TRY FOR FREE

Daily Review: Factors Driving FinTech Growth in India

India has made a good beginning and is moving in the right direction, but to be a powerful force in FinTech innovation globally, we need to develop a strong ecosystem, [says] (http://knowledge.wharton.upenn.edu/article/whats-driving-indias-fintech-boom/) [Prantik Ray] (http://acad.xlri.ac.in/facprofile/index.php?185), Professor of Finance at XLRI – Xavier School of Management.

Extensive and rich on examples, the piece published by Wharton explores the hallmarks of the FinTech ecosystem in India, diving into challenges and opportunities for the entrepreneurial community to apply tech and finance innovation to facilitate inclusive financial opportunities for the vast unbanked/underbanked population.

Pick #1. What’s Driving India’s FinTech Boom?

Multiple factors are driving FinTech growth in India. These include inefficiencies in the country’s banking system, a large unbanked and underserved population, steep smartphone penetration, increasing access to the internet, a booming e-commerce market, and availability of a large talent pool which understands both t ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED