New Delhi : India’s fintech ecosystem has witnessed the entry of over 10,000 new players in the past decade, which have raised nearly $200 billion in total capital, but a smaller number of platforms are emerging as dominant nodes, a report said on Tuesday.

India’s fintech sector is at a critical inflexion point, influenced by open digital public infrastructure, progressive regulation, and a vast underserved consumer base, the report from Beams Fintech Fund and Alvarez & Marsal said. Read Also UK PM Keir Starmer Arrives In Mumbai For 2-Day India Visit, Bilateral Talks With PM Modi, Fintech...

The report identified a dual dynamic driving the market. Interoperable frameworks like UPI, Aadhaar, and the Account Aggregator ecosystem have facilitated deep inclusion and rapid innovation, but

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