Budget 2022 expectations: Fintech seek tax benefits, clarity on crypto

Budget 2022 expectations: Tax incentives to consumers and merchants, clarity on cryptocurrency and ease of doing business, here's what Fintech industry wants from finance minister Nirmala Sitharaman

All eyes will be on Finance Minister Nirmala Sitharaman as she unveils the Union Budget 2022 on February 1. The financial technology (fintech) industry has had a phenomenal year, with Covid restrictions forcing people to stay in and manage everything from home. The government has been constantly pushing for digital transactions and the use of technology such as the united payment interface (UPI), which was one of the objectives of announcing demonetisation in 2016. Since then, smartphones have become a valid mode of financial transactions. Mobile wallets and other forms of digital payments happen via smartphones.

Fintech companies have also