Monica Jasuja

UPI coming full circle with “UPI Circle “ delegated payment mechanism for the family and Household expenses it’s time each Indian has UPI account to meet their daily needs .. huge opportunity for fintechs to build products on this ! UPI will hit 500 users with 2-3 times of that as circle ⭕️ users , ONDC, UPI circle would make India proving that they can build Amazon with best payment method covering lowest economic and small expenses needs for Indians ! UPI best tool for financial inclusion creating financial translations behaviour digital footprints for possible credit inclusion at next level ! Way to go UPI - India 🇮🇳

5

1 Comment

Next week #startup #investors with a collective portfolio of $100 Bn+ are joining us at the #MoneyX conference in Gurugram. Excited to be hosting the phenomenal investors – Hiro Mashita-san, Manish Kheterpal and Rajesh Sawhney for a panel discussion on 𝙏𝙝𝙚 𝙂𝙧𝙚𝙖𝙩 𝙄𝙣𝙙𝙞𝙖𝙣 𝙀𝙭𝙞𝙩 𝙎𝙖𝙜𝙖. #2024 is shaping up to be the year that redefines how startups scale, exit, and create generational wealth. We'll be decoding trends of #unicorns hitting the public markets and secondaries booming like never before. 🚀 Want to know which sectors are the hottest for IPOs or when to hold vs. when to fold? This conversation will give you the insider's edge on how to time your exit like a pro. 🦄 Get your conference pass here – https://4-2.co/47xetuA Vaibhav Vardhan, Pooja Sareen, Utkarsh Agarwal, Sahil Goel, Harshil Khatter, Pratham Nagpal #ExitStrategies #IPO #VC

37

With a large chunk of India's per capita boost coming in from Tier 2 and Tier 3 non-urban clusters, the need to unblock affordability is more acute now than ever. Fit in the fact that the per capita income would still continue to stay below 5L per annum well upto 2030 and #emi as a lucrative growth lever becomes even more clear. The average online shopper would continue to be price and affordability sensitive. This is also reflected at how Amazon continues to leverage #emi as a dominant feature on it's PDP and checkout pages both. Sometimes the price callout itself being the EMI offered! This is where we at Snapmint step in. ✔️ Approval rates that enable true affordability ✔️ Credit penetration at thin credit zones ✔️ Increase AOV and overall GMV ✔️ Superlative EMI checkout experience ✔️ Reassuring post purchase support for your shoppers Click to know more: www.snapmint.com Abhineet Sawa Ram Prasad #d2c #ecommerce #upi #gmv #aov

51

7 Comments

#Indian based Centricity WealthTech is a #digital #wealth management platform, raised $20 million in a seed funding round led by Lightspeed India. This #capital will be used to scale their 2 products - One Digital and Invictus - for #technology and #talent, expanding private banking services, and pursuing #strategic acquisitions. #investment #investing #angelinvestment #vc #wealthmanagement Centricity Lightspeed BeyondIRR Rainmatter by Zerodha Ayushi Dudani Julie Kainz Taarak Dave #gurugram #haryana

9

1 Comment

How Sanjeev Barnwal and Vidit Aatrey Created Meesho ‌ Discover the inspiring journey of Sanjeev Barnwal and Vidit Aatrey, who transformed FashNear into Meesho, revolutionizing e-commerce in India and empowering over 13 million entrepreneurs. Their story highlights the importance of understanding core stakeholders and pivoting based on real-world insights. Swipe through to learn how Meesho became the first Indian startup to receive funding from Facebook and how their innovative approach can inspire you to tackle real problems with empathy and creativity. Stay tuned with Nilesh Dasri for such more updates #financialwealth #financialfreedom #financialplanning #debtservicing #debtcollection

60

68 Comments

In 2023 alone, ₹5,200 crore was lost to OTP-related scams, affecting millions of users across digital banking and e-commerce platforms in India. The worrisome trend has forced TRAI to revisit its anti-spam policies, which may delay OTP delivery. The concern, however, has triggered a new debate among consumers and merchants alike. The new guidelines from Telecom Regulatory Authority of India(TRAI) may prove to be a double-edged sword for the Indian digital ecosystem and consumers. In today's deep-dive analysis, we evaluate if the new guidelines are the need of the hour, even if it comes with a few challenges, including delay in OTP. Read More: https://ow.ly/CJoR50UjEoL #telecom #india #cybercrime

12

2 Comments

Unlocking the Potential of New Age Fintech: Towards an Inclusive, Innovative, and Progressive Ecosystem I'm thrilled and honored to be part of this groundbreaking event on August 1, 2024, at 18:30 Hrs (IST) in New Delhi, which will start off with a keynote by Mr. Baijayant ‘Jay’ Panda, Hon'ble Member of Parliament (Lok Sabha) and National Vice President, Bharatiya Janta Party (BJP) As a payments aficionado, I'm eager to dive into the evolving landscape of fintech and its implications for India's digital future. Ill be Moderating Panel Discussion 2: Building Consumer Trust - Addressing Financial Fraud with focus being - Building Consumer Trust in the Digital Payment Era In this critical discussion, we'll explore: 1. **Fraud Prevention Frameworks**: Innovative approaches to enhance financial system resilience against emerging threats. 2. **Impact of Fraud on Financial Inclusion**: How security breaches hinder the adoption of digital finance, especially in rural areas. 3. **Principled-Based Policy**: Developing robust yet flexible regulations to foster a secure financial ecosystem. 4. **AI and Machine Learning in Fraud Detection**: Leveraging cutting-edge technology to stay ahead of sophisticated fraud schemes. 5. **Consumer Education**: Strategies to improve financial literacy and build confidence in digital payments across all demographics. Joining me are esteemed panelists: - Shalini Shingari, Senior Director, Pine Labs - Ranjeet Rane, Head of Research, Reserve Bank Innovation Hub (RBIH) ## Why This Matters As we push #DigitalIndia into the heartland, building trust is paramount. We'll discuss how to: - Bridge the urban-rural digital divide - Ensure secure and inclusive financial services - Leverage India's UPI success to drive further innovation This conversation is crucial as we aim to make India a global leader in secure, accessible digital payments. ## Event Details - 📅 Date: August 1, 2024 - 🕒 Time: 18:30 Hrs (IST) - 📍 Location: In-Person, New Delhi Don't miss this opportunity to be part of shaping India's fintech future! ➡️ Registration link for the event: [Link in comments] Thank you The Dialogue, Kazim Rizvi , Ayush Tripathi for this invitation. #FinTech #DigitalPayments #FinancialInclusion #FraudPrevention #DigitalIndia

184

17 Comments

Join in and listen to it. Possibly the only #assets, #liabilities and #money podcast in India by Finsire.

20

THE PERFECT STORM While it’s hard to draw a straight cause->effect line between the two phenomena, data suggest a strong co-relation between a surge in unsecured lending and retail participation in the equity markets. A recent column in The Cap Table summarizes it nicely. Selected quotes: ~~~ Lending has become fast, easy, and convenient. Some apps even lend to users with credit scores as low as 550. Each borrower on these apps has 4-5 active loans even though their income and capacity for repayment is limited or untested. On the other hand, 93% of India’s 1.13 crore retail F&O traders lost money—with an average loss of Rs 2 lakh–between FY22 and FY24. The similarity between this average loss and the average loan ticket size is unmissable. 76% of India’s F&O traders had annual income of less than Rs 5 lakh per annum (~Rs 40,000 per month) and a whopping 94% of F&O traders had declared annual income of less than Rs 10 lakh per year (Rs 83,000 per month). The share of ‘low-income’ traders has, in fact, gone up from 71% in FY22 to 76% in FY24, according to SEBI’s findings. Nearly three-fourths (72%) of the country’s F&O traders come from beyond the top 30 cities. These traders are most likely first-time stock market investors as well. SEBI is reportedly considering introducing an investment eligibility criteria for F&O trading to ensure only “accredited” (i.e., high-income and high net-worth) investors partake in the risky asset class. ~~~ While this is a welcome stop-gap measure, it misses a larger and darker picture. What started as a result of the COVID lockdown has now become a dangerous finfluencer-fueled drug habit for users. Hundreds of millions of educated youth who are not meaningfully employed are probably resorting to legalized gambling as the last resort. This trend has worrying social implications and is a very loud alarm signal that we need to create quality jobs fast. Sohini Mitter The CapTable #lending #investing #trading #betting #speculating #speculation #risk #f&o #viciouscycle #danger #employment #unemployment #unsecuredlending #gambling

33

6 Comments

📊 Is pricing the answer to fragmenting the UPI App market? 📊 📈💡NPCI has extended the 30% market cap deadline because the top 3 UPI apps have ~92% market share. Phonepe, Paytm & Gpay capitalized on the early mover advantage. New apps don’t have incentives to compete for UPI volumes because it is a “free product.” And while this was why it grew, it has now also hindered entry of new players ✅ Global real time payment (RTP) equivalents are usually free for the customer while merchants are charged. Ex: 🇧🇷 Pix: Merchant: 0.22 - 0.3% / txn, free for user 🇨🇭 Twint: Merchant:1.3% / txn, free for user 🇵🇱 Blik: Merchant: $0.1 - $0.75 / txn, free for user 🇸🇪 Swish: Merchant: $0.09 / txn, free for user 🇸🇬 PayNow: Merchant: 1.3% / txn, free for user 📈💡 If we want to keep RTP free for the end user, the constraint is free P2P payments. Only P2M can be charged. Is that feasible? Let’s look at the data: 📌 UPI Value (in Cr): From April ‘23 to ‘24, grew by 39.6%. P2P grew from 10L Cr to 14L Cr, at ~32% growth YoY. And P2M grew from 3.2 L Cr to 5.3 L Cr, at~65% YoY. 📌 UPI Volume (in B txn): From April ‘23 to April ‘24 UPI volume grew by 62%. P2P grew from 3.8B to 4.9B, at YoY 29%. P2M grew from 5B to 8.3B at YoY 65%. And proportionally: 📌 April ‘24 Value: Total: INR 19L Cr, P2P: 72.97%, P2M: 27.03% 📌 April ‘24 Volume: Total: 13.3B, P2P: 37.5%, P2M: 62.5% ✅ The constraint of only being able to price P2M transactions is not a blocker, P2M seems to have significant volumes. But that’s the overall P2M market: There is a big segment that falls within P2PM (unorganized merchants), that NPCI will not charge 📈💡Let’s assume that P2PM majorly consists of low value transactions of AoV less than Rs 2000. If we look at AoV > 2000 bucket of P2M transactions, this constitutes for 4.50% of txn numbers, and 68.36% of P2M txn value. ✅ So even excluding P2PM this still leaves a significant~68% of P2M monthly value or 4.5% of P2M txns that can be monetized So what’s the ideal pricing model? ❗Well, the cost of a UPI transaction is ~Rs 0.4. At 13.3B UPI txns that is a monthly cost of Rs 532 Cr. Which is Rs 6384 Cr per annum to maintain the UPI ecosystem! The pricing needs to generate atleast this much❗ 1️⃣ Option 1: Fixed fee / txn: If only AoV > Rs 2000 txns are charged, then to break-even, the fee per txn needs to be Rs 15, which is high. If ALL the P2M txns are charged, then a per txn cost of Rs 0.67 would be enough to break-even. But the P2PM merchant would be impacted 2️⃣ Option 2: % of txn value: If only AoV > Rs 2000 txns are charged, then the break-even fee is 0.15%. If the total P2M value is charged, the fee needs to be 0.10%. Seems to make more sense But even if pricing comes, while it incentivizes new apps it also incentivizes incumbents to keep their market share. Enter: the 30% UPI market share cap To read the full article and other pieces like this, click here: https://lnkd.in/gSPm49aq #fintech #UPI #NPCI

32

2 Comments

🚨 🚨 Paytm Q1 Results: Consumer payments take the hit, merchant biz resilient The company has reported a 137% increase in net loss to Rs 840 crore Operating revenues fell by 36% to Rs 1,501 crore in April-June 2024 on a year-on-year basis. The adjusted EBITDA loss, which excludes ESOP costs, was Rs 545 crore compared to a Rs 84 crore profit in the same period last year https://lnkd.in/gTq7n22r

13

1 Comment

Building Factorwise, modular #SCF stack for enterprises is crucial for enhancing supply chain financing (SCF) in India. Factorwise stack will be used by every enterprise not in just India across geographies 📣. Efficiency can't be ignored. Our recent focus on modularity has allowed us to communicate the utility of our product more effectively. Despite the growing recognition of #SCF, it remains underdeveloped in India, highlighting the need for serious innovation. Feedback from CFOs has validated our approach, increasing our confidence in the potential for transformation in this space. Many existing players seem to operate as "glorified DSA businesses," which adds unnecessary layers between banks and businesses. As a former banker, I have always believed that financing should be a direct relationship between the borrower and the bank. Additional layers only introduce and create new set of inefficiencies. If technology can streamline this process, then we must embrace it. Our goal is to create an SCF modular stack that empowers CFOs and businesses alike, facilitating a more efficient and effective financing ecosystem. Let’s innovate together to reshape the future of supply chain financing in India! Let's collaborate To stay tuned follow Factorwise. #SupplyChainFinancing #SCFStack #Innovation #Supplychainstack #cashflows

4

4 Comments

New to the Payment Business? Dive into this Hindi video to explore the lucrative world of payment aggregation! Learn how to earn 0.2% on every transaction processed through your platform. Imagine processing transactions worth trillions of dollars—what could your revenue look like? This video details everything you need to know about how the payment aggregation business operates in India, including regulatory aspects and how to secure a Payment Aggregation License. Don’t miss out on this opportunity to elevate your financial game! Check out the video now and start your journey in the payment industry today! #PaymentAggregation #Fintech #PaymentSolutions #Entrepreneurship #Finance #BusinessInIndia

35

11/13/2024 Deals Swiggy delivers 15% jump in India debut as investors bet on quick commerce November 13, 20248:51 AM GMT+1Updated 35 min ago BENGALURU, Nov 13 - SoftBank-backed Swiggy’s (SWIG.NS), shares jumped nearly 15% in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries. Swiggy’s shares bucked weakness in the broader Indian market and recorded a better performance than some analysts had predicted for the loss-making firm after its $1.4 billion IPO - the country’s second biggest this year. The stock (SWIG.NS), listed at 420 rupees ($4.98) on India’s National Stock Exchange and rose to a high of 448 rupees, giving the company a valuation of nearly $12 billion. Swiggy and its main rival Zomato are riding a wave of new shoppers in India by offering so-called “quick commerce” grocery deliveries within 10 minutes, diversifying from their main food delivery businesses. The boom in quick commerce sales has hurt supermarket revenues and forced players including Mukesh Ambani, Asia’s richest man, to [USN:L4N3LM1RO TEXT:“launch a faster delivery service”] from his retail stores in India. Swiggy’s quick commerce service Instamart has seen “explosive growth,” Anand Kripalu, its board member, said at the listing ceremony at the National Stock Exchange in Mumbai. Dutch tech investor Prosus (PRX.AS), which owns 25% of Swiggy, said on Wednesday it had made $2 billion on its investment in the company. SoftBank holds a roughly 8% stake. The listing comes as both Swiggy and Zomato face [USN:L1N3MF0DR TEXT:“antitrust scrutiny”] over potential breach of competition laws in the food delivery business and calls from retail groups that their quick commerce business be investigated for alleged [USN:L4N3LW047 TEXT:“predatory pricing”]. The Swiggy IPO was [USN:L1N3MF09O TEXT:“oversubscribed”] by more than three-fold last week, helped over the line by institutional investors rushing in with orders on the final day of the sale. Swiggy’s debut still pales in comparison with Zomato’s (ZOMT.NS), blockbuster [USN:L4N2OZ0L3 TEXT:“listing”] in 2021. Zomato shares have more than tripled since then. But while Swiggy has narrowed its annual losses, it has yet to turn a profit, whereas Zomato posted a fiscal 2024 profit after a loss the previous year. “The company’s continued losses and the challenging market conditions may temper investor enthusiasm in the long term,” Shivani Nyati, head of wealth at Swastika Investmart. Page 1 continue Managing Director and Group Chief Executive Officer of Swiggy, Sriharsha Majety and Managing Director and CEO of National Stock Exchange of India Ashishkumar Chauhan ring the bell during the listing ceremony of its Initial Public Offering (IPO) at the National Stock Exchange (NSE) in Mumbai, India, November 13, 2024.

1

1 Comment

Join us for another exciting episode of - "Cash to Code" series, presented by Signzy. Powered by The Product Folks & 77 Capital. In this episode, we dive deep into the heart of India's fintech revolution with Open Financial Technologies founders Anish Achuthan and Mabel Chacko. Discover the incredible journey behind building one of India's leading fintech companies, Open, and gain insights into the vast opportunities and challenges within the Indian finance stack. Open Money is a digital banking platform designed for businesses. It helps manage finances by combining banking, payments, accounting, and expense management all in one place. This makes it easier for businesses to handle their money efficiently and stay on top of their financial tasks. #fintech #fintechindia #startup #unicorn #cashtocode

5