The fintech industry as a whole is reckoning with itself at every level. Every move they make is accounted for and closely monitored by regulators and customers, alike. Fintech companies are at the forefront especially, due to the current scenario with digital transactions taking place higher than ever. The Indian Fintech sector has surfaced as one of the key players in the global industry.
In a recent report, by Research and Markets, as of March 2020, India, alongside China, accounted for the highest fintech adoption rate (87 percent), out of all the emerging markets in the world. On the other hand, the global average adoption rate stood at 64 percent.” The report also states that “The fintech market in India was valued at Rs 1,920.16 billion in 2019 and is expected to reach Rs 6,207.41 billion by 2025, expanding at a compound annual growth rate (CAGR) of approximately 22.7 percent during the 2020-2025 period.”
As the Fintech world is undergoing a radical reformation. Here is a list of 5 key trends that is likely to shape the upcoming future of fintech industry:
Read more at CNBC here.