What’s Driving India’s Fintech Boom?

What’s Driving India’s Fintech Boom?
Image source: Pixabay

The fintech space in India is heating up. WhatsApp, the most widely used messaging app in the country, has recently started rolling out a Unified Payments Interface (UPI)-based payments feature here. Developed by the National Payments Corporation of India, UPI is an instant, real-time digital payment system for mobile-to-mobile money transfer between participating banks. With more than 200 million active users in India — the largest anywhere in the world — WhatsApp is expected to drive large volumes on peer-to-peer (P2P) payments and also become a popular platform for merchant payments. India is slated to be the first country globally to get the payments facility from WhatsApp.

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in