In India, digital payments are changing the game for women entrepreneurs
(Last) week the world’s preeminent business leaders, innovators, investors, and entrepreneurs are gathered in India for the eighth annual Global Entrepreneurship Summit (GES). GES2017 is focusing on the role women entrepreneurs play in advancing inclusive growth, with one key area of discussion being the digital economy.
The location of this year’s summit is no coincidence. Over the last several years, India has emerged as a driving force in the digital revolution. Host city Hyderabad is home to T-Hub, the country’s largest startup incubator, a partnership between the government of Telangana, three of India’s premier academic institutes (IIIT-H, ISB, & NALSAR), and private sector leaders.
Across the country, the Indian government has championed entrepreneurship and embraced innovation in high-growth industries, particularly financial technology. Significant infrastructure upgrades, advancements in biometric technology, multiple channels, new platforms, and an enabling regulatory environment have laid the foundation for the country’s broader digital financial ecosystem to take root and change the game for women entrepreneurs. Today, India serves as an inspiration for other countries working to accelerate their digital economies and advance financial inclusion, especially for women.
Photo courtesy of Maria Andersson.