Impact of COVID-19 on FinTechs
by Devraj Hom Roy, Anshul Saxena, Akshat Pathak, Shweta Menon and Pritam Patro
Aug 5, 2020
1 min
How has the pandemic affected Indian FinTechs? What measures have the policymakers taken? Are these measures impactful for FinTechs? What are the investor sentiments for this sector? This report, the first in a series of ongoing Covid-19 research on Indian FinTechs and the Indian FinTech ecosystem by MSC, answers these questions in the current market’s context.
The early part of 2020 has been a nightmare for India. The rising cases of COVID-19, countrywide lockdowns, and fear of contracting the virus have taken a toll on the physical, mental, and economic well-being of the people. Until the COVID-19 struck, the Indian FinTech industry was growing rapidly. It was rolling out the products and services based on gaps in the existing financial services and attracted private capital at an unprecedented pace. In this report, we will assess the impact of the COVID-19 pandemic on the FinTech ecosystem of India.
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