How Fintech Is Steadily Taking Over The Offline Channels
India, Nov. 22 -- It is an undisputed fact that India is undergoing a massive fintech revolution at present, emerging as the world's second-biggest fintech hub after the US. The sector has witnessed a three-fold growth in the number of startups between 2015 and 2018, rising from a count of 737 in 2014 to over 2035 startups now, according to India Fintech Report 2019. Amidst this segment, spaces like payments, lending, insurance, and personal finance management hold the maximum share in terms of the number of startups that have emerged.
It has been observed that around 70% of the fintech ecosystem in India is being dominated by financial lending firms, and rightfully so. Till a decade ago, securing a loan was a tedious and next to impossi...
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