Impact of Fintech Startups on the Indian Economy

Abstract

This paper examines the impact of fintech startups on the Indian economy. Through this paper, we can know about the growth, trend, and forecast of fintech in our economy. All the activities and information related to finance has updated to an electronic mode. Fintech companies integrate technologies like AI, blockchain and data science into traditional financial sector to make them safer, faster, and more efficient. Fintech act as a mediator between banks, customer, trade, business, and its customer as service provider. It is like a backbone to encourage banking and financial industries.