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Bank in a Box the Indian Scenario

Memories of writing a cheque, going to the bank, collecting a token and waiting for your number to be called out to get your money has long faded. Some of us may have never experienced this. You then had to take that money and shop for your daily needs. All this can now be done in the comfort of your home, with a click on your mobile phone. FinTech has rapidly changed our way of life. According to an E&Y report, ‘The e-commerce market in India is expected to reach INR 7 trillion by 2023, growing at a CAGR of 20% during 2019-23’.

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