Hello world!
Fintech India Summit Blog
by admin
8M ago
Welcome to WordPress. This is your first post. Edit or delete it, then start writing! The post Hello world! appeared first on 2ND EDITION FINTECH INDIA SUMMIT & AWARDS 2023 ..read more
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How Digital Payments are Transforming the Indian Economy
Fintech India Summit Blog
by Raghu Rao
11M ago
India saw a growth spurt in digital transactions post 2016 and witnessed a consistent upward trajectory through 2020 – 2022, primarily driven by the COVID impact the nation went cashless and no contact. Cut to, 2023 India has witnessed over 91 billion digital payment transactions, with UPI emerging as a preferred payment mode by everyone and has recorded 886.3 crore digital payment transactions with the value of Rs. 14.15 lakh crore by April 2023. That is a – 100 times increase in digital transactions in the last 9 years. The Indian government has shown fantastic initiative and in recent times ..read more
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The Digital Lending Market in India: A Promising Future by 2030
Fintech India Summit Blog
by Raghu Rao
11M ago
Digital Lending Market in India India’s digital lending industry is on an expansive growth trajectory. A recent report states that the digital lending market is positioned to grow to a massive $515 billion by 2030. This shows that the fintech lending sector is witnessing consistent growth and a very positive future. Emerging digital lending companies in India have shown this by posting a CAGR 39.5% growth over a span of 10 years. The digital lending space in India has received an investment of over $1 billion in recent times and majority of the activity in this sector has been around P2P lendi ..read more
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Top 10 FinTech Trends To Watch in 2023
Fintech India Summit Blog
by Raghu Rao
11M ago
Fintech has changed quite a bit since 2020 across the world, thanks to the pandemic. In India, fintech has shown monumental growth and the Indian financial services industry is fast adapting technology and trends which are critical for sector growth. Let us look at the top ten trends in fintech which are showing promise and growing globally. BNPL 2.0 We all know BNPL, but BNPL 2.0 is set to define a new approach which will means BNPL operators will start earning from merchant commissions instead of from buyers. So, consumers will no longer pay charges. This is an entirely consumer focused tren ..read more
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FinTech Focused VCs & Investors Will be at 2nd FinTech India Summit & Awards
Fintech India Summit Blog
by Raghu Rao
11M ago
The FinTech Industry is poised for exponential growth and India in recent times has seen aggressive funding activity in the sector. Since 2014, Fintech has attracted over $26 Bn in funding, over 50% percent of which amounting to $14.8 Bn was invested between 2021 and 2023. The fintech industry is set to grow up to a phenomenal market size of $2.1 Tn by 2030. Some of the major Fintech VCs and Investors funding the fintech wave in India are as follows: Accel – Accel is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private c ..read more
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The RegTech Impact on the Indian FinTech Sector in 2023
Fintech India Summit Blog
by Raghu Rao
11M ago
Regulatory Technology or RegTech as it is commonly known is a critical sub sector of the FinTech ecosystem which has the potential to streamline the fintech industry in India. Consider this, India is the 3rd largest fintech market in India, has the top fintech adoption rates in the world at 87% compared to a global average of just 64%, so one can imagine the regulatory and compliance challenges we must be facing. RegTech, with all the innovative technologies has the answer. It can quite simply transform the fintech industry in India by technology implementations which will make regulations and ..read more
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Enhancing Cyber Resilience in India’s FinTech Industry in 2023
Fintech India Summit Blog
by Raghu Rao
11M ago
The financial services industry is a very critical sector which needs a robust cyber security plan. A plan which can tackle problems emanating from cyber threats in the nation. The Reserve Bank of India has been vocal about adopting such a policy. India has always focused on safe guarding cross country money flows which is the back bone of the Indian business sector and important for a growing economy. The emphasis on drawing up a cyber security policy for the financial services sector has been connected with the surge in the fintech industry in India. The boom in varied financial technology p ..read more
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What is redefining India’s Fintech Landscape?
Fintech India Summit Blog
by Raghu Rao
11M ago
India has seen a rapid rise in Fintech, thanks to a strong banking system which has over 137 banks and roughly 120K branches. Which makes India, a country with one of the highest numbers of bank accounts internationally, with deposits equaling $1.35 trillion and outstanding credit of $900 billion. This in itself shows the prowess of our thriving economy. India’s financial landscape has transformed primarily because of some well thought out initiatives which are aligned with making India a $5 trillion economy, and fintech has been a welcome value addition to this economic path the country has t ..read more
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Why Can the Indian FinTech Start Up Ecosystem Beat the Funding Winter ?
Fintech India Summit Blog
by Raghu Rao
11M ago
Unlocking Indian FinTech‘s Resilience: Funding Winter The Indian FinTech sector saw fantastic growth in recent years, which paved the way for technology start ups focused on fintech to grow rapidly. But from the end of last year until now the fintech ecosystem has seen a 60% drop in funding which brought down The fintech space has witnessed a 60 per cent year-to-date slump in funding, which shot down funding from $3.7 billion in 2022 to $1.3 billion in the current year. The big players are the most effected, with impact on global technology ecosystem, with investor apprehensions looming l ..read more
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