New Delhi, June 8 -- Over the last decade, India has succeeded in building a robust low-cost digital payments market. The government, too, has leveraged this infrastructure to transfer money to more than 33 crore people as part of its Covid-19 relief package. However, there are still villages where we will not even hear of villages where ATM services are available. In such a situation, it is very difficult for the backward to visit banks for all their needs. Especially amidst the COVID scare and social distancing norms applicable, it is even harder. Hence, we need to pave the way for FinTech companies in the country to assist the underserved in their daily banking activities.

Here are 4 reasons why FinTech is important:

1. The combinati...