CHALLENGES 194. PATH TOWARDS GROWTH: ROLE OF PRACTICE AND POLICY 24 4.1 Role of finance professionals 25 4.2 Role of the regulator 27 4.3 Role of fintech providers 29APPENDIX 1: DEFINITIONS OF FINTECH PRODUCTS AND SERVICES 30APPENDIX 2: ACKNOWLEDGEMENTS 31Contents3Executive summaryFINTECH AS A CATALYST FOR GROWTH: LESSONS FROM INDIA | EXECUTIVE SUMMARY Financial technology – fintech – has improved money circulation by making financial transactions faster and easier, enabling easy access to credit, tokenisation of assets and similar developments. By addressing inefciencies in the traditional financial system, fintech has enhanced productivity, boosting economic growth. India’s fintech has set an example globally, providing zero transaction costs and high-speed transactions, both essential for emerging economies. Government-provided digital ID (Aadhaar) for every resident has become part of the foundational infrastructure for access to financial services.What makes fintech so disruptive? The answer lies l