India may be one of the world’s most active fintech markets, with EY’s Fintech Adoption Index 2017 even rating India as the nation with the second highest rate of fintech adoption. But behind the arc lights, there’s a bottomless void filled with many players.

In March, mobile wallets saw their value of transactions plummet 23% in just one month.

AUTHOR

Mandar Kagade

A policy wonk and a lawyer (in that order), Mandar Kagade is focussed on the development of regulatory policy in connection with the payments ecosystem. He is passionate about exploring intersections of finance and policy.

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