Introduction: Microfinance has emerged as a critical tool in driving financial inclusion, especially in developing economies like India. Over the years, the integration of financial technology (Fintech) has brought about a paradigm shift in the microfinance sector, enhancing accessibility, efficiency, and sustainability. With the Global Microfinance market projected to grow by USD 122.46 billion from […]
On one corner, we have the new age digital banks – the Neo banks and small banks; on the other corner we have the traditional banks. How do these compare? Do they offer similar services? Are the digital ones just as safe? Read on to learn more about the phenomenon that has been re-shaping the […]
Insurance aggregators and insurance brokers are both intermediaries that can help individuals and businesses find and purchase insurance policies. However, there are some key differences between the two. Let us look at some key differences: Role: Insurance aggregators are online platforms that allow users to compare insurance quotes from multiple insurance companies. They do not […]
The past year has been exceptional for FinTech companies with record numbers of transactions in all major areas, including the Americas, EMEA, and Asia-Pacific. There is a bright future ahead for FinTech, with several subsectors anticipated to continue growing and new ones to flourish. Though the future of FinTech appears promising, it also poses significant […]
FinTech’s environment is evolving at lightning speed The fintech sector is undergoing a major transformation every day. These changes are crucial because they affect every aspect of payments, money, and banking. Most businesses suffered when the COVID-19 pandemic struck the world. The fintech industry was one of the few industries that displayed an upward trend. […]
Fintech – An overview Fintech in India is one of the fastest-growing ecosystems. It is the third largest ecosystem in the world after US and China. Globally India has the highest adoption rate at 87% out of 64% of the global average. As of October 2022, India is home to 25 unicorns and 6,636 startups […]
“India is among the fastest growing fintech markets in the world with a market size of $31 billion in 2021 that is expected to reach $1 trillion by 2030” - V. Anantha Nageswaran, Chief Economic Advisor of India, Ministry of Finance, Government of India Fintech brands are not only competing with the big, well-known brands […]
FinTech in India FinTech companies in India have been rapidly growing in the past decade. The fintech industry in India is currently worth $578 Bn and is expected to grow at a CAGR of 31% and reach $2.2 Tn by 2027. After United States and China, India has the world’s third largest fintech ecosystem. There […]