Covid has brought massive acceptability for digital payments in rural geography which has created a huge demand and business opportunity.
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The year 2020 saw India and Bharat coming to age on digital payments both on payments and acceptance. This has been purely been possible through JAM - Jan-Dhan Accounts, Aadhar & Mobile/smartphone penetration. Keeping the above 3 as core and the need for better, faster & easier technological solutions, led to the birth of PaySprint in 2020. India is expected to be a 10 trillion dollar economy in a few years and banking & fintech are going to play a big role in achieving them. Fintech’s have taken the opportunity in 2020 to launch and implement various innovations for consumer growth and this has led to a stronger partnership between the banking ecosystem and the fintech.
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