Business Desk

The rise of fintech: How technology is revolutionising financial services

Factors such as tech adoption, smartphones, government support, startups, and consumer shifts drive fintech growth.

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Platforms like Paytm, PhonePe, and Google Pay drive secure, convenient digital payments post-demonetisation.

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Scripbox and others democratise wealth management and offer low-cost, personalised investment advice.

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Fintech expands access with digital lenders like Bajaj Markets, KreditBee using alternative credit assessments.

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RBI's Sandbox and PIDF spur fintech; challenges include cybersecurity, regulations, data privacy, and the and the urban-rural divide.

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Fintech is poised for growth with blockchain and AI innovations, fostering economic inclusion and resilience.

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Fintech revolutionises finance in India, empowering individuals and driving digital economy growth.

Source: Pexels