{"id":2470,"date":"2016-06-09T07:49:44","date_gmt":"2016-06-09T07:49:44","guid":{"rendered":"https:\/\/insights.invyo.io\/europe\/?p=2470"},"modified":"2019-04-12T17:23:29","modified_gmt":"2019-04-12T17:23:29","slug":"india-could-india-become-a-fintech-hub-in-the-coming-years","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/europe\/analyses\/india-could-india-become-a-fintech-hub-in-the-coming-years\/","title":{"rendered":"India: Could India become a FinTech hub in the coming years ?"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Techfoliance and The\u00a0Fintech Twins are travelling together to meet game changers in finance around the world. We want to help you understand the potential that these technologies could have\u00a0in people&#8217;s life in every part of the world.<\/strong><\/p>\n<p style=\"text-align: justify;\">India is the fastest growing start-up ecosystem in the world with <strong>11,500 start-ups<\/strong> expected by 2020. With most of the population living in <strong>rural areas<\/strong>, the FinTech sector will face diverse challenges to reach the mainstream.<\/p>\n<p style=\"text-align: justify;\">We wanted to understand <em>what could be the solutions to meet the needs of the unbanked part of the population, what were the financial services being used by the population : payment, money transfer, saving, etc. ? As well as the type of infrastructure they could rely on to allow financial revolution : post offices, smartphones, etc. ?\u00a0<\/em><\/p>\n<p style=\"text-align: justify;\">We\u00a0met entrepreneurs and went on to ask directly to the indians\u00a0to know more about the financial sytem, here is what we discovered\u00a0:<\/p>\n<p><iframe loading=\"lazy\" title=\"FINTECH TWIN$ IN INDIA!\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/zZPI1D8FPUw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<h4 style=\"text-align: center;\"><span style=\"color: #008080;\">Fintech in India\u00a0&#8211; Key figures<\/span><\/h4>\n<p style=\"text-align: center;\"><strong>INDIA<\/strong><\/p>\n<p style=\"text-align: center;\">1.26\u00a0billion people are living in\u00a0India<\/p>\n<p style=\"text-align: center;\">70% of the population\u00a0live in rural areas<\/p>\n<p style=\"text-align: center;\"><strong>MOBILE INCLUSION<\/strong><\/p>\n<p style=\"text-align: center;\">94% of transactions are made in cash<\/p>\n<p style=\"text-align: center;\">1\u00a0billion phones in india<\/p>\n<p style=\"text-align: center;\">29% of Indians will have a smartphone by 2019<\/p>\n<p style=\"text-align: center;\"><strong>FINANCIAL INCLUSION<\/strong><\/p>\n<p style=\"text-align: center;\">60% of people\u00a0are unbanked<\/p>\n<p style=\"text-align: center;\">90% of SMEs have no link with formal financial institutions<\/p>\n<figure id=\"attachment_2471\" aria-describedby=\"caption-attachment-2471\" style=\"width: 1279px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/06\/Techfoliance_a-road-trip-across-the-fintech-world_india.png\" rel=\"attachment wp-att-2471\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-2471 size-full\" src=\"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/06\/Techfoliance_a-road-trip-across-the-fintech-world_india.png\" alt=\"Techfoliance_a road trip across the fintech world_india\" width=\"1279\" height=\"720\" srcset=\"https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/06\/Techfoliance_a-road-trip-across-the-fintech-world_india.png 1279w, https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/06\/Techfoliance_a-road-trip-across-the-fintech-world_india-300x169.png 300w, https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/06\/Techfoliance_a-road-trip-across-the-fintech-world_india-768x432.png 768w, https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/06\/Techfoliance_a-road-trip-across-the-fintech-world_india-1024x576.png 1024w, https:\/\/insights.invyo.io\/europe\/wp-content\/uploads\/2016\/06\/Techfoliance_a-road-trip-across-the-fintech-world_india-700x394.png 700w\" sizes=\"(max-width: 1279px) 100vw, 1279px\" \/><\/a><figcaption id=\"caption-attachment-2471\" class=\"wp-caption-text\">A Road Trip Across The FinTech World<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>Country analysis\u00a0: Fintech in\u00a0India<\/strong><\/p>\n<p style=\"text-align: justify;\">FinTech analysis\u00a0:\u00a0\u00a0coming soon<\/p>\n<p style=\"text-align: justify;\">FinTech analysis :\u00a0\u00a0coming soon<\/p>\n<p style=\"text-align: justify;\">Country conclusion\u00a0: coming soon<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Techfoliance and The\u00a0Fintech Twins are travelling together to meet game changers in finance around the world. We want to help you understand the potential that these technologies could have\u00a0in people&#8217;s life in every part of the world. India is the fastest growing start-up ecosystem in the world with 11,500 start-ups expected by 2020. With most [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[551],"tags":[406,573],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India: Could India become a FinTech hub in the coming years ? - INVYO Insights Europe : Media Fintech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/europe\/analyses\/india-could-india-become-a-fintech-hub-in-the-coming-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India: Could India become a FinTech hub in the coming years ? - INVYO Insights Europe : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"Techfoliance and The\u00a0Fintech Twins are travelling together to meet game changers in finance around the world. 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