Growth of Digital Transactions and the Emergence of FinTech in India

Abstract

In view of the growing ecosystem  and  infrastructure  favoring  digital  transactions  in  India  and  the  world,  this paper intends to provide an overview  of  the  current  advancements  in  the  domain  of  Fintech, with  a  focus  on digital payments and the factors that led to the rise of the overall industry from the context of market players, consumers and the facilitating agencies and organizations including the reforms  and  initiatives  led  by  the government in enabling the huge growth in the country. The paper also seeks to understand and suggest the prospects of the future growth and direction of the industry so that an implementation plan can be made as per the predictions of the associated market.