Traditionally, formal credit, money and technology has been accessible only for the well-off groups in the society leaving the lower strata groups with no option but to take up the informal structure to finance their livelihood. However, in the era of digitisation and penetration of technology new age Fintech ventures are revolutionising the financial ecosystem in the world. More lately, Fintechs are bringing new technologies to market even faster and with a greater impact. Hundreds of Fintechs are focusing their technology to bring in greater transparency and efficiency in the financial world.
