NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, January 8, 2019

By B Amrish Rau

Fintech in India is still young — just five years old — yet it’s a revolution which is changing consumer behaviour. In a short time, it has changed how common people look at money itself. Money used to be cash, then plastic and now a mobile device. In India, new payment solutions like UPI (Unified Payments Interface) and Bharat QR have given a much-needed boost in shifting consumers from cash-based transactions to digital alternatives. For Indian fintech companiesto make the most of it, they need to crystal-gaze about what 2020 could be. To decide what to build, let’s look at what 2020 holds.