Financial Markets

Fintech in Asia-Pacific grew 9.1 percent in Q2!

Investments in private financial technology (Fintech) companies in Asia-Pacific grew 9.1 percent to USD 1.4 billion in the second quarter of 2020. As per NASSCOM, India has emerged as the world’s second-largest Fintech hub (after the USA). Our nation is a fertile ground for the Fintech revolution and operates more than 2000 start-ups.

One major reason for the massive growth of Fintech is blooming in our nation is the grant announced during the 2019-20 union budget. Finance Minister Nirmala Sitharaman declared that businesses with an annual turnover of INR 50 crore would have to use digital modes of payment, like Aadhaar Pay, NEFT, BHIM, etc, and if they do, they won’t bear additional charges. The government’s decision has undoubtedly benefitted the domestic Fintech segment! If you are interested to learn more about this rapidly growing field, BSE Institute Ltd offers courses on Fintech. Please visit http://mumbaiuniversity.bsebti.com/masters_in_financial_technology.html

Leave a Reply