How India’s financial services industry is shaping up in the next decade: An Infosys Finacle perspective

February 23, 2025

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Over the past decade, India has experienced remarkable growth in financial services innovation. In 2011, only 44% of Indians aged 15 and older had a bank account. By 2021, that number increased significantly to 78 percent. As of August 2024, the PM Jan Dhan Yojana, India’s initiative to provide universal, affordable, and formal financial services to the unbanked, had onboarded more than 530 million bank accounts.

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When considering transaction volumes, India’s journey becomes even more impressive. For instance, UPI payments…

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How India’s financial services industry is shaping up in the next decade: An Infosys Finacle perspective

February 23, 2025

, By admin

Over the past decade, India has experienced remarkable growth in financial services innovation. In 2011, only 44% of Indians aged 15 and older had a bank account. By 2021, that number increased significantly to 78 percent. As of August 2024, the PM Jan Dhan Yojana, India’s initiative to provide universal, affordable, and formal financial services to the unbanked, had onboarded more than 530 million bank accounts.

Company	Value	Change	%Change

When considering transaction volumes, India’s journey becomes even more impressive. For instance, UPI payments…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Asus is making a ‘Fragrance Mouse,’ and it’s coming to the US

Next News

AI Cloud Firm Lambda Secures $480 Million in Funding as Demand for Nvidia-Powered Servers Surges

Hi! This is Admin.

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