Madhur Deora on India’s Digital Payment Boom

When the government of India last year declared that much of its currency in circulation would cease to be legal tender, digital transactions surged. Mobile payment platforms like PayTM stepped in to fill the void, and in the process­ are providing financial services to millions of people unable to open a traditional bank account. In this podcast, PayTM’s Madhur Deora, says financial technology is having an impact on India’s development. Deora joined a seminar about Fintech, during the IMF World-Bank Annual Meetings. 

Contributors:

Madhur Deora, PayTM Chief Financial Officer