India has 21 FinTech unicorns (as of June 2022) and the future of Fintech is evolving in key services and technology segments. Reports suggest that over the next few years, the FinTech sector will mint the maximum number of unicorns in India. There are many positives to emerging as world FinTech capital alongside a global […]
61. Linking of UPI with Credit Cards: A Major Step
Priyank Kothari’s shares his views on its implications. The RBI’s decision of linking UPI with credit cards is indeed a big one and is welcomed by the experts. The Reserve Bank of India has allowed linking of all RuPay-enabled credit cards with UPI – the world’s largest public domain digital payments system. UPI is an […]
62. Hike in Interest Rates: A Control Measure
Priyank Kothari’s shares his views. The Reserve Bank of India’s (RBI) decision on June 8 to increase the repo rate by 50 basis points (bps) to 4.90 percent will lead to a 20-25 bps rise in interest rates of banks’ loans and deposits. As an impact, the deposit rates could rise by 20-25 bps and […]
63. Game Changers in Micro-financing: UPI & Interest Rates
UPI plays the catalyst & interest rates make the battlefield competitive The micro financing is bound to grow. Couple of years ago, just before the pandemic the statement by an industry leader declaring the year 2020 as the year of lending, would not have hold true owing the circumstances that were followed. However, with business […]
64. Outlook on the rising Indian FinTech
In recent years, FinTech has attained unprecedented growth in India, ranked the third-largest globally, and valued at a whopping $31 billion. Given the aggressive reliance on technologies these days, the value of FinTech is sure to redefine several market benchmarks. In my previous article I already shared the figures that represent India’s FinTech growth story and […]