Job opportunities are expected to rise by 7.5 per cent in the Indian fintech industry, spurred by the widespread embrace of digital payments, blockchain innovations and the growth of open banking systems, according to a report on Thursday.
India is leading the global digital revolution, emerging as a frontrunner on the back of its robust digital public infrastructure
The Bengaluru-based fintech company would use fresh funds to boost its product portfolio towards a greater adoption of its platform by the global banking and financial services customers.
The Union Budget 2022-23 will be tabled in the Parliament on February 1 (Tuesday).
The financial services company last month raised Rs 50 crore in debt from Northern Arc Capital, one of the leading digital debt finance platforms. This was the sixth round of debt financing in 2021.
The group launched its flagship brand KreditBee in May 2018, focused on full-stack digital lending for young professionals.
The applications of fintech are not only about digital payments but also feature a lot of other initiatives such as wealth technology, for instance, he noted.
Online banking has come a long way since it became mainstream globally 20 years ago, with ICICI being one of the first banks to champion its usage back in 1996.
The Chinese government suspended licensing for new games for nine months last year, causing the gaming industry to experience its slowest revenue growth in over a decade.
DCB Bank and Slonkit have partnered to create a digital and cashless ecosystem for educational institutions across India under the Slonkit Campus Partnership Programme
