{"id":3079,"date":"2025-05-20T04:46:39","date_gmt":"2025-05-20T04:46:39","guid":{"rendered":"https:\/\/tat.capital\/?p=3079"},"modified":"2025-07-15T01:35:07","modified_gmt":"2025-07-15T01:35:07","slug":"the-biggest-fintech-revolution-in-the-world","status":"publish","type":"post","link":"https:\/\/tat.capital\/?p=3079","title":{"rendered":"The Biggest Fintech Revolution in the World"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3079\" class=\"elementor elementor-3079\">\n\t\t\t\t<div class=\"elementor-element elementor-element-90ee38d e-flex e-con-boxed e-con e-parent\" data-id=\"90ee38d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e36075e elementor-widget elementor-widget-heading\" data-id=\"e36075e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Biggest Fintech Revolution in the World<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92d61e7 hfe-post-info-layout-inline elementor-widget elementor-widget-post-info-widget\" data-id=\"92d61e7\" data-element_type=\"widget\" data-widget_type=\"post-info-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"hfe-post-info-inline hfe-post-info-items hfe-post-info\">\n\t\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-0650bdf hfe-post-info-inline-item\" itemprop=\"datePublished\"> \n\t\t\t\t\t\t\t<a href=\"https:\/\/tat.capital\/?m=20250520\">\n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-date\">\n\t\t\t\n\t\t\t\t\t\t\tMay 20, 2025\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-bcc892e hfe-post-info-inline-item\"> \n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-time\">\n\t\t\t\n\t\t\t\t\t\t\t4:46 am\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-885fe7a elementor-widget elementor-widget-text-editor\" data-id=\"885fe7a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">India is growing at 7%, making it the fastest growing major economy in the world, but everyone already knows this. It will be the youngest country with an average age of 29 and contribute to 25% of the global working force by 2020. Some paradigm changing government initiatives like\u00a0<a style=\"margin: 0px; padding: 0px; font-weight: bold; color: #000000 !important;\" href=\"http:\/\/www.digitalindia.gov.in\/\">Digital India<\/a>\u00a0and Aadhaar are driving the institutionalisation of unorganised markets (~15 million mom-and-pop stores which run on cash) and digitisation of 1.2bn+ people setting India up for some incredible multi-decade growth.<\/p><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">I first read about \u2018the fintech revolution\u2019 in The Economist a few years ago. But we see no greater fintech revolution than what is happening currently in India. According to KPMG and NASSCOM, Indian fintech transaction value is set to increase from US$33 billion in 2016 to US$73 billion in 2020. Let\u2019s take a closer look at some of the drivers of this.<\/p><ol style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\"><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">National ID Database<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Bank Accounts for Everybody<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Rapid growth in Mobile<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">The India Stack<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">New Payment System<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">Demonetisation<\/li><li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">The Opportunity for Australia<\/li><\/ol><div><span style=\"color: #888888;\"><span style=\"font-size: 16px;\">\u00a0<\/span><\/span><\/div><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">National ID Database<\/span><\/p><blockquote style=\"margin: 0px; padding: 0px; color: #888888; font-style: normal; font-weight: 400; font-size: 13.92px;\"><p><em style=\"margin: 0px; padding: 0px;\">&#8220;The system in India is the most sophisticated that I\u2019ve seen. It\u2019s the basis for all kinds of connections that involve things like financial transactions. It could be good for the world if this became widely adopted.&#8221;<\/em>-Paul Romer, chief economist at the World Bank<\/p><\/blockquote><p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">Since implementation in 2009, the Aadhaar act has biometrically identified 1.1bn Indians (~90% of the population) and created a single national database on the cloud. It provides an identity card with a unique lifetime 12-digit code, verified by fingerprints and iris scan. \u00a0This is a comprehensive authentication tool, which is very effectively tackling the problem of fake and double identities, leakage of payment benefits and tracking real economic activity. Population in some of the most rural, remote areas of India are now on the official system for the first time. Aadhaar is estimated to save the government about $2 billion a year, and this could rise to $7 billion by March 2018, or 0.35 percent of gross domestic product, according to research firm CLSA. This will add considerably more in economic activity and tax revenue in a country where only 2-3% pay tax. See the incredible penetration India has managed in just 6 years.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4aa3ac1 elementor-widget elementor-widget-button\" data-id=\"4aa3ac1\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/tat.capital\/wp-content\/uploads\/2025\/06\/fintech-revolution.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read Full Insights<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Biggest Fintech Revolution in the World May 20, 2025 4:46 am India is growing at 7%, making it the 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