What stands out on the Indian side is the unparalleled digital and identity stack and aggregator framework, and there are many mechanisms of unparalleled scale.
As the India-UK Free Trade Agreement (FTA) nears the finish line, fintech leaders from both countries who participated in Global Fintech Fest 2025 (GFF) on Thursday felt that Indian fintech companies could benefit from Britain’s deep capital pool and innovation framework, while their UK counterparts could benefit from India’s unparalleled digital and identity stack and the aggregator framework.
Britain has a very sophisticated and deep capital pool. It is also at the forefront of global innovation and has the full open banking API framework. What stands out on the Indian side is the unparalleled digital and identity stack and aggregator framework, and there are many mechanisms of unparalleled scale.
If a UK company can leverage India’s tech stack and, conversely, if Britain enables easier access to the capital pool for Indian companies, then it will unlock potential,” said Paroma Chatterjee, CEO of Revolut India, while speaking at a panel discussion on “How Britain and India can pursue further fintech collaboration and alignment of regulations after India-UK FTA” on the closing day of Global Fintech Fest 2025 (GFF), Thursday.
Senior executives from Revolut, Wise, Innovate Finance and Paysecure Technology felt that while India offers scale, digital infrastructure and cost efficiency, Britain offers capital depth, regulatory frameworks and proximity to Europe, making the partnership inherently complementary. These fintech leaders from both countries urged governments and companies to act quickly and decisively to unlock the corridor’s full potential.
Amit Hooja, Founder and CEO of Paysecure Technology, says: “The Indian fintech market is ten times the size of Britain, but if you look from an investment perspective, the investment that has gone into the Indian ecosystem is five times less. You can achieve more with the value of your dollar coming from Britain to India by locating companies here. The size you gets is amazing. After the US, this is the only market where there is enormous scale.”
Similarly, the panellists felt that UK fintechs coming to India will not only have access to a huge Indian market, but India could be positioned as a regional hub for UK fintechs expanding into the Asia-Pacific region. Tracy Brabin, Mayor of West Yorkshire, made a direct appeal to Indian companies looking to expand globally. “We are a magnet for unicorns,” Brabin said. “West Yorkshire has one of the strongest talent pipelines in the UK and direct access to European markets. UK businesses can in turn benefit from India’s world-class technological capabilities.”
Janine Hirt, CEO of Innovate Finance, highlighted the strong rise in fintech employment in Britain, arguing that joint growth strategies could further boost job creation. “By 2024, fintech was the fastest growing segment within UK financial services – growing 37 per cent in jobs,” she said. “There is a real opportunity to scale this up further through coordination between Britain and India.”
SK Saragoi, Head of APAC Expansion at Wise, who pointed out the need for smoother movement of talent across borders. “Greater mobility of talent between India and Britain is no longer a nice-to-have; it is critical to supporting the kind of growth this sector is capable of,” Saragoi said.
More like this
Published on October 9, 2025
#Industry #leaders #growth #crossborder #trade #Indias #FinTech #scale #meets #British #capital #innovation