Jose Thattil, CEO, PhiCommerce
We applaud the government’s initiative to establish a Rs 1 lakh crore fund to fuel technological innovation among our youth. This visionary step, offering long-term, interest-free financing, is a game-changer and the fintech sector alone can potentially get elevated to USD 1 trillion by 2030. For digital payments in particular, this will mean many more young entrepreneurs eager to innovate especially in the hardware terminal space will enter the industry and potentially transform payment solutions across India. This fund is not just an investment in technology; it’s an investment in India’s innovative spirit and global leadership in fintech.
(PhiCommerce, recognized for launching India’s first and truly comprehensive omnichannel payment platform, has been at the forefront since 2015, innovating payment solutions for large enterprises. Based in Pune, this trailblazer seamlessly integrates digital payments across all touchpoints, enabling over 600 million cards and handling 2 billion transactions yearly, all while setting industry records with capabilities of 5000 plus transactions per second.)
