Pavitra Pradip Walvekar Insights on Banking as a Service
In today's fast-paced business world, it's not easy to spot a fintech company. With the rise of banking-as-a-service (BaaS) tools, platforms now integrate financial services like business expense cards, bank accounts, and loans into their offerings. This is a game-changer, making platforms all-in-one hubs where customers can manage every part of their business effortlessly," shares Pavitra Pradip Walvekar.
In 2020, the India Banking-as-a-Service (BaaS) Market was valued at USD 8.74 billion. Looking ahead, the sector is expected to grow rapidly, with total revenue projected to increase by 13.2% from 2021 to 2027. By 2027, the India BaaS market is expected to reach nearly USD 20.82 billion.
Banking as a Service (BaaS) is transforming the financial world by integrating various financial services into different platforms. This not only simplifies day-to-day operations for businesses but also enhances the overall customer experience. Having multiple financial functions in one place makes financial management easier for both businesses and consumers.