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Why fintech, acceptance of digital firms in markets were 2021's high points

The significance of the fintech revolution is evident from the fact that India has 14 fintech unicorns, and six of the top eight are payment companies

digital payments
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The UPI now comprises 60 per cent of total payments by volume, with digital payments touching $300 billion in FY21 — from a mere $16 billion in FY16

Shivani ShindePeerzada Abrar Mumbai/Bengaluru
The year 2021 was an inflection point for the Digital India story. Thanks to the pandemic, the country grasped what it really means to be on a digital roadmap.

Since the 2020, the Indian startup ecosystem has received investments of over $100 billion, the unicorn list has crossed the golden figure of 50, and Indian bourses saw some successful startups raising over Rs 42,800 crore.

India’s fintech sector also touched new highs. There has been rising internet mobile penetration, a large engineering talent pool, a collaborative India stack and an encompassing regulatory environment. The Unified Payments Interface (UPI) now comprises 60 per

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