India, March 10 -- India's startup ecosystem has seen unprecedented growth with more than 1.64 lakh firms being recognized across the country by the Department for Promotion of Industry and Internal Trade (DPIIT). Paytm has been actively supporting fintech firms to revolutionize the digital payments market in India. Paytm is helping businesses grow and invent by connecting them to markets, financially, and providing infrastructure through its services. Despite the current obstacles, fintech hardware firms offer a lot of opportunities in the changing digital economy. The number of businesses that have directly profited from recent government initiatives is unknown but their impact is huge.

As government initiatives continue to evolve, fin...