Which of the following statement is true about fintech market 1 The total fintech market in India is...........

Finance (Phase -I & II) Banking and Financial system in India

Which of the following statement is true about fintech market ?

1.The total fintech market in India is estimated to be worth $6 billion and is expected to grow to about $12 billion by 2020.

2.With nearly $270 million funding in 2016, India is ranked amongst the top ten FinTech markets globally.

only 1

only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

The total fintech market in India is estimated to be worth $8billion and is expected to grow to about $14 billion by2020.
With more than $ 17 billion funding and over 1,400 deals in 2016, FinTech is one of the most promising sector internationally, according to CII-Deloitte report on the subject released recently.
With nearly $270 million funding in 2016, India is ranked amongst the top ten FinTech markets globally.