India's fintech segment is driving the innovation boom in this ecosystem, accelerating the pace of digital transformation across sectors such as insurance and ecommerce. The Indian government proactively promotes the use and adoption of technologies to make India a cashless economy through its 'Cashless India' program and with instruments such as the Unified Payments Interface (UPI), digital wallets, Aadhaar and more. The rise of entrepreneurship in India shows no signs of slowing in the coming years. That said, fintech entrepreneurs are also facing multiple challenges, including low financial literacy and cyberthreats.
BOLSTERING FINANCIAL INCLUSION THROUGH FINTECH APPLICATIONS
This story is from the May 2023 edition of Entrepreneur magazine.
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This story is from the May 2023 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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