In the time when India's leading fintech player was looking out to survive due to constant friction with RBI, it wasn't a moment of cheer across the fintech sector. At the time of writing this piece, there were news all over about the free fall witnessed by Indian fintech players amidst the news of financial frauds and irregularities observed by the RBI.
When the opportunity is big, many come forward to enjoy their moment under the sun, however, not many are laid with the best of intentions towards consumer interest. When we have a regulatory environment where the Finance Minister suggests monthly meetings between fintech companies, startups, and regulators to address concerns and issues, it becomes the need of the hour to discuss what the future of fintech be. To understand more on how fintech companies can nurture innovation while ensuring regulatory compliance, we spoke to some leading fintec players to understand how these service providers are enabling compliant scale in fintech.
The Digital Payment Provider
ANIRBAN MUKHERJEE CEO, PAYU
PayU is India's leading online payment solutions provider, aiming to create a full-stack digital financial services platform to serve all (tapped and untapped) financial needs of customers (merchants, banks, and consumers) through technology. It provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology.
So far it has empowered 5 lakhs+ businesses, including leading enterprises, e-commerce giants and SMBs. Its payments business is one of the largest, fastest growing and profitable businesses in India among non-banking players.
Esta historia es de la edición April 2024 de Entrepreneur magazine.
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Esta historia es de la edición April 2024 de Entrepreneur magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
My Reflections 2024-25
With the turn of 2024, we have turned the page to a historical moment—a quarter of a century. It is striking to consider how much history has been compressed into these 25 years. This has been no ordinary span of time. This has been an era of tectonic shifts. From the dawn of the digital age and the globalisation of economies to the climate reckoning and the relentless march of artificial intelligence, these years have witnessed transformations that once would have taken centuries to unfold. In many ways, eras have collided, overlapped, and dissolved into each other, leaving a world forever altered—more connected yet divided, more advanced yet anxious, and more hopeful yet uncertain than ever before.
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India's semiconductor industry is projected to grow to USD 80 billion by 2028 from the current USD 23 billion, as per SEMI. The major factor behind this development can be attributed to surging demand for electronics, the rise of smart connected devices highlighted the urgent need for self-reliance in chip design and manufacturing; In this, India has grown significantly in prioritizing local production.
35 UNDER 35
THE CLASS OF 2025- Sixty-five percent of India's fast-growing population is under 35, representing our nation's greatest strength. As a testament to the modern economy, our 35under35 issue every year, the 9th year in a row now, represents their untapped potential. Recognizing the pivotal role of human capital in driving economic growth and innovation, we highlight their efforts in detail in the ensuing pages. We unravel the journey of Young people driving change tackling climate issues, improving lives, and defending rights. To compile our 9th annual list, Entrepreneur India writers and editors-with the help of expert independent judges-evaluated more than 500 candidates on factors including funding, revenue, social impact, inventiveness, and potential. From the young category defining quick commerce players to an Olympic Winner, you will see how young India is reshaping society. India's youth represent the country's greatest strength, with a vibrant and dynamic generation driving the vision of making India a developed nation by 2047. This edition showcases the younger generation's creativity, energy, and ideas, aligning their aspirations with the nation's development goals and fostering a future of innovation, progress, and self-reliance. This issue serves as an ode to celebrate India's youth as they bear influence over millions across the globe. They are pioneering business models, defining culture, and disrupting the status quo. They are driving innovation, pushing boundaries, and effecting change. Let's welcome the visionaries.
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