 From the government's initiative to digitize the country to global corporation placing and expanding their bets on tech companies in India, the outlook looks bright for the fintech industry. Hello, this is Tahira Noor and today I'll share with you the expected trends for fintech industry in 2020, according to the industry insiders. Number one, UPI and credit demand. The Indian government's flagship payment platform, the unified payments interface has seen wide adoption since being introduced to the public three years ago. According to Mayank Kachwaha co-founder India Lens, UPI has completely transformed payments in the country, ease of use, interoperability and instant settlements. However, despite digitization and the massive success of a platform like the UPI, one thing still holds true for the credit landscape in India, according to Kachwaha. India needs a lot more credit, more than ever. Number two, Neobanks. India's fintech space has also recently seen the advent of Neobanks. Neobanks are financial service providers who are completely digital and have no branches. According to new co-founder Vinay Bagri, 2019 witnessed the maturing of business models of Neobanks across wide range of business operating areas. Bagri is confident that 2020 will bring cheers for the fintech industry in general and Neobanks in particular. Number three, adoption by institutions. According to Jonathan Bill co-founder of Credit Made, one would continue to see the gap growing between financial institutions that adopt or develop artificial intelligence and machine learning related capabilities and those who don't. Aalok Mittal, Chief Executive Officer at Digital Lending Platform, Indifi Technologies says, with technology streamlining processes such as application management, underwriting and EKYC, digital lenders can disburse the loan in as little as 24 hours post the initial application. Number four, digitization of SMEs. The government recently approved the introduction of Ian Voising for business to business transactions. Vinod Subramaniam, Chief Executive Officer at Logo Infosoft, which provides GST solution to Indian organizations, says that the mandate will mark the next phase of growth for software products that will pave the way for digitization of Indian SMEs. Number five, voice based commerce. Abhishek co-founder at Tone Tag, predicts that voice based commerce will be the dominating trend in 2020. 2019 has seen the growing accessibility to newer technologies such as smart speakers, which has helped people access information with simple voice commands. The likes of Amazon and Google have been pushing aggressively into voice assisted gadgets, trying to grab a large chunk of the market. These are the top trends that Pintic experts have predicted. Hope you enjoyed the video. For more such videos, like, share and subscribe to EntrepreneurIndia channel. Thank you.