Financial technology, or fintech, enables a nation’s growth as it allows access to goods and services that are otherwise not available to everyone, said Munish Varma, managing partner, SoftBank Vision Fund, at Mint’s India Investment Summit 2021. “Fintech allows services to those who did not have them before, at low cost and in a frictionless manner. The pandemic has transformed and fast-tracked the evolution of some sectors such as e-commerce, edtech, healthtech and fintech, he said, adding that these businesses will continue to grow. “If you take the example of certain sectors that have faced tailwinds from the pandemic, e-commerce is a case in point. The pandemic has accelerated the transformation and evolution of certain business and sectors," Varma said.

Source: Mint April 29, 2021 18:11 UTC