The Indian Fintech industry is set to witness a 7.5% increase in job opportunities, driven by digital payments, blockchain innovations, and open banking growth.
The Indian FinTech industry is projected to experience a 7.5% increase in job opportunities, as reported on Thursday. This surge is fuelled by the rapid adoption of digital payments, advancements in blockchain technology, and the expansion of open banking systems.
The banking sector has recorded a 7.3% net rise in employment, primarily due to regulatory initiatives. Similarly, non-banking financial companies (NBFCs) have shown a steady 5.1% net rise in job growth. The report anticipates sustained job growth throughout 2024, driven by digital transformation, evolving regulations, and efforts to boost financial inclusion.
Industries are shifting their hiring strategies, focusing on matching workforce skills with new business models instead of merely achieving headcount goals.
