Fintech & Cybersecurity in India

The Government of Ontario is holding a webinar to discuss opportunities in India’s fintech and cybersecurity markets, sectors bolstered by more than 750 million Internet users and 600+ million smartphone users.

As India embraces a digital economy, cybersecurity threats like identity theft and ransomware have grown. Cyber-related crimes have particularly impacted banking, financial services and insurance, critical infrastructure, and e-commerce. The Indian e-commerce market is anticipated to be valued at C$270 billion by 2026, which increases the urgency to address security issues related to digital transactions in the country.

The Indian fintech sector is also expected to experience long-term growth, spurred by a young, tech-savvy population, an expanding consumer base, and government digitalization efforts. India’s fintech sector is focused on digital lending, digital payments, insurtech, wealthtech, and blockchain. Indian fintechs will generate C$257 billion by 2030, with more than 65% of fintech CEOs prioritizing partnerships. The government’s path toward a cashless economy, which accelerated during the pandemic, fueled demand for financial technologies.

The program will cover:

• The experience of cybersecurity and fintech companies doing business in India;
• Opportunities and strategies for Ontario companies to sell technologies to Indian companies;
• Collaboration opportunities with Indian stakeholders involved in fintech and cybersecurity;
• Advice from industry experts and Ontario government staff on market-entry and growth strategies; and • Preliminary details of an Ontario government cybersecurity and fintech export business mission to the Bengaluru Tech Summit in 2024.

Contact: Fawzia Sheikh, Fawzia.Sheikh@ontario.ca, Tel: 1-647-262-2593