Fintech Industry Overview

Fintech Industry Overview The Fintech industry in India has been growing at an unprecedented rate in recent years. The term "Fintech" refers to the use of technology to improve and automate financial services. In India, the Fintech industry has been driven by the government's push towards digitalization, the increasing use of smartphones, and the growing number of people with internet access. One of the most significant areas of growth in the Indian Fintech industry has been in digital payments. Companies such as Paytm, PhonePe, and Google Pay have become household names in India, and they have helped to drive the adoption of digital payments in the country. The government's demonetization drive in 2016, which saw the withdrawal of high-value currency notes from circulation, also helped to accelerate the shift towards digital payments. Another area of growth in the Indian Fintech industry has been in lending. Fintech companies such as Capital Float, Le...