ASX-listed payment provider Findi, backed by the Flannery family, is … Continued
15 November 2023
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- Hundreds of million Indians are still unbanked, while more still are underbanked
- Findi could grab this opportunity, being a pure-play Indian-focused fintech
- We reached out to Findi’s non-executive chairman, Nicholas Smedley
Despite increased internet usage and tremendous growth, more than 350 million Indians are still either unbanked or underbanked.
Distance to a banking facility is a major barrier, particularly for those living in rural areas where cash still rules.
These people often rely on alternative financial services such as money orders or transfers.
The Indian government, for its part, has encouraged people to open a bank account by launching ambitious programs like the People’s Wealth Plan, or by asking banks to offer zero-balance accounts with no opening fees.
As these programs are continually being rolled out across the country, there’s an obvious big opportunity here to provide banking services to the masses.
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March of the small-cap fintechs
Small-cap fintech players Findi and OFX are marking one of … Continued
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CRITERION: Who’s cashing in on cashing out in India?
Cash here is becoming like the orange-bellied parrot – highly … Continued
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Payment provider Findi lands licence for branded ATMs in India
ASX-listed payment provider Findi, backed by Wilson Asset Management and … Continued
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Cash Still King; Digital on the Rise
Need to know Listed exposure to growing Indian fintech market … Continued
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‘India is where China was in 2006’ – Here are Banyantree’s top three India-focused stocks
Banyantree says HDFC is one India’s largest banks and will … Continued
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The new Middle Kingdom – Why Banyantree thinks India is like China in 2006
Banyantree Investment Group growth says India has all the elements … Continued