The race is on to reshape India’s digital payments landscape. Who’s in the fray, and why?
On 19 August, the Reserve Bank of India released its final guidelines allowing companies to apply for licences to operate payment systems. In the three weeks since, the digital payments market has gone from pandemic lockdown mode to frenzied activity.
Going by accounts from multiple industry executives, several payments and financial companies have actively started exploring this new game and some are even in serious partnership talks with domestic and global players. Interest has been simmering since RBI first announced in February that it would allow the creation of new entities to manage pan-India payments networks (which we wrote about …
Arti is a former writer at The Morning Context. She previously worked with publications such as ET Prime, VCCircle, Firstpost and EETimes. Arti has keenly tracked the evolution of financial technology in India and written some of the defining pieces on the ecosystem as it birthed and matured. Even when not writing about it, she loves to dissect the revenue models, margins and regulations that are shaping the sector.
artisingh@mailtmc.com