- Nandan Nilekani: Startups built on India's digital public infrastructure valued at over $100 Bn
- UPI designed to provide foundation for innovative offerings

- Nandan Nilekani: Startups built on India's digital public infrastructure valued at over $100 Bn
- UPI designed to provide foundation for innovative offerings by homegrown entrepreneurs
- 'Finternet' concept pitched as future of finance, offering unified platform for all asset types
- Indian fintech space projected to become $2.1 Tn market opportunity by 2030
- RBI Governor announces launch of UPI Circle and Bharat BillPay For Business at Global Fintech Festival 

 Source: [Inc42](https://inc42.com/buzz/startups-built-atop-indias-digital-public-infra-pegged-at-100-bn-nandan-nilekani/?itm_source=recommendation&itm_medium=article-sidebar&itm_campaign=trending)

Indian Startups Built on Digital Public Infrastructure Valued at $100 Bn: Nilekani

Indian Startups Built on Digital Public Infrastructure Valued at $100 Bn: Nilekani- Grapevine

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- The UPI Circle-Delegate Payments feature allows primary UPI account holders to delegate transaction rights to secondary users, enhancing shared financial management.
- This feature is particularly useful for families, joint account holders, and businesses, enabling shared access to a single UPI-linked bank account.
- Full delegation allows secondary users to make payments independently, while partial delegation requires primary user approval for transactions.
- The linking process involves scanning a QR code or selecting contacts from the phone, with security measures like passcodes or biometric authentication.
- Key beneficiaries include family members, employees, and rural users, promoting financial inclusion and convenience. 

 Source: [Times of India](https://timesofindia.indiatimes.com/technology/tech-news/upi-circle-what-is-it-features-functionality-and-other-details-of-this-new-feature/articleshow/112690036.cms)

UPI Circle: Revolutionizing Shared Digital Payments in India

Journalist

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The National Payments Corporation of India (NPCI), a special unit of the Reserve Bank of India, plans to extend the deadline for introducing a 30% cap on the market share of individual UPI ecosystem participants, the sources said. 

The NPCI had initially planned to enforce the market share cap in January 2021, but postponed the deadline to January 1, 2025. TechCrunch had previously reported that the regulator was moving towards extending the deadline further after concluding that there is no practical solution to address the issue.

source: techcrunch

India’s mobile payments regulator is likely to extend the deadline for imposing market share caps on the popular UPI payments rail by one to two years, India is likely to once again extend the deadline for market share caps on UPI in a move that is expected to benefit Google Pay and PhonePe.

India weighs delaying caps on UPI market share in win for PhonePe, Google Pay | TechCrunch

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Let’s create a list of best startups in terms of tech and its product future possibilities.

India’s Best Startups In Terms Of Tech And Future Product Growth

Software Engineer

- RBI Governor Shaktikanta Das launched UPI Circle and Bharat BillPay for Business at GFF 2024
- UPI Circle allows delegation of payments to trusted secondary users, capped at INR 15,000 monthly
- BBPS for Business streamlines B2B payments, offering services like invoice management and AR/AP dashboards
- EnKash and OPEN partner with NPCI to launch B2B invoice payments on BBPS for Business platform
- RBI approves FACE as self-regulatory organisation for fintech sector 

 Source: [Inc42](https://inc42.com/buzz/global-fintech-fest-2024-rbi-governor-launches-upi-circle-bharat-billpay-for-business/)

RBI Governor Unveils UPI Circle and BBPS for Business at Global Fintech Festival

https://www.youtube.com/watch?v=fE0frCNDccQ&ab_channel=CRED

Why is CRED spending so much on Ads ? Do they really need it ?

Software Developer

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. 

India on the other hand is poised to become a great multi-trillion $ economy.

Onto something huge. We're talking like 10x growth of the economy here.

Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. 

Be the capitalist, take the risks, make bets, work and stack up promotions and money.

Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

Work hard and build in India 🇮🇳

Product Manager

- The rise in market cap of companies like Zomato, Policybazaar, and MamaEarth has paved a promising path for Indian startups aiming to go public.
- Zomato co-founder Deepinder Goyal recently joined the billionaire club as his company's market cap crossed Rs 2,00,000 crore ($24 billion).
- Nykaa’s Falguni Nayar and her family hold over 50% of the company, with a collective worth of over $3.25 billion.
- Veteran entrepreneur Sanjeev Bikhchandani's shares via Info Edge are valued at $3.24 billion, making him a significant player.
- Despite challenges, founders like Paytm’s Vijay Shekhar Sharma and PolicyBazaar’s Alok Bansal continue to hold substantial stock values, highlighting the lucrative potential of Indian startups. 

 Source: Entrackr - tinyurl.com/2do9kuy3

Indian Startup Founders Reap Billion-Dollar Fortunes

Heading back to the stone age

Consultant

What do you think is the next big thing for Indian Startups?

Does this affect the stable money value prop.? Because as mentioned in the post fixerra is bringing in multiple FD issuers and providing infrastructure to build. Would that lower the entry barrier for building B2C product in FD segment as any fintech can expand horizontally in this segment by integrating with them.

Or stable money themselves are using these types of tools as an enabler? Just wanted to understand if I'm thinking this right?

Indian Startups Built on Digital Public Infrastructure Valued at $100 Bn: Nilekani

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