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Introduction To Fintech C.9696262.powerpoint

The document introduces fintech companies in India. It states that fintech has contributed to changing consumer banking patterns and financial inclusion of the large unbanked population by addressing challenges like high costs of traditional banking. Research shows the fintech sector in India grew significantly around 2015 and is expected to continue strong growth, reaching a value of Rs. 6,207 billion by 2025. Fintech serves as a catalyst in payments and proves advantageous for small borrowers, SMEs, rural entrepreneurs, and users by weeding out barriers of high-cost traditional banking.

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Geetha Reddy
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232 views3 pages

Introduction To Fintech C.9696262.powerpoint

The document introduces fintech companies in India. It states that fintech has contributed to changing consumer banking patterns and financial inclusion of the large unbanked population by addressing challenges like high costs of traditional banking. Research shows the fintech sector in India grew significantly around 2015 and is expected to continue strong growth, reaching a value of Rs. 6,207 billion by 2025. Fintech serves as a catalyst in payments and proves advantageous for small borrowers, SMEs, rural entrepreneurs, and users by weeding out barriers of high-cost traditional banking.

Uploaded by

Geetha Reddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Introduction to FinTech

Companies in India
India is paving the way for financial inclusion for the huge sectors
With the rapid advent of “digital” in India since the past few
years, it has increasingly become easier to access financial
services. A widely used term in the new digital age, fintech, has
contributed to the changing patterns of consumer banking.
Around the year 2015, India saw a boom in technology adoption
in financial services. According to Research and Markets, in
2019, the Fintech companies in India was valued at Rs 1,920
Bn and is expected to reach Rs 6,207 Bn by 2025, expanding at
a CAGR of 22.7%.
 
Even at an early adoption stage, fintech in India is paving the
way for financial inclusion for the huge sector of unbanked and
under banked population by weeding out challenges like high
cost of traditional banking services. It is serving as a catalyst in
the payments network, which is proving advantageous for small
borrowers, SMEs, MSMEs, rural entrepreneurs, self-help groups
and end users. Fintech has a critical role to play in breaking
barriers of high-cost traditional banking.
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