“As this digital transformation unfolds, it will create significant economic value for consumers, businesses, microenterprises, farmers, government, workers, and investors - particularly in newly digitized sectors like financial services,” says the recently released report.Read More
The well-attended talk centered around how global entrants and new startups can participate in India’s booming credit landscape targeting both small businesses and consumers, as well as the nuances of the business including approval rates, credit underwriting, and merchant acquisition.
A recent report from Omidyar Network and McKinsey highlights that “digital lending to MSMEs is projected to increase between 10 and 15 times by 2023, to between $80-100 billion in annual disbursements. Combined with a largely level playing field in India, without dominant incumbents, a range of entrants and business models can be successful in tapping that market.”Read More
Like nearly 900 million people in India, Devi has never used a smartphone or accessed the internet. The race to bring those millions online, adding to more than 500 million Indians already connected to the internet, is being contested by the biggest global names in tech. And they're shaping the future of the internet in the process.Read More