There has been a marked increase in bitcoin-based scams by fraudsters in the last few months that have been deemed inevitable as the cryptocurrency gains prominence.

There has been a marked increase in bitcoin-based scams by fraudsters in the last few months that have been deemed inevitable as the cryptocurrency gains prominence.

New fintech hub to launch as India’s first

A new fintech hub has been announced for the coastal Indian city of Visakhapatnam which would see companies including Visa set up shop in a to-be-constructed ‘Fintech Tower’.

The accelerator program run through Singapore-based FinLab will open applications to Indian fintechs to offer the nation access to world’s best growth markets.

The accelerator program run through Singapore-based FinLab will open applications to Indian fintechs to offer the nation access to world’s best growth markets.

Fintech accelerator programs across the globe are increasingly turning to India as a hotspot for incubator programs, harnessing the local entrepreneurial market talents.

With close to 30 million devices sold in the second quarter of 2016, India has the fastest-growing smartphone network in the world, according to the International Data Corporation.

The global phenomenon that is fintech could soon see banks throughout India closing their doors for good.