Greater harmonisation and a more unified approach among India’s fintech regulatory sandboxes could further advance sectoral innovation. India’s fintech sector has lately witnessed remarkable growth, reaching US$ 689 billion in 2023 and is projected to hit US$ 2.1 trillion by 2030, increasing at an 18 percent CAGR between 2023 to 2030. Digital transformation of finances, driven by smartphone adoption, UPI, and financial inclusion initiatives, has boosted digital payments, expected to potentially reach USD 7 trillion by 2030.