The nascent fintech industry in India is set for a boom and investments are expected to double to $2.4 billion by 2020
THE INAUGURAL BW Businessworld Fintech Summit 2017 — `The Fintech Bridge’ — held at the ITC Grand Central in Mumbai on the 8 September depth-charged the myriad changes in store due to disruption and innovation. In what’s an indication of the shape of things to come fintech investments surged to over a billion dollars in 2017 from a mere $25 million in 2013.
V Vaidyanathan, Executive Chairman of Capital First pointed out “It would rise further to $2.4 billion in 2020.” Nearly 45 per cent of the populace have no financial assets; and with the type of infrastructure and data accumulation that’s needed, the fintech game is set to catch fire.
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