Monday, April 15, 2024
Outlook India
Outlook Business

Latest Fintech Sector News

During the 28th meeting of the Financial Stability and Development Council (FSDC), FM Sitharaman urged regulators to maintain continuous vigilance and take proactive measures to identify emerging risks to financial stability.

There have been around 30 acquisition deals in the Indian Fintech space in 2023 as compared to 37 and 29 deals in 2022 and 2021 respectively.

The report highlighted that among some of the popular destinations for Indian travellers, Thailand has an average ATM withdrawal fee of 2.62 per cent, Singapore at 1.41 per cent, and Australia at 1.15 per cent.

The report observed that the banks and financial institutions are moving towards 100 per cent digital for the retail and MSME segments over the next decade.