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Union Budget 2022: Big Push For Digital Banking, But No Relief From Zero MDR For Payments Startups
Primus Reports
Union Budget 2022: Big Push For Digital Banking, But No Relief From Zero MDR For Payments Startups
01-Feb-2022

According to a Primus Partners report, the Indian market’s fintech adoption rate of 87% is much higher than the global average of 64%. The fintech market in India was valued at $50 Bn-$60 Bn in FY20 and is estimated to touch $150 Bn in 2025 and a large part of the fintech growth is attributable to UPI.

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