What’s Next for FinTech in India, How Young India Travels & The Rise of Travel Tech with Vinay Bagri Co-Founder Niyo

Jul 26, 2024

In this engaging discussion, Vinay Bagri, co-founder of Niyo and a key player in India's neo banking movement, shares his insights into the evolution of travel tech in India. He explores why young Indians prioritize travel, highlighting that 40% of personal loans are now for this purpose. Vinay also details the dramatic shift from traditional banking to digital solutions and the profound impact of regulations on fintech. He critiques India's tourism strategies, discussing the challenges that prevent it from becoming a top travel destination despite its rich offerings.

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Intro

00:00 • 3min

From Bottled Water to Banking

02:33 • 4min

Evolution of Banking in India

06:06 • 11min

The Shift from Traditional Banking to a Digital Experience

16:41 • 2min

Evolving Fintech Innovations

18:30 • 6min

Evolving Travel Trends of Indian Youth

24:13 • 18min

Navigating Fintech Challenges in India's Travel Sector

42:38 • 14min

Mobile App is The New Bank Branch.

In this episode we have Vinay Bagri, co-founder of Niyo, one of the leaders in the Neo banking movement in India. Vinay shares fascinating insights on how young India travels, the opportunity size of the travel tech market and why India hasn’t become a major travel destination despite having the best to offer.

We also cover Vinay’s journey from FMCG to Banking, The Impact of Regulations on FinTech, And large untapped opportunities in Fintech space.

Timestamps
00:00 - Introduction
00:56 - From Water Bottles to Personal Loans
06:05 - The Rapid Evolution of Banking In the Last 20 years
09:41 - Mobile App is The New Bank Branch
14:57 - The Launch of Niyo
19:43 - Is Travel Tech a Big Market?
24:12 - Where & How Young India Travels
31:03 - How Powerful is Indian Passport?
39:02 - Why Aren’t More People Travelling to India
43:28 - The Good & Bad Of Regulations on FinTech
50:13 - Is IPL Good For Acquiring Customers?
51:17 - What’s Next for FinTech in India
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