in India
28R8uoc
28R8uoc
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
37 F<strong>in</strong>tech <strong>in</strong> <strong>India</strong> - A global growth story<br />
Globally, there have been numerous success cases for<br />
F<strong>in</strong>ancial Inclusion, but the major factor beh<strong>in</strong>d them has<br />
been support of government and regulators. Gett<strong>in</strong>g all the<br />
stakeholders together and creat<strong>in</strong>g a w<strong>in</strong>-w<strong>in</strong> proposition for<br />
each will be lead<strong>in</strong>g the way towards creat<strong>in</strong>g a f<strong>in</strong>ancially<br />
<strong>in</strong>cluded society. All these <strong>in</strong>itiatives will have to be well<br />
supported by International societies and if required funded<br />
by them.<br />
Global Snapshot 2015<br />
9%<br />
of people <strong>in</strong> low- <strong>in</strong>come<br />
countries use cell phones<br />
to receive money<br />
68% 89% vs 24% 11%<br />
Most of the world’s<br />
population growth will<br />
be <strong>in</strong> less developed<br />
countries over the next<br />
decade<br />
89% people <strong>in</strong> high<strong>in</strong>come<br />
countries have<br />
an account at a f<strong>in</strong>ancial<br />
<strong>in</strong>stitution compared to<br />
24% <strong>in</strong> low-<strong>in</strong>come<br />
countries.<br />
of people <strong>in</strong> low<strong>in</strong>come<br />
countries saved<br />
money at a f<strong>in</strong>ancial<br />
<strong>in</strong>stitution.<br />
Source:Aite<br />
© 2016 KPMG, an <strong>India</strong>n Registered Partnership and a member firm of the KPMG network of <strong>in</strong>dependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Change language