Covid-19 has accelerated the digitisation of everything from education to grocery shopping and with retail visits dropping drastically, cash also went out of the equation for a while. The fintech industry is playing a critical role in reducing the touchpoints and risks associated with cash exchange. It is safe to say that Covid-19 has been a huge turning point for fintech adoption in terms of lending, insurance, micro-services and more.
Vaibhav Tamrakar of PGA Labs, believes that fintech solutions for niche areas like education, urban housing, student housing and other use-cases will be potential innovation points once again as the vaccine transforms the market once again in 2021.
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