PhonePe, a leading digital payments and financial services platform in India, is gearing up for a public debut. Owned by Walmart and headquartered in Bangalore, the company has filed confidential draft papers with India’s market regulator, SEBI, to raise $1.35 billion through a pure offer for sale (OFS). This method,...
India’s Automated Tollbooth Solution Uses AI and NVIDIA Technology
Every American visitor to India feels the impact of traffic congestion inside cities and at toll crossings. With the massive expansion under Transport Minister Nitin Gadkari, India now boasts the world's second-largest road network, spanning nearly 4 million miles and featuring over a thousand tollbooths, many of which are operated...
Powered by Digital Public Infrastructure India’s Masses Modernize
A G20 policy document prepared by the World Bank says that India has achieved financial inclusion targets in just 6 years which would otherwise have taken at least 47 years. Transaction accounts from approximately one-fourth of adults in 2008 are now over 80 percent” the report says. *UPI: A Unified Payments...
In India, a Financial Technology Revolution in the Offing
The Economic Times shares a report released by the Boston Consulting Group and Google, according to which by 2020 digital payments in India will touch $500 billion. In the next five years, the payments landscape will change in India: The Unified Payments Interface which allows customers to link all their...