New Delhi, July 27 -- With over 4 billion downloads of finance apps in less than a year, it is smooth sailing for the Indian digital finance industry in the coming times! The post-pandemic boom in adoption observed across the digital finance industry is expected to continue well into the future. As more users are switching to digital modes of payment, banking, lending, and investment, it highlights a real demand. The demand is driven by a renewed interest in improving financial outcomes in the face of economic uncertainty. The continued spikes in transaction volumes of mobile banking and trading apps further corroborate this. In fact, finance apps have crossed the 4 billion mark between September 2019 and October 2020.

Growing demand for...