What stands out from the India side is the unparalleled digital and identity stack and the aggregator framework and there are a lot of mechanisms of unparalleled scale.
With the India-UK Free Trade Agreement (FTA) approaching the finish line, fintech leaders from both countries participating at Global Fintech Fest 2025 (GFF), on Thursday, felt that Indian fintech companies could benefit from UK’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.
The UK brings a very sophisticated and deep capital pool. It is also at the cutting-edge of global innovation and has the entire open banking API framework. What stands out from the India side is the unparalleled digital and identity stack and the aggregator framework and there are a lot of mechanisms of unparalleled scale.
If a British company can leverage the tech-stack of India and, vice versa, if the UK allows easier access to the capital pool for Indian companies, then it will unlock potential,” says Paroma Chatterjee, CEO, Revolut India, while speaking on a panel discussion on “How UK and India can aim to further fintech collaboration and regulatory alignment post the India-Uk Free Trade Agreement” on the concluding 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, the UK delivers capital depth, regulatory frameworks, and proximity to Europe — making the partnership inherently complementary. These fintech leaders from both nations urged governments and businesses to act quickly and decisively to unlock the full potential of the corridor.
Amit Hooja, Founder and CEO, Paysecure Technology, says, “The Indian fintech market is 10 times the size of the UK, but if you look from an investment perspective, the investment that has gone into the Indian ecosystem is five times less. You are able to achieve more with your dollar value coming from the UK to India, establishing businesses here. The scale that you get is amazing. After the US, this is the only market where there is massive scale.”
Similarly the panelists 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 British 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’re a magnet for unicorns,” Brabin said. “West Yorkshire has one of the UK’s strongest talent pipelines and direct access to European markets. British companies, in turn, can gain from India’s world-class tech capabilities.”
Janine Hirt, CEO of Innovate Finance, spotlighted the UK’s employment surge in fintech, arguing that joint growth strategies could further fuel job creation. “In 2024, fintech was the fastest-growing segment within UK financial services — 37 per cemt growth in jobs,” she said. “There’s a real opportunity to scale that further through UK-India alignment.”
SK Saragoi, Head of APAC Expansion at Wise, who pointed to the need for smoother talent movement across borders. “Greater talent mobility between India and the UK is no longer a nice-to-have — it’s critical to sustaining the kind of growth this sector is capable of,” Saragoi said.
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Published on October 9, 2025