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Paytm, Google Pay, PhonePe, Razorpay, CRED, and many others have become an essential part of our life. These are all fintech also known as financial technology. Today everyone, even a child knows what is Paytm and what does it do. Siddharth Mehta Bay Capital CIO who is a well-known investor, philanthropist, and financial advisor also believes that the popularity of fintech has witnessed tremendous growth with the passage of time.    Fintech has witnessed notable growth over the last decade. The outbreak of the pandemic has led the people of India to adopt a digital culture. Now, fintech has become an essential part of daily life. From paying bills to purchase of merchandise, the majority of the work has been taken over by fintech.  India’s youth is tech-savvy, digitally adaptive, and always curious about new things, and it is one of the largest countries of youth, which in a way opens up the doors for fintech and its growth. Entrepreneurs in India are quite young and are always re

Today ChatGPT or OpenAI is in buzz. It’s a hot and trending topic that we encounter these days whether internet, news or any other media. Everyone is talking about it. Well, ChatGPT is an artificial intelligence chatbot which is only about 6 months old since its launch in November 2022. This AI has made several things easy with its role in making things available faster to the user. Siddharth Mehta IL&FS former director and CIO of Bay Capital often seems to talk about fintech and digitalisation in India. According to him, this OpenAI can transform the services of fintech that will boost their growth in offering the services in a more advanced and personalized way. Siddharth Mehta of Bay Capital believes that if this technology is used with fintech, then it will for sure bring revolution in the fintech world offering more advanced ways of business and customer solutions which will ultimately boost the profit. Need to know how this OpenAI will create a digital path?

India’s economy is mainly agricultural. The contribution is more than 50% of the economy. Some of the Indian agri-fintech companies, such as Jai Kisan, Unnati, Farmart, Hesa, etc., actually help farmers gain financial inclusion. Sidhharth Mehta IL&FS former director and CIO at Bay Capital,'s views on fintech are also relatable to this. Since Bay Capital has invested in Digital India, the digitalization of the primary sector is also essential in making the economy fully digital. Sidhharth Mehta IL&FS former director, has also expressed his views on the digitalization of the agricultural sector. He believes that for the overall progress of digitalization, making agriculture a digital one is crucial. Jai Kisan was founded by Arjun Ahluwalia and Adriel Maniego with the aim of providing a full stack of banking experience to rural farmers. They founded this in 2017. Agri-fintech companies will help expand the green economy and green finance. Fintech has the possibility of

Siddharth Mehta of Bay Capital believes that the digital intervention have accelerated the Indian economy. Smartphones and internet usage is increasing the digitalization growth in India amid coronavirus outbreak. He has even praised the government for opting digital platform for vaccination booking in the outbreak period. The rise in internet and low-cost smartphones has attracted Siddharth Mehta IL&FS in order to invest in it. The former IL&FS Director Siddharth Mehta expressed his viewpoint on the importance to emerging digitalization in one of the largest country in the world. According to him, “As an investors we continue to be extremely bullish on India and particularly the large, dominant consumer internet businesses, many of which are likely to be listed over the next 12-18 months.” The acceleration or rise in the digitalization can be seen from the outbreak time. The pandemic has played an important role in accelerating the digitalization in much more manner. Usage

 Financial services are not an exception to how much innovation is transforming various economic sectors. This paradigm shift may alter the very nature of banking in addition to introducing novel services to the market. New categories of business models that take a very different approach to financial services are emerging as legacy banks struggle to digitize. This publication, aimed at financial service providers, policymakers, and regulators, shares CGAP's viewpoint on how financial services are changing through a business model lens. It focuses on the technological forces that are causing the transformation, how financial services are produced and consumed, what new business models are emerging, and how this is altering traditional retail banking.   Read more here :  https://www.latestly.com/agency-news/business-news-fintech-startups-are-the-new-unicorn-of-the-market-says-siddharth-mehta-5031718.html