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Will 2016 Be the Year of FinTech in India?
Has Financial Technology or FinTech finally come of age in India? While, FinTech accounted only for 13.3% of the total funding raised by Indian startups in 2015, the gross investment into it was up 8 times over the equivalent 2014 number of $145.1 million. While that looks amazing at first glance, it has to be noted that m-commerce platform One97 (Paytm) accounted for about 74% of the money raised by FinTech companies this year. Nonetheless, even if one were to exclude this number, Indian FinTech investment has doubled over the 2014 number. India’s FinTech sector has been a far cry from its global peers, accounting only for 6% of the total global FinTech space (by funding), but clearly as the numbers above show, that is changing fairly rapidly.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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MasterCard Takes Fintech Incubator Global
MasterCard has launched Start Path Global, a globally available partnership programme for retail and fintech start-ups.
- Categories
- Technology
- Tags
- fintech, incubators
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