Introducing Prime’s special series on ‘Fintech in India - Past, Present and the Future’. This is the 1st episode titled ‘India Fintech 1.0 - Pre Aadhaar & Smartphones’ in a 3 part series.
In this special series of episodes, Sanjay Swamy, our Managing Partner speaks with industry stalwarts Srikanth Rajagopalan and Anshul Rai. Srikanth is currently the CEO of Perfios Account Aggregation (AA), an off-shoot from the Perfios legacy. Anshul is the Co-Founder and ex CEO of Happay, his claim to fame is Happay’s celebrated exit to CRED for $180M.
Watch this episode to learn firsthand experience from 2 of India’s first mobile payments entrepreneurs Sanjay (mChek) and Shrikant (ngpay). They share memorable anecdotes and valuable lessons on frugal innovation such as how IRCTC and Telcos helped solve distribution at scale.
0:05 - Evolution of FinTech in India
4:22 - How did they become Entrepreneurs?
12:57 - 1st Generation of Mobile Apps on Nokia phones
24:58 - 1st Innovations in Mobile Payments
31:05 - Conclusion
This episode ends as a great segue to the 2nd generation of #fintech in India that will be highlighted in episode 2, stay tuned!
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