Why America could miss out big time on India’s fintech revolution

[Batman_fan]

https://techcrunch.com/2017/12/05/why-america-could-miss-out-big-time-on-indias-fintech-revolution/

There’s an old trope in the West that India is like Indian trains — exotic, lurching and slow.

But tropes can be bad as a business strategy — and this trope is causing American companies to miss out on Indian moonshots and trillion-dollar opportunities.

In this article I’ll focus on fintech, which is leapfrogging in a way traditional banking never could. Morgan Stanley expects India’s digital payments penetration to increase from 5 percent today to 20 percent, and the e-commerce market to reach $200 billion, with 475 million e-commerce shoppers, adding up to a GDP upwards of $6 trillion — all by 2027.

[Batman_fan]

Despite the deep economic and military ties between the U.S. and India, at the present moment China has stolen a march ahead of America in investing in the Indian fintech frontier. There’s a real risk of American companies being left behind.

[Batman_fan]

I am seeing a lot of potential in Fintech. I think I should start focusing on this rather than IoT and Analytics.

[dasara_bullodu]

Just now, Batman_fan said:

I am seeing a lot of potential in Fintech. I think I should start focusing on this rather than IoT and Analytics.

Agree. IOT is the next if you want to settle in India.... there is nothing that will be replacing, India needs embedded device technology big time. IT will become self sustainable in US given that there an upcoming generation that will replace current immigration.

[TampaChinnodu]

39 minutes ago, Batman_fan said:

I am seeing a lot of potential in Fintech. I think I should start focusing on this rather than IoT and Analytics.

chinna babu already tweeted that Vizag Fin Tech capital of the world ani. 

[princeofheaven]

1 minute ago, TampaChinnodu said:

chinna babu already tweeted that Vizag Fin Tech capital of the world ani. 

balacoin now approaching 1 million USD

[BossIzzWell]

51 minutes ago, Batman_fan said:

I am seeing a lot of potential in Fintech. I think I should start focusing on this rather than IoT and Analytics.

babu also briefed on the same

[Batman_fan]

22 minutes ago, TampaChinnodu said:

chinna babu already tweeted that Vizag Fin Tech capital of the world ani. 

 

21 minutes ago, princeofheaven said:

balacoin now approaching 1 million USD

 

10 minutes ago, BossIzzWell said:

babu also briefed on the same

nenu chepindi endi meru vesindi enti.....inka me thinking anta politics thapa emi vundada....

[TampaChinnodu]

2 minutes ago, Batman_fan said:

 

 

nenu chepindi endi meru vesindi enti.....inka me thinking anta politics thapa emi vundada....

fin tech antey em em technologies. block chain aa. em coding vuntadi andulo. 

[princeofheaven]

13 minutes ago, TampaChinnodu said:

fin tech antey em em technologies. block chain aa. em coding vuntadi andulo. 

fintech is a broad umbrella term which encompasses everything from new age netbanking transactions and blockchain.

[Batman_fan]

33 minutes ago, TampaChinnodu said:

fin tech antey em em technologies. block chain aa. em coding vuntadi andulo. 

see below. 

https://www.forbes.com/sites/laurengensler/2017/08/08/biggest-us-fintech-companies/#549f9d1c59d8

[BossIzzWell]

3 hours ago, Batman_fan said:

 

 

nenu chepindi endi meru vesindi enti.....inka me thinking anta politics thapa emi vundada....

DB lo anthakante emuntundi? 

[Android_Halwa]

Micro financing, finTech, Capital Markets, funds...These are the next big things in India

infact...I see interest rates falling...this is the key...asalu banks lo fixed depoits peeki dobbeyalli...atleast that money can be diverted into stocks and capital markets...

America is a lab..and India is the market...

[Piracy Raja]

1 minute ago, Android_Halwa said:

Micro financing, finTech, Capital Markets, funds...These are the next big things in India

infact...I see interest rates falling...this is the key...asalu banks lo fixed depoits peeki dobbeyalli...atleast that money can be diverted into stocks and capital markets...

America is a lab..and India is the market...

aa inka emti uncle 

[uttermost]

2 minutes ago, Android_Halwa said:

Micro financing, finTech, Capital Markets, funds...These are the next big things in India

infact...I see interest rates falling...this is the key...asalu banks lo fixed depoits peeki dobbeyalli...atleast that money can be diverted into stocks and capital markets...

America is a lab..and India is the market...

lol. em chepthunnav ayya.

microfinancing is expensive. capital markets are a fraction of india's gdp, funds - they are almost non existent in india, fintech okay some flashy new startups.

how will these replace traditional banking in India, which even at its best reaches only about 50% of the population.

sure there's a lot of money to be made in these, but not by destroying the core banking system. and fixed deposits.

are you following SuSu swamy on twitter by any chance? That guy is stuck in the 70s economy, and has nothing to offer the modern economy.