India, Dec. 19 -- As 2025 heads into its final stretch, fintech in India finds itself at a defining moment, shaped by shifting regulations, sharper business models and a renewed push for sustainable growth.

Payments banks such as Airtel Payments Bank and Fino have begun moving toward the small finance bank pathway, signalling a shift from narrow digital rails to full-scale banking ambitions. Large payments players like Razorpay, Airpay and Cashfree Payments, having built depth across domestic payments, are widening their canvas - their move into cross-border remittances comes at a time when India's outward remittance market reached more than $29 Bn annually in FY25.

Wealthtech and digital payments continued to deepen their presence in t...