It is evident that great strides have been made and will continue to be made in the context of the Indian FinTech ecosystem. But this cannot be considered as merely "emerging" anymore. The Indian FinTechs have been experiencing rapid growth due to the innovations that can be targeted towards the large customer base.
The last four to six years have been an exciting phase for the Indian FinTech ecosystem. India saw the second-highest number of FinTech startups being incorporated between 2015 and 2018 (excluding China).
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