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Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) came up with India FinTech: A USD 100 Billion Opportunity report. The report details the findings from the study that BCG and FICCI undertook to size the value-creation potential and identify imperatives for India s FinTech growth. Dilip Chenoy, Secretary General, FICCI stated that the FinTech industry in India has been growing at a fast clip. FinTech players are redefining the business models across different segments of financial services industry, helping improve service delivery and contributing to digital financial inclusion. India s dynamic FinTech industry has 2100+ FinTechs of which 67% have been set up over the last 5 years alone. The total valuation of the industry is estimated at USD 50-60 Bn. The industry s growth has been undeterred by the pandemic, as it has seen the emergence of 3 new Unicorns and 5 new Soonicorns (USD 500Mn+ valuation) since January 2020. The Fintech indus
New Delhi: The Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) on Saturday unveiled India FinTech: A $100 Billion Opportunity report.
The report details the findings from the study that BCG and FICCI undertook to size the value-creation potential and identify imperatives for India s FinTech growth.
Dilip Chenoy, Secretary General, FICCI said, The FinTech industry in India has been growing at a fast clip. FinTech players are redefining the business models across different segments of financial services industry, helping improve service delivery and contributing to digital financial inclusion. This is a clear area of focus for us in FICCI and through our multiple initiatives, we will continue to promote this industry both in India and abroad.
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