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??
Let them try. More competition hasnt hurt us. It is still early for any Upi platforms you mentioned above to have a moat wide enough to discorage new entrants.
These services are based on partnerships, which will be based on commissions and traction that they can provide to their partners (CC, banks, insurance, brokers, merchants etc). The sheer number means one platform wont be able to keep everyone happy and provide satisfactory ROI to everyone.
As volume and transactions increase, bandwitdh requirement increases, failures increase, so they will need more customer service & RMs which will increase costs (we are talking a decade from now)
This might eventually lead to fragmentation & identifying their focus for all platform companies. partnerships will break off, regionalisation might seep in (Pan india wont work anymore economically)
So I believe there is room for atleast 20 more players in the fintech platform space to survive in the long run. There are 20+ banks which are thriving (despite their fuckups) in the CASA market alone
I think a Partnerships person in a fintech (Loans, insurance) can provide much more insight here. I had interviewed at a new lender where I was asked on how would I determine the best terms, try to negotiate & monitor a deal with Paisabazaar.
PS: I got rejected as I didnt have an idea then
Cred is truly a topic of surprise for me. Yes, I understand it has created a community of top spenders/credit worthy people in India. I also understand that they can use the information on such people for creating value for themselves.
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