Digital financial services mkt to be $70 bn by 2020: McKinsey
Agencies: Mumbai, Nov 14 2012, 22:03 IST
by the end of the decade.
The McKinsey study further said the revenue growth in the digital space is likely to grow at up to 30 per cent annually during the remaining part of the decade, which is twice that of the overall revenue pool.
The study added that while demand is increasing, domestic financial institutions are currently ill-equipped to serve online consumers and capture the emerging opportunity.
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