Introduction to FinTech

Companies in India
India is paving the way for financial inclusion for the huge sectors
With the rapid advent of “digital” in India since the past few
years, it has increasingly become easier to access financial
services. A widely used term in the new digital age, fintech, has
contributed to the changing patterns of consumer banking.
Around the year 2015, India saw a boom in technology adoption
in financial services. According to Research and Markets, in
2019, the Fintech companies in India was valued at Rs 1,920
Bn and is expected to reach Rs 6,207 Bn by 2025, expanding at
a CAGR of 22.7%.
 
Even at an early adoption stage, fintech in India is paving the
way for financial inclusion for the huge sector of unbanked and
under banked population by weeding out challenges like high
cost of traditional banking services. It is serving as a catalyst in
the payments network, which is proving advantageous for small
borrowers, SMEs, MSMEs, rural entrepreneurs, self-help groups
and end users. Fintech has a critical role to play in breaking
barriers of high-cost traditional banking.
 Interesting, right?
This is just a sneak preview of the full presentation. We hope you like it! To see the
rest of it, just click here to view it in full on PowerShow.com. Then, if you’d like, you
can also log in to PowerShow.com to download the entire presentation for free.