Unlock BFSI 2.0: Covid-19 a bigger boost for fintech than demonetisation

While top fintech experts agree that there are more opportunities than challenges for the sector, they underline the importance of digital literacy and customer awareness in rural India

While demonetisation was a trigger for the adoption of digitisation in India, the Covid-19 pandemic had made the sector achieve in 5 months what it would have otherwise taken 5 years to achieve, said top financial technology (fintech) and technology-finance (techfin) experts at the Business Standard Unlock BFSI 2.0 webinar on Friday. While they all agreed that there were more opportunities than challenges for the sector going ahead, they underlined the importance of digital literacy and customer awareness to enable rural India to become part of the fintech revolution.
 
They were speaking at the second session of Business Standard’s