Economics · Financial Markets
The exponential growth of FinTech applications in India is driven most comprehensively by which factor?
- 1Surging consumer demand for mobile-first, accessible, and frictionless financial solutions combined with robust digital public infrastructure✓
- 2A decline in nationwide internet and smartphone connectivity
- 3The absolute abolition of traditional retail banking licenses
- 4A strict mandate forcing citizens to avoid physical currency entirely
Correct answer
Surging consumer demand for mobile-first, accessible, and frictionless financial solutions combined with robust digital public infrastructure
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