Middle East FinTech Study

Key highlights of ‘Middle East FinTech Study’ by Deloitte: • The average usage of P2P money transfer solutions among banking customers in the Middle East is 42% • 22% of customers use FinTech solutions/features with money transfers the most popular one • Qataris with a medium-range income constitute the core market of consumers • Peer-to-peer… Continue reading Middle East FinTech Study

Digital Lending: A $1 Trillion opportunity for India

By the year 2023, it is estimated that MSME (Micro, Small and Medium Enterprises) digital lending may increase 10-15 times to arrive at INR 6-7 Lakh Crore ($80-100 billion) worth of annual disbursements, creating a window for traditional lenders to go digital. With the growth of API based data distribution patterns and the technical know-how… Continue reading Digital Lending: A $1 Trillion opportunity for India

Growth of Digital Payments and the emergence of FinTech in India

The government of India has proved to be a catalyst in the growth of the digital payments ecosystem in the form of modernization of payment infrastructure, digital literacy and offering ease of setting up a business. The government pushed a surge of digital inclusion in the country with subsidies, programs and incentives including: BHIM cashback… Continue reading Growth of Digital Payments and the emergence of FinTech in India