We are witnessing a Fintech revolution in India with many new companies and products coming up. Some of these companies like Instarem are competing with the banks in the remittances space by providing low cost solutions, some companies like Mobikwik, Bankbazaar have developed apps that transfer money quickly, others have developed innovative peer to peer lending platforms. This could mean that the banking sector is under threat due to the disruption caused by Fintech companies.
Impact of Fintech Startups on the Banking Sector in Indiasituation, how can they learn and collaborate with these Fintech startups to develop a new face of banking in the coming years.
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