A report by Zone Startups and fintech insights platform Medici states that over 1,300 fintech ventures were added to the Indian ecosystem from 2015 to 2018. Entrepreneurs believe fintech is witnessing quick growth, providing start-ups with the necessary impetus to attain scale. Thus, the demand for fintech, which leverages technology to cater to the banking requirements, is huge,” says Anand Kumar Bajaj, founder, PayNearby. “This presents a huge opportunity for fintech players to cater to this under-served segment. This comes soon after regulators in the US, the UK and other developed nations announced a global partnership to test innovative fintech products prior to their release in the market.

Source: dna May 01, 2019 23:48 UTC