Digitalization and Fintech

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 of digital payments method such as Paytym, Phone Pe, Google Pay and the platform like CoWIN for vaccination booking shows how the digitalization actually rose up in the pandemic period.

From education to earning in which India has shown a positive growth in digitalization, which has attracted Siddharth Mehta of Bay Capital for investing. According to the report there are about 758 million internet users in India holding about 700 smartphones, which actually shows the rise in the digitalization. Digitalization and Fintech both are co-related to each other for their overall development. This has been closely analyzed by Siddharth Mehta IL&FS former director before investing.

According to him Fintech start-ups are the new unicorns of the market. Modern day customers’ perceptions is different because of Fintech. Fintech has created a kind of good and service or have altered the existing service with the help of the technology for improving the customer experience. Fintech when combines with technology evolve in digitalization. The comfort of customer and safety being the common goal, says Siddharth Mehta of Bay Capital.

Fintech is a sector or is a digital service that offers services in various fields such as Neo banking, wallets, payment gateways, insurance and investment technology etc. Siddharth Mehta of Bay Capital says that the Fintech do provide their clients extensive services. He has a very optimistic view in with regards to investment in it

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