The hottest sector for investments, innovation and burning venture money in India aren’t e-commerce, food delivery or ride-hailing. It’s digital payments. From 671 million transactions in Nov 2016 when over 85% of India’s physical currency was summarily demonetised, the volume of digital transactions has grown to over a billion by the end of 2017. The projected market is slated to be $500 billion by 2020. Whether local or international, all the 800-pound gorillas of tech are battling it out for leadership with their own payments products—Flipkart with PhonePe, Google with Tez, Facebook with Whatsapp Payments, Amazon and Alibaba-backed Paytm*.


Arundhati Ramanathan

Arundhati is Bengaluru-based. She is interested in how people use money in the digital age and how new economies will take shape based on that interaction. She has spent over 10 years reporting and writing on various subjects. Previous stints were at Mint, Outlook Business and Reuters.

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