♦ According to the World Economic Forum report, India is among the top fintech hotspots alongside the US and the UK.

♦ The report, named 'The Future of Global Fintech', was released at the Annual Meeting of New Champions in China's Tianjin.

♦ The report revealed that fintech hotspots include the UK, India, the US, Singapore, Brazil and Indonesia, each of which headquartered over 10 firms and showcased a booming fintech sector.

♦ Additionally, the top operating countries for fintechs included the US, the UK, India, Singapore, the United Arab Emirates, Brazil, Colombia, Mexico, Indonesia, and Germany.

♦ The global survey of 240 fintech firms indicate customer growth stabilising at 37 percent, while financial performance remains strong with revenue growth at 40 percent and profit growth at 39 percent.

♦ Micro, small and medium enterprises (MSMEs), low-income individuals and women constitute significant portions of fintechs' customer base (57 percent, 47 percent and 41 percent, respectively), particularly in emerging markets and ♦ developing economies (EMDEs) where these segments are also contributing meaningfully to fintechs' bottom lines.