I want to see faster refunds and wallet withdrawal. 
 Money gets debited from our account almost instantly when we buy stuff. But when we request refund it takes 2-3 business days or more. This needs to change and it will reduce a lot of customer friction.  
  
 Razorpay already did this. They process refunds in a matter of hours. But it should be faster than that. ECommerce will flourish with just this one feature.

What do you mean by wallet withdrawal?  Can you elaborate?

Business Development Manager

Say you add money to Groww wallet. And you want to withdraw some of it back. It takes 2 working days to process that.

Analyst

Fintech is deadend business. Most fintechs will die. The ones that have a good upi market share will probably survive. 
 Most fintechs are fancy boys club they have not seen a minor difficult situation, won't last a single recession.

Any insights or something to support this speculation?

Product Designer

How do they make money?..how much they spend to make that money?. That's my logic

Consultant

What's future of fintech in India? At the end of day everyone is eyeing lending as a segment but underwriting using new criteria for serving undeserved market itself looks non sustainable due to ri...

Welcome to Fintech India's Private Community

What's future of fintech in India? At the end of day everyone is eyeing lending as a segment but underwriting using new criteria for serving undeserved market itself looks non sustainable due to risk of defaults. Add regulatory interventions makes things more complex. Do you guys see any new area emerging or any untapped/undertapped segments

Future of Fintech in india

Future of Fintech in india- Grapevine

Welcome to Indian Startups's Private Community

How are startups competing in the same space on almost similar products and raising a lot lot of money on almost similar products 😮.

How to be better than competition if it's almost similar product that everyone is offering especially in FINTECH with plug and play APIs?

Opinions?

Need Serious Opinions

Founder

Considering Edtech, Fintech, E-commerce is done

What is the next big thing in India?

Growth Manager

Amazon's own business lines and new policy changes coupled with the recession's impact on consumer spending finished Thrasio. They were primarily dependent on Amazon for identifying good D2C businesses, acquiring them and turning them into profit-making machines.

What's next for Indian D2C aggregators like Mensa?

Another platform-dependent startup bites the dust

Software Developer

Hi all smart folks out there, I have been wondering for so long as to why did Indmoney's growth stagnate?  They were the first one to launch a comprehensive financial tool and had a freemium model for Advisory. 


What all have been the reasons? And if you used to be a user of the app, what made you stop using it?

Why INDmoney stagnated?

Product Owner

Welcome to Banking & Finance's Private Community

What's your most controversial opinion about the current state of Fintech in India?

Welcome to News Discussion's Private Community

https://m.economictimes.com/tech/technology/non-chinese-lending-apps-including-payus-lazypay-kissht-blocked-on-meitys-order/articleshow/97656552.cms

How safe is it to work in a fintech when RBI/govt goes on banning spree

Software Engineer

Every Fintech nowadays is running to get a NBFC licence to provide service like loan & insurance isn't the market already getting cluttered & They are just focusing on increasing their loan book & with huge default isn't that gonna impact the whole ecosystem? Has RBI turned a blind eye just because these fintech now have NBFC licence

NBFC licence

Product Manager

What is the most exciting fintech innovation you've seen in India recently?

Saw an ad by Mobikwik where they are mocking cred. After bharatpe debacle, Mobikwik extra is doing good and firm is profitable as well.

What do you think about Mobikwik in world of Paytm, phone pe and gpay post IPO??

https://youtu.be/rB6s8yGjcOM?si=nh0LCbfkwEU6C3EE

Cred vs Mobikwik

Senior Consultant

Past 1 year, things are not easy for fintech startups with pressure to generate revenue in the over crowded market. Most of them are selling loans and still not able to make it up. Any startups which are doing good and got the potential to become the next best with better vision, better team and great strategy?

Which B2C fintech startups will survive the next 5 years?

I have recently got laid off from one of the Fintech firms. They have been silently letting off people since last year but the no. Of employees let go have been higher in the past 2-3 months. They have downsized by more than 100 people in the last 8-10 months to avoid PR disaster. Not naming the company but just wanted to know if this is right way to do it both from employee and employer perspective.

Fintech firm laying off

Head Of Growth

We run a platform that works with SME'S , MSME's (can't disclose more on what kind, but like any transaction have buyers and sellers), have active 3 lakh users. 

The amount transacted is above 150+ crore every month.

We realised that these SME'S and the sellers have a lending cycle with the seller every 7-14 days. 

Got some queries for lending (Because these businesses run of cash flow), after in-depth research, we just realised the immense potential we have if we start lending to them (both the buyers & sellers - by lending + invoice discounting).

We already have all the data points since these users have been with us for a very long time.

What does the fintech community think, should we add the fintech-lending to our business? 

(P.s.:  Initial Projections show we start making 12-15 Crore net profit, after launch at 50% utilisation)

Fintech - Lending players -Share your expertise

Project Manager

Welcome to Product Managers's Private Community

Is this true or is it just me? 

I feel at this point there are no moats in consumer fintech.

The framework seems to be in a rut, everybody is doing the same thing.

Account aggregator, spend insights, personal loans, credit card, mutual funds, indian stocks, us stocks, etc etc.

If 5 different apps have literally the same features, with no meaningful edge over the other, what would you go for? How do they stand out?

Customer support? Onboarding? Branding? Picking a niche TG?

Wanna hear what other product folks think about this.

Where is fintech headed?

Remember the time when we were surrounded by 5-6 startups making waves every day? They were the talk of the town, with incredible growth, innovative offerings, massive hirings, and funding galore. We couldn't stop discussing their latest feats!

But lately, it feels like a different era, with a cloud of negativity casting a shadow. 

Dear Indian startup ecosystem, you have a history of miracles and game-changing moments. We believe in your potential to inspire, innovate, and motivate the youth. Let's bring back that magic and remind everyone why we're at the forefront of global innovation. 🇮🇳💡

It's time for something great, something remarkable. Let's reignite the spark and make headlines for all the right reasons!

Kuch machao yaar, it's getting boring :)

The fintech space in India is growing fast. Staying updated with industry trends and tools has been crucial for me, and having guidance from learning platforms like HeyCoach has made the process smoother.

Fintech India’s Growth

Welcome to Office Gossip's Private Community

Soonicorn founder

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Future of Fintech in india

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I am Shrey, CEO of Finsire - Fintech Infrastructure company from Chennai. Ask me anything!