A Bright Future ahead from Unbanked Population to FinTech Population
Well! Don't you think a country which was majorly dependent on CASH is now transforming to more convenient and efficient digital services. Indeed it is! As it is the period of TECHADE. From last few decades India's FinTech ecosystem has been growing extraordinarily and the upcoming outlook seems to be more promising and exceeding. This shift from traditional transactions to digital transactions has opened a plethora of opportunities for businesses, small borrowers, financial institutions, and SMEs a like.
Analogously, from past to present, India's Financial Sector has remarkably evolved and presently noticing & notifying innovative and refined changes. Whether it is public or private sector, from commercial banks to mortgage products everything seems to be important. Tailoring to this improvement people, businesses, organization are looking forward for consultants or consulting firms for more specialized and expertise review and feedback.
With more than 2,100 finTech companies and startups, India's finTech industry valuation is estimated to go beyond $150-160 billion by 2025, according to Economic Times. Thus, India is amongst the fastest growing Fintech markets in the world. Increase in the FinTech platforms are widely resulting in growth and development of Financial Technology. Thence, it is an indispensable part of day-to-day life chores.
Undoubtedly, Government initiatives blending with technology innovations have given way for digital payments and online fund transfer more secure and risk-free. As a result, the digital rupee will light up and improvise the finTech sector by creating new opportunities and lessen the burden in handling, printing, and logistics management of cash.
In order to ensure that the profession continues to assist in value enhancement, the experience and knowledge needs to be shared and spread out amongst the budding newcomers in the field. As a result, imparting financial management skills to the next generation of professionals is another area that the current breed of financial consultants can potentially focus on.
This is not the end, further financial hand holdings and expertise are revising and strengthening the economy and commercial eco system through contribution of initiatives like Make in India, Digital India, Start up India, and so on.
Analogously, from past to present, India's Financial Sector has remarkably evolved and presently noticing & notifying innovative and refined changes. Whether it is public or private sector, from commercial banks to mortgage products everything seems to be important. Tailoring to this improvement people, businesses, organization are looking forward for consultants or consulting firms for more specialized and expertise review and feedback.
With more than 2,100 finTech companies and startups, India's finTech industry valuation is estimated to go beyond $150-160 billion by 2025, according to Economic Times. Thus, India is amongst the fastest growing Fintech markets in the world. Increase in the FinTech platforms are widely resulting in growth and development of Financial Technology. Thence, it is an indispensable part of day-to-day life chores.
Undoubtedly, Government initiatives blending with technology innovations have given way for digital payments and online fund transfer more secure and risk-free. As a result, the digital rupee will light up and improvise the finTech sector by creating new opportunities and lessen the burden in handling, printing, and logistics management of cash.
In order to ensure that the profession continues to assist in value enhancement, the experience and knowledge needs to be shared and spread out amongst the budding newcomers in the field. As a result, imparting financial management skills to the next generation of professionals is another area that the current breed of financial consultants can potentially focus on.
This is not the end, further financial hand holdings and expertise are revising and strengthening the economy and commercial eco system through contribution of initiatives like Make in India, Digital India, Start up India, and so on.
