India has the highest fintech adoption rate globally. Besides being home to the
world’s 3rd largest fintech ecosystem, our fintech market (currently valued at
$31 billion) is expected to grow to a whopping $84 billion by 2025. What’s
interesting is that nearly 70% of the current 2100+ fintech
When Martin Luther King Jr. delivered his famous “I have a dream” speech on the
steps of Lincoln Memorial in Washington, it shaped the conversation about race
equality and civil rights for years to come. Recently, Prime Minister Narendra
Modi in his inaugural speech at the InFinity forum also talked
Digital Payments have become an integral part of the consumer’s everyday
activities. They are happening at every moment in the life of today’s mobile
consumers as they are surrounded by digital products and services.
From pay-per-use, subscription payments, invisible payments, credit/debit card
transactions, one-click checkouts, mobile payments,
Few sectors have transformed as rapidly as digital payments. No longer just a
fragmented and transactional touch-point, the payment’s journey enables
businesses to engage with customers, enhance their experience, and build
long-term loyalty.
The last decade has been eventful as the digital payments ecosystem expanded
with new solutions such
SMBs are oddly underserved and face numerous barriers to growth. Small merchants
face difficulty in accessing formal credit, poor infrastructure and utilities,
antiquated and informal operating methods and low access to marketing platforms,
compounded by the digital and technological knowledge gap.
This is where fintech platforms can act as enablers
Digital transformation is not just a choice, but an eventuality. It helps
future-proof businesses, create wholesome customer experiences, and improve
operational efficiency and profitability. In this rapidly changing environment,
while larger enterprises have been able to harness its power, the journey for
SMBs has been a steep one. In a
Cyber threats like APT (Advance Persistence Threat), Malware, hacking, phishing,
ransomware, and distributed denial-of-service (DDoS) attacks have the potential
to cause enormous challenges for organizations. Not only can companies suffer
serious service disruption and reputational damage, but the loss of personal
data can also result in huge fines from regulators.