India’s leadership in real-time payments could foster several billion-dollar fintech companies capable of serving global markets, a top Razorpay official said on Wednesday.
While speaking during a session at Global Fintech Fest, Razorpay CEO Harshil Mathur cited the emergence of big tech from the US, like Google, Amazon and others, because of the country’s leadership in the internet, saying that similarly, the fintech ecosystem in India can be leveraged by local companies to emerge as global majors.
“We feel proud that 49 per cent of all real-time payments in the world are happening through India, and it’s great. But I hope that other parts of the world capture a lot of the growth.
“Real-time payments are going to create massive opportunity for Indian companies to go and capture their growth. I believe a lot of large multi-billion dollar companies could come out of India because they’ll be able to capture their growth in other parts of the world,” he said.
Mathur said India has a .
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