India Fintech Sector
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Policy Measures Taken To Boost Social Impact Of FinTech In India: PM Modi
Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion in investments in the last 10 years, and the abolition of the Angel Tax is al
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Web3 Industry Touts Benefits of Cryptocurrencies, Blockchain Technology on National Fintech Day
The fintech sector in India reached an important milestone with the launch of UPI payments in April 2016. As the fintech sector matures, Web3 technologies like cryptocurrencies and blockchain have also started to make small but notable strides in recent years.
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Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body
Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.
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India Ranks 3rd In Fintech Funding Globally In January-June Period
India's fintech ecosystem achieved a significant milestone in the first half of this year by ranking among the top three funded globally, alongside the US and the UK, a report showed on Friday.
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RBI Clampdown On Embattled Fintech Star Paytm Sparks Industry Concerns
For regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning.
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RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says
The Reserve Bank of India does not plan to impose drastic measures on India's fintech sector after the recent action against Paytm Payments Bank, according to P Vasudevan, an executive director in charge of enforcement at the central bank. Paytm has been in the crosshairs of the regulator for some time, with multiple warnings over the past two year...
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"No Limit To What We Can Do": Envoy To NDTV On India-UAE Ties
Prime Minister Narendra Modi today embarked on a two-day visit to the United Arab Emirates (UAE) with a focus on boosting cooperation in various sectors, including energy, ports, fintech, digital infrastructure, railways, and investment flows.
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Women's Leadership In Startups Grows Up To 18% In The Last Five Years: Report
According to the report, startups have proven to be a magnet for some of the most highly skilled and motivated women.
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Chandrayaan-3 to Web3: Landmark Developments in India's Evolution Towards Tech Independence
The integration of technology in India is happening at a rapid pace in the fields of automation, big data, blockchain, distributed architecture, Internet of Things (IoT) among other sectors. On this Independence Day, we revisit the country's recent milestones in the fields of health tech, space tech, edtech, fintech, and other tech sectors.
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‘I Don't Think We've Seen the Limits of It’: Ex-RBI Governor Raghuram Rajan Gives Nod to Crypto Technology
Raghuram Rajan, the former governor of the RBI said that digital assets like cryptocurrencies have had their “comeuppance,” but the underlying technology remains an enticing next-gen fintech tool that could be experimented with. The economist suggested crypto players against advertising digital assets as an ‘inflation-resistant’ alternative...
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Public, Private Sectors Need To Think Out Of Box To Seize Global Opportunities: PM Modi
While interacting with noted economists and experts at NITI Aayog ahead of the Union Budget, PM Modi also applauded the success of the India Digital story and the rapid adoption of fintech across the country.
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No Sure-Fire Way To Regulate Fintech Sector: RBI Executive Director
Reserve Bank Executive Director Ajay Choudhary on Thursday said there is no "sure-fire way" to regulate fintech players, and made it clear that the onus is on such entities to operate in a balanced way.
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UPI Daily Transactions Expected to Cross 1 Billion-Mark in Next 5 Years: Nirmala Sitharaman
The Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years, stated Union Finance Minister Nirmala Sitharaman on Tuesday while addressing an event. She stated that the data released by NPCI shows that UPI reported 6.28 billion transactions worth Rs. 10.62 trillion (nearly Rs. 11,00,000 crore) in ...
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RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
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Competitors or Collaborators: The Way Ahead for FinTech Firms and Traditional Banks
In the next five years, FinTech is expected to grow at a compound annual growth rate (CAGR) of 22 percent. Funding for FinTech companies in India through IPOs, M&As, and private funding rounds increased by 3x in 2021. The numbers tell a great story, but it seems that we’re only getting started. To fully understand the national reshaping across t...
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Policy Measures Taken To Boost Social Impact Of FinTech In India: PM Modi
Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion in investments in the last 10 years, and the abolition of the Angel Tax is al
-
Web3 Industry Touts Benefits of Cryptocurrencies, Blockchain Technology on National Fintech Day
The fintech sector in India reached an important milestone with the launch of UPI payments in April 2016. As the fintech sector matures, Web3 technologies like cryptocurrencies and blockchain have also started to make small but notable strides in recent years.
-
Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body
Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.
-
India Ranks 3rd In Fintech Funding Globally In January-June Period
India's fintech ecosystem achieved a significant milestone in the first half of this year by ranking among the top three funded globally, alongside the US and the UK, a report showed on Friday.
-
RBI Clampdown On Embattled Fintech Star Paytm Sparks Industry Concerns
For regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning.
-
RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says
The Reserve Bank of India does not plan to impose drastic measures on India's fintech sector after the recent action against Paytm Payments Bank, according to P Vasudevan, an executive director in charge of enforcement at the central bank. Paytm has been in the crosshairs of the regulator for some time, with multiple warnings over the past two year...
-
"No Limit To What We Can Do": Envoy To NDTV On India-UAE Ties
Prime Minister Narendra Modi today embarked on a two-day visit to the United Arab Emirates (UAE) with a focus on boosting cooperation in various sectors, including energy, ports, fintech, digital infrastructure, railways, and investment flows.
-
Women's Leadership In Startups Grows Up To 18% In The Last Five Years: Report
According to the report, startups have proven to be a magnet for some of the most highly skilled and motivated women.
-
Chandrayaan-3 to Web3: Landmark Developments in India's Evolution Towards Tech Independence
The integration of technology in India is happening at a rapid pace in the fields of automation, big data, blockchain, distributed architecture, Internet of Things (IoT) among other sectors. On this Independence Day, we revisit the country's recent milestones in the fields of health tech, space tech, edtech, fintech, and other tech sectors.
-
‘I Don't Think We've Seen the Limits of It’: Ex-RBI Governor Raghuram Rajan Gives Nod to Crypto Technology
Raghuram Rajan, the former governor of the RBI said that digital assets like cryptocurrencies have had their “comeuppance,” but the underlying technology remains an enticing next-gen fintech tool that could be experimented with. The economist suggested crypto players against advertising digital assets as an ‘inflation-resistant’ alternative...
-
Public, Private Sectors Need To Think Out Of Box To Seize Global Opportunities: PM Modi
While interacting with noted economists and experts at NITI Aayog ahead of the Union Budget, PM Modi also applauded the success of the India Digital story and the rapid adoption of fintech across the country.
-
No Sure-Fire Way To Regulate Fintech Sector: RBI Executive Director
Reserve Bank Executive Director Ajay Choudhary on Thursday said there is no "sure-fire way" to regulate fintech players, and made it clear that the onus is on such entities to operate in a balanced way.
-
UPI Daily Transactions Expected to Cross 1 Billion-Mark in Next 5 Years: Nirmala Sitharaman
The Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years, stated Union Finance Minister Nirmala Sitharaman on Tuesday while addressing an event. She stated that the data released by NPCI shows that UPI reported 6.28 billion transactions worth Rs. 10.62 trillion (nearly Rs. 11,00,000 crore) in ...
-
RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
-
Competitors or Collaborators: The Way Ahead for FinTech Firms and Traditional Banks
In the next five years, FinTech is expected to grow at a compound annual growth rate (CAGR) of 22 percent. Funding for FinTech companies in India through IPOs, M&As, and private funding rounds increased by 3x in 2021. The numbers tell a great story, but it seems that we’re only getting started. To fully understand the national reshaping across t...
