New Delhi, Dec. 29 -- India is amongst the fastest growing FinTech markets in the world, states an Invest India report. India ranked the highest globally in the FinTech adoption rate with China. Digital payments valued $65 bn in 2019 and grew at a CAGR of 20%. The year 2020 has been monumental to the FinTech sector as Indians were almost dependent upon digital payments. We learned more about how to save and invest and the importance of it all.

According to the Invest India report, the key growth drivers of Fintech industry is a high smartphone penetration. There are over 1.2 bn mobile subscribers with growing disposable income. It states that India has witnessed a wide middle-class expansion. By 2030, India will add 140 mn middle-income ...