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A workshop held in Hanoi on June 16 underlined the need for financial technology (fintech) services for the development of small- and medium-sized enterprises (SMEs).
Chowdhary, while speaking and addressing the people at ASSOCHAM’s fintech festival, said that financial sector in India is going through transformation in India.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Egyptian fintech startup, Paymob, has raised a $50 million in Series B funding round to help it launch new products and expand into additional markets. Founded in 2015 by Islam Shawky, Alain El Hajj, and Mostafa Menessy, Paymob's software products enable merchants to accept digital payments online and in-store. The firm has over 100, 000 merchant customers
She said that 1 in 4 startups belong to the fintech sector and are increasingly becoming unicorns or startups that have a valuation of more than $1 billion.