CURRENT STATUS, TRENDS & PROSPECTS OF FINTECH IN INDIA
DOI:
https://doi.org/10.55829/ijmpr.v2i4.207Keywords:
Fintech, digitalization, digitization, bankingAbstract
As the world moves toward a digital age, finance has become a part of the new world. Due to the combination of technology and finance, which is referred to as fintech, the sector has moved beyond its traditional boundaries. Through the use of technology, people can now do transactions such as buying and selling financial products through a single click. Financial technology (fintech) is a new concept in the financial sector, which provides alternative banking and finance services. It is safer than traditional methods. The advantages of fintech services include operating expense reductions and amicable users. This study aims to explore the country's journey toward becoming a fintech hub. The rapid emergence and growth of fintech services in India has created a huge opportunity for the country's financial sector. This study aims to analyze the various aspects of the country's financial industry and how it will change as a result of the new technology.
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