Findexable highlights several core areas of growth in Mumbai ’ s fintech ecosystem : alternative lending , B2B fintech , digital payments , insurance and wealth management . Mumbai ’ s fintech growth is a result of the Government of Maharashtra ’ s commitment to innovation . This has led to the creation of the Mumbai FinTech Hub , which aims to encourage nextgen innovation so as to enable financial empowerment and technological advancement for all . The hub offers local startups and innovators financial support , infrastructure and access to regulators , as well as mentorship and financial lab opportunities .