India’s fintech firms have taken giant strides in the past half-a-dozen years in transforming financial services delivery through automation. As per an Accenture report, fintech players have seen a one-third revenue rise at the expense of conventional banks. According to estimates, India’s fintech market was pegged at around ₹1,92,016 crore in 2019. In India’s fintech space, there are several segments offering solutions in niche financial domains. Meanwhile, total investments in India’s fintech industry have passed the $10-billion milestone between the calendar year 2016 and H1 2020.

Source: The Hindu October 26, 2021 21:17 UTC