FinTech, Payments and Digital Commerce: iquest-consultants

Fintech & Digital Payments

A portmanteau of two words- Finance and technology, Fintech has created a disruption in the financial services industry (banking, investments, payments etc.) by leveraging the latest technological innovations like block chains, artificial intelligence, biometric applications, peer to peer (P2P) lending, robotics etc. The intensity of its disruption in India and a glimpse of the prosperous future that it holds is evident from a recent report by EY, according to which India is the second largest adopter of Fintech in the world, just next to China!

If Fintech is such a big revolution, why not seize the opportunity? This is exactly what the emerging start-ups of India are doing and consequently, providing efficient and cheaper financial services with Paytm, Mobikwik, Freecharge, Bank Bazaar etc. leading the way and several others following in to test their Fintech ideas.

To share some numbers, the first quarter of 2017 saw global investments in Fintech, to the tune of approximately $3 billion which includes a $1.4 billion investment in Indian giant- Paytm! PwC estimates that within the next 3-5 years, the total investment in Fintech would rise to a whopping $150 bn globally. Needless to say, the age of Fintech entrepreneurs is here to stay!

In line with government reforms which has pushed Indians to adopt cashless transactions, giving the digital payments sector a significant boost. The sector is currently experiencing an unprecedented jump in growth since early November 2016, with digital wallet companies showing a growth of 271 percent for a total value of US$2.8 billion.

Body of Work

The future is Digital – we can help you hire in the following areas of this megatrend:

  • Block-chain Technology
  • Fintech & Digital Money Product Managers
  • Alternate & P2P Lending
  • Digital Payments
  • Insurance & Mortgage

Look no further – Act Now

In case the idea sounds appealing and you think you would love to hear more – ACT NOW!

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