India is a growing market for fintech. India is an exciting country since a significant portion of the population lacks access to banking services. Fintech is viewed as a paradigm shifter and disruptive innovation that has the power to upend the established financial markets. In India, fintech has expanded quickly over the previous years and is anticipated to do so in the near future. The study begins by concentrating on the fundamental categories of financial technologies and their roles. It then goes on to analyse the Issues and challenges these technologies present in the Indian Financial System.