India has the world’s second largest unbanked population, who face high barriers to adopting formal financial services, while micro, small and medium enterprises (MSME) remain constrained by an inability to secure credit or capital.
The Indian FinTech market, estimated to be worth USD2.4 billion by 2020, has the potential to plug these critical gaps. 99.5% of consumers are aware of the availability of FinTech platforms to manage personal finance. Digital lending to the estimated 60 million MSMEs in India is expected to surge 10 fold by 2023.
What are the key opportunities in India’s FinTech space?
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