Industry leaders doubt fintech’s profitability in next few years: report

Industry leaders remain sceptical about the profitability of fintech firms over the next 2-3 years, a new report from venture capital firm Matrix Partners India and Boston Consulting Group (BCG) showed.

This is despite India being a ground for fintech innovation globally, with unique local innovations such as the Unified Payments Interface (UPI) railroad and homegrown RuPay card system.