Indian fintechs yet to see meaningful AI revenue with monetisation expected from FY28
- Paytm, PhonePe, and Razorpay are rapidly rolling out AI products, but revenue impact remains minimal for now.
- Emkay Research expects AI-led revenue for fintechs to become visible only from FY28 onwards.
- Benefits may first appear as internal cost savings rather than direct monetisation.
- None of the companies disclosed revenue from their new AI products, per Emkay's report following Fintech Fest 2026.
Source: ndtvprofit.com
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