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Fintech stands for Financial Technology.
Whenever a financial activity takes place via technology it is know as Fintech.
Fintech is a multi billion industry, which includes major tech giants Example Google, Apple, Amazon, and many more. And in the world of technology everyone is bending towards Fintech. Fintech helps business to grow fasters and stronger. And in 2019 who doesn't have a financial payment application in their phone. This market is getting bigger and bigger.
And has taken a tremendous bost since PayPal started in 1998.
But is FINTECH only limited till Phone Applications? No not at all.
Fintech is a vast concept and there are various facility that comes under fintech. It includes everything from crowd funding (Stock Market), cashless payment, Virtual currency, etc. So everytime when you making online payment for your pizza well you are using FINTECH.
China and India are leading the world in using fintech service. People can create their virtual accounts from anywhere, they can have a loan, they can renew their insurance, they can pay their bills. And believe us this saves ample of time, thanks to automated services which are available 24/7.
Like any other industry even this is not completely risk free. Your money is not safe until it's in your hand. And we haven't even started the topic of cyber attacks. Taking your business digital and going digital to buy product is a big challenge where trust lags.
Well as we all know risk and rewards are directly related so we cannot do anything about that.
This was an analysis of Fintech Industry. We will be bringing more interesting industry analysis.
Hope you like the blog.
SHARE.EXPLORE.GROW
Fintech stands for Financial Technology.
Whenever a financial activity takes place via technology it is know as Fintech.
Fintech is a multi billion industry, which includes major tech giants Example Google, Apple, Amazon, and many more. And in the world of technology everyone is bending towards Fintech. Fintech helps business to grow fasters and stronger. And in 2019 who doesn't have a financial payment application in their phone. This market is getting bigger and bigger.
And has taken a tremendous bost since PayPal started in 1998.
But is FINTECH only limited till Phone Applications? No not at all.
Fintech is a vast concept and there are various facility that comes under fintech. It includes everything from crowd funding (Stock Market), cashless payment, Virtual currency, etc. So everytime when you making online payment for your pizza well you are using FINTECH.
China and India are leading the world in using fintech service. People can create their virtual accounts from anywhere, they can have a loan, they can renew their insurance, they can pay their bills. And believe us this saves ample of time, thanks to automated services which are available 24/7.
Like any other industry even this is not completely risk free. Your money is not safe until it's in your hand. And we haven't even started the topic of cyber attacks. Taking your business digital and going digital to buy product is a big challenge where trust lags.
Well as we all know risk and rewards are directly related so we cannot do anything about that.
This was an analysis of Fintech Industry. We will be bringing more interesting industry analysis.
Hope you like the blog.
SHARE.EXPLORE.GROW
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