Financial Performance Analysis of the Select FinTech Companies of India’s Digital Payment Industry: A Comparative Study

Financial Performance Analysis of the Select FinTech Companies of India’s Digital Payment Industry: A Comparative Study

Puja Bhowal

Ph.D Research Scholar, Department of Commerce, Assam University, Silchar.

pujabhowal7@gmail.com

Prof. Parag Shil

Professor, Department of Commerce, Assam University, Silchar.

paragshil1@gmail.com

Abstract: The main goal of financial reporting is to give information about a company's performance and financial status through the statistics that are revealed in financial statements of annual reports, which are then used as a reference for decision-making. This article's goal is to examine the significance of financial ratios obtained from financial statements of annual reports in order to assist people in comprehending the performance and financial health of a firm. Two companies belonging to the indian fintech payment sector have been selected to evaluate their financial position and performance over the past two consecutive years. Fintech, or financial technology, has transformed how people and businesses handle their finances by enhancing and automating financial services and procedures. In india, mobile payments have grown significantly during the last ten years, particularly in the unorganized sector. There is still plenty of room for additional penetration as businesses and individuals want to quickly adopt technology that is easy to use, safe, and reasonably priced. The payment-based fintech companies help people in india to access financial services by making it more affordable to send money and receive payments.

Keywords: Financial analysis; Ratio analysis;  FinTech.