Riding on UPI, more Indians are taking to digital payments. India has a long way to catch the leaders, but its growth is only next to China
Last week saw two milestones in the financial technology sector in two parts of the world. Razorpay, a payments processing company, became the fifth Indian fintech player to hit a valuation of $1 billion. In Nigeria, Paystack, a similar start-up often called the ‘Stripe for Africa’, was acquired by Stripe itself. The $200-million acquisition was the largest for a Nigerian start-up.