Indian fintech takes an upward curve

Financial Services A fintech revolution is sweeping India. Recent research from the Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce & Industry (FICCI) has found that nearly two-thirds of the 2100+ fintech companies in the country came into being in the last five years. Government policy, regulatory support, rapidly growing smartphone penetration, and a robust talent ecosystem from India’s legacy as an IT services hub have all contributed to where Indian fintech stands today - an extremely promising emerging market with a predicted sector evaluation of USD 150-160 billion by 2025.