The sector’s growth in 2019 carried over into the first half of 2020, as reported in the 2020 MEDICI India Fintech Report. The pandemic, while responsible for large portions of the economy shutting down, also contributed to the acceleration of some fintech sectors like digital payments, digital lending and online stock trading. Fintech investment were up 60% from January to June of 2020 compared to the same period a year prior. Those investments totaled $1.47 billion.
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India Fintech Sector Thrives As Rest of Economy Lingers
Despite a widespread economic slowdown due to the recent COVID-19 outbreak, India’s fintech sector is thriving. So reports BloombergQuint.
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