Fintech Indian Economy

Career Prospects Of Women In Fintech Industry

Men are dominating the software industry since the early 90’s. But its 2020 and things are changing for the better. Women now experience equal opportunities and share the burden alongside their male counterparts. Still, the fintech industry is seen to be more progressive in terms of welcoming women workforce compared to its counterparts.

The Fintech Scenario In India :

The trend of investing in a small scale business has been catching up to Indian women recently. Many small scale traders can earn money without needing to leave their house with easy access to to mobile payment apps.

It is now possible for women to invest in their own small- scale or home-based businesses. The growth of this field has created wider opportunities which are helping to shape the career of women in India.

The fintech industry is a boon to both the customers and investors by drastically lowering the turn-around speed. Now let’s take a look at how the financial technology industry is paving the way for the career prospects of women.

Ways Through Which Fintech Contributes To Women Empowerment:

Seb-sectors like CRED, Digit Insurance, Lending and digital payment platforms like Bharatpe and Paytm largely make for the development of the industry. Bringing an alternative to the traditional payment methods also shapes the industry.

Home-based businesses are seen to be popular among soon to be mothers who wish to earn money from home. Fintech has also provided relief to traders, resulting in the growth of female entrepreneurs.

Digital payments as a sub-sector of fintech have contributed to women empowerment by eliminating the need to travel.

Elements such as the RTGS/ NEFT transfer system have pitched for the growth of the financial technology industry in this country. Sources say that there are more than 375 startups in India, related to fintech such as UPI applications.

Conclusion:

The fintech industry has helped women to come out of their shells and earn. Today, many Indian women have the freedom to choose the education and career they desire. Fintech is considered to be an asset to many small scale business persons and also to the general public.

Author

Ashutosh Gupta

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