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India's fintech ecosystem garnered $778 million in Q3 of the calendar year 2024, a 66 percent increase versus $471 million for the same quarter a year ago
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India, which is the fourth biggest destination for startup funding behind the US, China and the UK, saw its Q3 position jump to second place, according to Tracxn. Government initiatives such as the unified payments interface (UPI) and substantial investments in digital infrastructure have provided a substantial boost to the sector.
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