TECH BYTES – Monthly Tech Industry Bulletin – June 2021

This monthly industry bulletin is our endeavor to aggregate and feature on a regular basis, key trends and insights shaping the technology sector. The information covered here is collated from publicly available sources and gives a bird’s eye view of what has happened in the technology sector during a particular month.
The report will focus on a theme for the month, Leadertalks and Industry Facts

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Key Findings

Theme of the month- Fintech

Indian Fintech adoption rate has been the highest globally, at 87% YoY, vis-à-vis the 64% global average growth rate. Demand-side pull for digital payments grew rapidly after an initial dip in early 2020, mainly driven by four key trends – contactless payments, data-led micro-lending, bite-sized insurance, and traditional-to-digital banking shift. Some solutions in these areas are detailed in this section

Theme of the month- Quarterly Industry Review

Indian IT closes FY21 on an optimistic note- Some key insights- Revenue growth with margins moving towards the pre-covid levels, increased hiring and rising attrition, strong deal pipeline paving way for optimistic outlook & Europe expansion a consistent growth theme

LeaderTalk - Vice President, Strategy and Public Policy, Paytm

Insights about learnings from the pandemic, digital transformation in payments, & Emerging FinTech growth areas

Tech Industry Insights- Trending Industry Themes

Digital Transformation, Growth of unicorns, Time for IPOs, supplychain goes Green, Retail4.0_Online+Offline, D2C Funding

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