Siddharth Mehta of IL&FS shares about the faster evolution of fintech in India

India has become a major player in the global FinTech industry in recent years says Siddharth Mehta IL&FS, former director. With a large population of tech-savvy consumers and a growing economy, India has been ripe for disruption in the financial sector.

The Indian government has also been supportive of the FinTech industry, launching initiatives such as Digital India and Startup India to encourage innovation and entrepreneurship.

In addition to traditional FinTech sectors such as payments and lending, India has also seen the emergence of new areas such as wealth management, insurance, and blockchain.

Siddharth Mehta IL&FS says overall, the FinTech industry in India is expected to continue its rapid growth in the coming years, driven by factors such as increasing smartphone penetration, expanding digital infrastructure, and a supportive regulatory environment.

Read more about Fintech at https://www.business-standard.com/content/specials/siddharth-mehta-has-seen-tremendous-effect-of-fintech-pushing-finance-sectors-upwards-123041000501_1.html

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