India leads world in FinTech investment returns: UK report

The 'Asia as a financial services partner for London' report also found that the "demonetisation wave" in India led to a 1,000 per cent increase in demand for digital transaction technologies last year after the government banned the high-value bank notes of Rs 500 and Rs 1,000.

By: PTI | London | Published: January 25, 2018 3:15 pm

India is a dominant force in the financial technology sector globally with 29 per cent annual returns on investments, a report released by the City of London Corporation said today. The Corporation — the municipal governing body of the British capital — released the report as part of its launch of a new “Asia Next Decade” campaign.

The ‘Asia as a financial services partner for London’ report also found that the “demonetisation wave” in India led to a 1,000 per cent increase in demand for digital transaction technologies last year after the government banned the high-value bank notes of Rs 500 and Rs 1,000.