| | OCTOBER 20214 Vol 03 · Issue 12 - OCTOBER 2021 Publisher Alok Chaturvedi Editor Sujith Vasudevan Editorial Aveek Pal Chaudhuri Avinash Roy Emmanuel Christi Das Ananth.V Group Art DirectorAshok KumarAdvertising Managers Ashu Sethi Abhay Katiyar Noida Rohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of IInfoConnect Web Technolo-gies India Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2021 InfoConnect Web Technologies India Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Girisha M Souvik AcharyaVP - Sales & Marketing Amrit SinghCirculation Manager Magendran PerumalCorrespondents Sigma Mohanty Subhadarshani MohantyDespite 2020 being an awful year, the lockdowns and social distancing norms happened to be a blessing in disguise for the financial industry, especially for the fintech segment, as the Covid-19 outbreak led to a 30 percent strong explosion in digital payment transactions. 2021 brought newer hopes with over 2.3 billion UPI-based payments processed in the country in January alone. The total quantum of digital transactions is expected to cross Rs.4,630 crore by the end of the current financial year. It's going to be field days ahead of the fintech industry.The experts predict that the year 2021 will push India more towards becoming a digital-first economy and fintechs are well positioned at the receiving end of its benefits. And this time, they are marginally ahead of the banks itself, being the advocates of financial inclusion. The rapid growth of fintech players has already aided in accelerating financial inclusion, thanks to new age technologies like AI and ML that open novel avenues benefitting both the industry and the consumers alike. The implications are also pointing in the direction that the banks in the country are moving more to the backend of things. This engenders an excellent opportunity for fintechs to directly connect with banks' systems so they can build products on top of the banks' regulated infrastructure, using Banking-as-a-Service (BaaS). Fintechs could leverage BaaS to develop seamless, scalable payment experiences across and within borders. We believe it's an ideal time to unfold the stories of some of the exceptional leaders in the segment.Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comA Glimpse of Tomorrow-finance Editorial
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