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The Global Covid-19 Fintech Market Impact and Industry Resilience Study
As one of the largest empirical research undertakings on the effect of COVID-19 on the global fintech industry, the Global COVID-19 Fintech Market Impact and Industry Resilience Study draws upon panel data from 1,448 fintech firms from 192 countries. This study provides key insights into the medium- to long-term impact of the pandemic on the fintech industry, with special attention to fintech market performance, financial and operational performance indicators, reinforced demands for greater financial inclusion, and how government can support the quickly evolving fintech industry.
This study follows the Global COVID-19 FinTech Market Rapid Assessment Study published in November 2020, which focused on the short-term effects of COVID-19 on the fintech industry. Both studies were developed in collaboration with the Cambridge Centre for Alternative Finance at the University of Cambridge Judge Business School and the World Bank Group, and were supported by the UK Foreign, Commonwealth and Development Office (FCDO) and the Ministry of Finance of Luxembourg.
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- Global COVID-19 FinTech Market Rapid Assessment Study
- How has the Covid pandemic affected the Fintech Industry?
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Impact of COVID-19 on Fintechs - Country: India
This publication is part of a three-phase study to analyze the impact of COVID-19 on the Indian fintech ecosystem. The first report assesses the impact of the pandemic and the strategies of fintechs to adapt to changing market conditions. In contrast, the second report sheds light on how the fintech ecosystem has progressed and adapted to the new normal.
The third and final report comprehensively assesses investor sentiments, policy response, and customer behavior in 2021. It looks into the strategies of fintechs and developments in the ecosystem to bolster business growth over the second wave of COVID-19. This publication also includes data analysis to predict the future trajectory of various types of startups in the near term with the overall objective to create a holistic understanding of the fintech ecosystem.
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India Fintech Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)
- Region: India
- Mordor Intelligence
- ID: 4986980
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India Fintech Market Trends
Increase in mobile banking payments is surging the growth of the market, increase in fintech deals in indian startups is boosting the market, india fintech market competitor analysis, additional benefits:.
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A selection of companies mentioned in this report includes, but is not limited to:
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Past Perfect, Future Tense? Themes shaping the future of Fintechs in India
Prateek Roongta Rajaram Suresh Sheetal Jasrapuria
Indian Fintechs have been the posterchild of India’s digital growth story, with their growth propelled by a surplus of capital, maturing infrastructure and favorable underlying customer demographics. The good news for Fintechs is that India’s digital infrastructure is only expected to further mature and the underlying demand growth is expected to stay strong. This paper crystallizes the existing and emerging secular themes underpinning the success of fintechs thus far. However, the Fintechs will also have to operate in an environment with regulator(s) that are increasingly nationalistic, pro-consumer, and vigilant; licensed incumbents who are strengthening their digital capabilities; increasingly affluent and digitally savvy customers who are hungry for their financial needs to be met digitally; and most importantly, a large base of mass customers waiting to be digitally educated and serviced. The paper dives deeper into the granular vertical-specific themes that will shape the future of fintechs and the implications on payments, lending, wealth, insurance and Web3 fintechs.
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This study is a part of our research project to get a brief insight on what changes and how the functioning of Fintech Industry has changed due to the impact of COVID-19 in India.
5 PwC Redefining the FinTech experience: Impact of COVID-19 1. The FinTech sector prior to the COVID-19 crisis Financial technology or FinTech has varying definitions based on financial literacy and its adoption in different countries. In India, where multiple issues in accessing financial services are prevalent, FinTech can be defined
The research paper talks about the sectors of fintech Industry and what reforms have been made that COVID-19 help the sector flourish post pandemic in India. This study is a part of our research project to get a brief insight on what changes and how the functioning of Fintech Industry has changed due to the impact of COVID-19 in India. The research paper talks about the sectors of fintech ...
this research paper will explore the broader societal and economic consequences of the FinTech revolution, including its ... 1.3 COVID-19 and FinTech Around the globe, the Indian economy is considered a rapidly evolving economy. ... To contain the impact of the coronavirus outbreak, India, like many countries across the globe, is taking several ...
Paper. April 2021. Impact of COVID-19 on FinTechs: India Download. 49 pages . MSC conducted a three-phase study to understand and assess the impact of the pandemic on the fintech ecosystem. This report is the second in the series, and delves deep into the innovative strategies fintechs used to overcome the pandemic, measures taken by the ...
Featuring timely new research on developments in Asia and globally, Fintech and COVID-19: Impacts, Challenges, and Policy Priorities underscores the importance of fintech, digital infrastructure investment, and digital financial education for driving economic recovery and sustainable development. COVID-19 • Get the latest information from the ...
The findings suggest that by advancing the technology and increasing financial literacy, access, and use of FinTech services can be increased which in turn will increase financial inclusion in developing countries. The study seeks to investigate how the pandemic of Covid-19 has impacted customer engagement in using Fintech services and resultantly the status of financial inclusion in India ...
Insight is given on the different fintech sectors present in India and the idea of going digital became the biggest pillar for the growth of Fintech during the pandemic. : The Covid-19 has caused disruption in almost every aspect of human life personally and professionally. Among the various sectors the finance sector has been the one that has been jolted by the pandemic across nations ...
As one of the largest empirical research undertakings on the effect of COVID-19 on the global fintech industry, the Global COVID-19 Fintech Market Impact and Industry Resilience Study draws upon panel data from 1,448 fintech firms from 192 countries. This study provides key insights into the medium- to long-term impact of the pandemic on the fintech industry, with special attention to fintech ...
Driven by increased digitisation in the lending space, the digital lending market in India is poised to grow to USD 350 billion by 2023.71This will increase the share of the digital lending market (in overall credit) from 23% in 2018 to 48% by 2023.72. Digital lending market in India - a USD 350 billion opportunity73.
Redefining the FinTech Experience: Impact of COVID-19. This exclusive report by PwC in collaboration with FICCI takes a close look at the sector's position prior to the pandemic, reflects on the impact of the COVID-19 crisis on the sector and recommends a post COVID-19 digital framework for the financial industry ecosystem - including ...
The research paper talks about the sectors of fintech Industry and what reforms have been made that COVID-19 help the sector flourish post pandemic in India. Discover the world's research 25 ...
This publication is part of a three-phase study to analyze the impact of COVID-19 on the Indian fintech ecosystem. The first report assesses the impact of the pandemic and the strategies of fintechs to adapt to changing market conditions. In contrast, the second report sheds light on how the fintech ecosystem has progressed and adapted to the ...
The India fintech market is estimated at USD 65 billion in the current year and is poised to register a CAGR of more than 21.1% during the forecast period. The COVID-19 pandemic had a positive impact on the overall fintech market in India. This was mainly due to the lockdowns imposed by the government and restrictions on movement across the ...
This paper investigates the effects of the coronavirus disease 2019 (COVID-19) pandemic on financial institutions and on consumers' adoption of Financial Technology (FinTech) for payments. This paper documents the following findings in Kenya. (1) The COVID-19 pandemic accelerated the adoption and increased the payment concentration of FinTech.
The paper dives deeper into the granular vertical-specific themes that will shape the future of fintechs and the implications on payments, lending, wealth, insurance and Web3 fintechs. In this report, BCG looks at the themes that will be shaping the future of Fintech in India. Read the full report now to find out what lies ahead.
Preliminary analysis of country-level characteristics suggest that market size and demographics, rather than level of economic development and ex-ante adoption rates, drive differential trends. We draw on mobile application data from 74 countries to document the effects of the COVID-19 pandemic on the adoption of digital finance and fintech. We estimate that the spread of COVID-19 and related ...
Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and ...
1 Asst. Prof. Chhaya Patel, 2 Dr. Rita Sharma 1Ph.D Research Scholar, 2 Professor, Head- Humanities& Science Department. MBA Department. Silver Oak University, Opp. Bhagwat Vidyapith, S. G. Road, Gota, Ahmadabad - 382481, India. Abstract: This paper has empirically explored and investigates the impact of COVID - 19on the volatility of stock ...
The health and economic impacts of COVID-19 on India have been substantial, with wide variation across states and union territories. This paper quantifies the impact of containment measures and voluntary social distancing on both the spread of the virus and the economy at the state level during the first wave of the COVID-19 pandemic. We construct a de-facto measure of state-level social ...
Papers presented at the conference, to take place on 30 March-1 April 2021, may be considered for publication as ADBI working papers and as part of an edited book. Paper topics of particular interest include, but are not limited to: Digital finance, fintech, and sustainable economic growth. Fintech, digital financial inclusion, and inequality.
This paper is an analysis of the economic impact of the Covid-19 pandemic in India. Even prior to the pandemic, the Indian econ-omy was marked by a slowdown of economic growth and record increases in unemployment and poverty. Thus, India's capacity to deal with a new crisis was weak when the pandemic hit in March 2020.
Pandemics can result in large morbidity and mortality rates that can cause significant adverse effects on the social and economic situations of communities. Monitoring and predicting the spread of pandemics helps the concerned authorities manage the required resources, formulate preventive measures, and control the spread effectively. In the specific case of COVID-19, the UAE (United Arab ...