Fintech Industry is Contributing to High Adoption Rates and Simplified Customer Life
In recent years, the adoption of fintech in India has experienced notable growth. The Fintech sector has witnessed several emerging trends, such as digital payment platforms, digital-only neo-banking platforms (neo-banks), technology-driven insurance (InsurTech), blockchain-based solutions, and peer-to-peer lending. These advancements have brought significant changes to traditional financial services from the customers' perspective by offering them enhanced convenience, accessibility, and personalized experiences. Fintech has enabled customers to manage their banking system effortlessly and invest through user-friendly mobile applications and online platforms. The industry's growth has been stimulated by factors like the...
