Payment space:- This has been most challenged by tech-driven new entrants. Mobile Internet and smartphone penetration have been a game changer in consumer and SME finance and payments.

Marketplace lending or P2P lending:- It offers online platforms to match borrowers and lenders with the aim of lowering the borrowing cost for borrowers and increasing returns for lenders. Marketplace lending has been around for over a decade but has only seen a take-off in growth over the last few years.