Note ban opens doors for fintech, but cyber attacks are a big concern

All businesses with a digital presence should keep security as part of their agenda

India is still reeling from the effects of the demonetisation policy that was announced on November 8, 2016. With 95 percent of all transactions still dependent on bank notes, the replacement of the demonetised notes was slow to meet demands. The tech boom helped India to grow as Asia’s third largest economy, but the cash crunch is affecting the tech sector. Many electronic services like Uber and Amazon India are cash-dependent.

Opportunities in fintech despite e-commerce hit

E-commerce was initially projected as a major well of opportunity in India as investments continued to pour in. Large e-commerce firms like Flipkart