We covered a deep dive into BNPL in our last episode and we thought it's time to speak to some more industry practitioners to further understand the concepts. We caught up with Nitya Sharma, the CEO and co-founder of Simpl in a candid conversation on BNPL. In our conversation we discuss :

Do listen in to understand how BNPL can be used as a payment convenience.

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In our last episode we got an introductory glimpse into the world of Buy Now Pay Later or BNPL as it is called. In this episode, we thought we would take a much deeper look into the world of BNPL and what goes on behind the scenes. Hemant and Elroy explore the following in this episode:

So if you want to understand BNPL in a nutshell - this is the episode for you.

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Errata

When we recorded the episode we mentioned Klarna has a valuation of 10+ Billion dollars; since then it has raised another round and is well over 40+ Billion dollars. BNPL moves that fast !!!

Buy Now Pay Later or BNPL is an interesting new trend, which is often likened to a more modern version of the traditional installment loan. Globally, it is growing at a stupendous pace, and is expected to reach $600 Bn to $1 Tn by 2025. The trend has been in India for some time as well and is now gaining momentum post the pandemic.

In the first in our series on BNPL, we spoke with Krishnan Vishwanathan, CEO and Founder, Kissht. In the episode we cover:

So tune in to learn more about how BNPL will likely be an important segment in the years to come

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The MSME sector has long been called the backbone of the Indian economy. We have seen the evolution of the sector from one primarily manufacturing simple products to one producing competitive and sophisticated goods like electronic control systems, medical equipment etc. But the sector remains woefully underserved by financial services with an estimated credit gap of $300 Bn.

To discuss this and more we caught up with Gurjodhpal Singh, CEO - India, Tide. In the episode we cover:

So tune in to learn about this fascinating segment.

Note: Tide announced its investment in India after this episode was recorded

Additional Notes

Continuing in our theme of  Fintech for Bharat, this week we look at the role that networks can play in fostering financial inclusion.  Payment networks sit at the crossroads and provide the rails that connect merchants accepting payments and banks that issue payment instruments.

Therefore when a payment network like Mastercard makes a pledge to financially include 1 billion people and 50 million micro and small businesses into the digital economy by 2025, it certainly has the potential to be transformative !!!  

To discuss this and more we caught up with Vikas Saraogi, VP - Merchant Acceptance, South Asia, Mastercard. In the episode we cover:  

So tune in to learn everything you wanted to know about how Mastercard is helping in foster financial inclusion agenda in India

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Continuing in our theme of  Fintech for Bharat, this week we shift our focus to affordable education.

One of the most important enablers of upward mobility in society, is the access to affordable education. A recent survey conducted by the National Statistics Organization revealed that only 10.6% of the Indian population aged above 15 years had successfully completed a graduate degree. This proportion was only 5.7% in rural India. Affordability of quality education is one of the  reasons for these low numbers. How does FinTech enable affordable access to good education?

To discuss this and more we caught up with Varun Chopra, co-founder and CEO of Eduvanz Financing Private Limited. In the episode we cover:

So tune in to learn everything you wanted to know about how Fintech is enabling access to affordable education.

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In our last episode we introduced the problem that diversity in India presents to Fintech and started our new theme of Fintech for Bharat. This week we continue in our series on Fintech for Bharat  and shift the focus to addressing the issue of linguistic diversity.

According to the 2011 language census survey, India has 121 languages spoken by over 10,000 people, with 21 of them recognized as official languages. Despite the fact that 90% of India's population does not speak English, the majority of the internet in India is in English. How does FinTech reach the masses in India with such a diverse set of languages in this situation?

To discuss this and more we caught with Arvind Pani, co-founder and CEO of Reverie Language Technologies. In the episode we cover:

So tune in to learn everything you wanted to know about how to solve for the language barrier.

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As a country, India has a vast amount of diversity across people, language, culture, education and wealth levels. The diversity becomes even more apparent as we from India to Bharat. Can Fintechs be the great equalizer, as they aim to make financial services more inclusive in India? We explore this in our latest theme - Fintech for Bharat

In our introductory episode we examine:

In the subsequent episodes in this theme we will speak with various Fintechs that are aiming to make financial services more accessible across the length and breadth of the country.

Our “once in a decade” contest

We turned 10 episodes old with our last episode and to celebrate this we have a special giveaway planned !!! Up for grabs are three copies of Brett King’s latest book - Bank 4.0. To win a copy do the following:

The best three comments (one each for YouTube, Instagram and Twitter) get a copy of each of the book. Just remember to also follow us on Instagram and Twitter and subscribe to us on YouTube, as we will announce the winners on social media only. Contest runs till the 11th of April.

Find us on:

In our last episode we discussed Embedded Insurance with Chiranth Patil and Suvendu Prusty from Riskcovry. This week, we continue in our series on embedded finance and shift the focus to embedded banking.

Is the future of banking moving towards banking anywhere but never at a banking app? Embedded banking is enabling non-financial companies to bring banking products within their own apps and act as if they were banks. This is opening up all sorts of use cases which will widen the penetration and usage of financial products. We caught up with Murali Nair, President - Banking, Zeta to better understand this phenomenon. In the episode we cover:

So tune in to learn everything you wanted to know about embedded banking

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We began our series on embedded finance with a discussion on embedded credit along with Anubhav Jain, co-founder and CEO of Rupifi. This week we take a look at another interesting and emerging area of embedded finance - Insurance !!!

Why does Insurance have to be always sold, and never bought? Embedded insurance is aiming to change the way insurance is distributed by embedding insurance in user journeys contextually. Riskcovry is helping usher this paradigm shift in India and is one of the leading insurtech companies. We caught up with two of the co-founders of Riscovry, Chiranth Patil and Suvendu Prusty, in our latest episode. We discuss:

So tune in to learn everything you wanted to know about embedded insurance. 

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