The Bid cover image

128: How Digital Payments Are Revolutionizing India ft. Infosys Chairman and Co-Founder Nandan Nilekani

The Bid

00:00

The Unlocking of the Unique Idea to Payments

The unique idea, not only gave ID, it gave electronic KYC. It's what allowed geo to come in and get 100 million customers in six months. We felt that unless we make payments ubiquitous and cheap, you can't really create a transaction economy. By October 2016, we were doing 100,000 transactions a month. But it was a very small scale. We wanted to tackle percent to percent payments and percent to much in payments. Without it, we'll just never get there and be internet will pass us by.

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