Fintech Issues and Challenges in India
P. Krishna Priya1, K. Anusha2
1Dr. P. Krishna Priya, Assistant Professor, Department of MBA, Koneru Lakshmaiah Business School, Guntur, A.P, India
2Dr. K. Anusha, Assistant Professor, Department of MBA, Koneru Lakshmaiah Business School, Guntur, A.P, India.
Manuscript received on 15 August 2019. | Revised Manuscript received on 25 August 2019. | Manuscript published on 30 September 2019. | PP: 904-908 | Volume-8 Issue-3 September 2019 | Retrieval Number: C4087098319/19©BEIESP | DOI: 10.35940/ijrte.C4087.098319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: India is a growing market for Fintech with a population of nearly 1.3 billion. A huge percentage of unbanked and under banked population is making India an exhilarating global space for financial technologies. Fintech is regarded as a game changer and disruptive innovation which is capable of shaking up the traditional financial markets. Fintech has been growing rapidly in India in the last five years and is expected to grow further in the nearest future. At this outset the article focuses on the basic types of financial technologies and their functions and also discusses the opportunities and challenges it has in the Indian business environment.
Keywords: Financial Innovation, Customer Experience, Payments, Security
Scope of the Article: Open Source: Challenges and Opportunities.