Lytus Technologies Holdings plans to spend $50m to expand its fintech offering into India over the next five years. The Nasdaq-listed firm will launch "AI-driven financial services and personalised solutions" as part of its move into India. Initially focused on cable and broadband sectors, Lytus CFO Shreyas Shah predicts Lytus "fintech products will . also offer its fintech services to businesses and individuals in rural parts of India to bridge the gap that currently exists in the traditional banking sector".
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