Tuesday
January 8
2019

Why fintech in India needs to start counting for the unimaginable 2020

By B Amrish Rau

Fintech in India is still young — just five years old — yet it’s a revolution which is changing consumer behaviour. In a short time, it has changed how common people look at money itself. Money used to be cash, then plastic and now a mobile device. In India, new payment solutions like UPI (Unified Payments Interface) and Bharat QR have given a much-needed boost in shifting consumers from cash-based transactions to digital alternatives. For Indian fintech companiesto make the most of it, they need to crystal-gaze about what 2020 could be. To decide what to build, let’s look at what 2020 holds.

Photo courtesy of Pabak Sarkar.

Source: Economic Times (link opens in a new window)

Categories
Finance
Tags
cashless, DFS, digital payments, emerging markets, fintech, mobile finance