The Fintech (Financial Technology) sector got a considerable boost last week as PayPal began offering payment services in India. Other companies adapting technology to improve traditional financial services include Alphabet Inc. (NASDAQ: GOOGL.O), PayPal Holdings Inc. (NASDAQ: PYPL), Square (NYSE: SQ) and GlancePay (CSE: GET) (OTC: GLNNF).
Payment processor PayPal Holdings Inc. has launched domestic operations in India, a market that is already dominated by China’s Alibaba-backed PayTM, which is currently the country’s leading digital payments firm.
This move supports increasing growth in the entire sector that is expected to rise well into the next business cycle at a CAGR projected to average around 30%.
Entry by PayPal Holdings Inc. (NASDAQ: PYPL) into the very lucrative online payment sector in India also …View the full post at: PayPal Entering India Signals Further Strength for Fintech Worldwide …
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