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The rise of neobanking in India

Neobanking is one of the major fintech innovations to have come over the last few years, the next evolutionary step in banking after net banking, mobile banking, app-based banking and online payments. 

The Indian neobanking ecosystem has become one of the most lucrative opportunities for fintech startups, witnessing a high inflow of funds over the past few quarters.

According to Inc42’s ‘State of Indian Fintech Report, Q3 2022. InFocus: Neobanks’, Indian neobanking startups raised $869 Mn across 48 deals between 2014 and H1 2022.

GSTechnologies (LON:GST) overall development of the group includes large customer accounts and growing their blockchain payment and financial services business, with blue sky opportunities in new Disruptive Technologies with synergy to their existing business.

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