Fintech Newsletter | Oct 16, 2020 to Dec 31, 2020

Published On: 29/01/2021

Authors:

Avimukt Dar
Suneeth Katarki
Namita Viswanath
Shreya Suri
Nilima Pant
The Indian fintech market has continued to grow and evolve, with the Covid-19 pandemic accelerating digitization amongst consumers, micro, small and medium enterprises (“MSMEs”), banks, and other financial institutions, including in rural and remote parts of India. First-time user cohorts who were constrained to transact digitally during government-imposed lockdowns early last year, have taken to using digital payment options in a big way, post the lockdown relaxations. Certain consumer behavioral changes with the recent pandemic, such as growth in the e-commerce sector, teleconsultations, online streaming, and distance learning, are likely to continue fuelling the expansion