January 18, 2024 04:38 pm | Updated 05:49 pm IST - DavosIndia is among the most significant operating countries for hosting a thriving cluster or fintech headquarters, a WEF study showed on Thursday. "The study reveals that vibrant hubs such as Singapore, the UK, the US, and India have hosted a thriving cluster of fintech corporate headquarters. "Among the countries surveyed, the most significant operating countries for fintechs include the US, the UK, Singapore, Mexico, and India," it added. Also Read |Indian FinTech startups raise $1.2 billion in first quarter of 2023: reportAccording to the report, the global fintech industry remains strong, with customer growth rates averaging above 50% across industry verticals and regions. The report said the global fintech industry is demonstrating strength and resilience and continues, despite an unclear economic outlook, to expand financial services offerings to traditionally underserved consumers and businesses.
