Siddharth Mehta IL&FS is very excited to invest in the Indian market

Siddharth Mehta Former Director of IL&FS and CIO of Bay Capital is very excited to invest in the Indian market, not in other emerging or developed markets. In India, significant growth in low-cost smartphones,  significant reductions in data prices, building an ecosystem of products and services through government digital initiatives, and low-cost, robust development have significantly increased overall Internet penetration. doing. Payment system. Today, more than 758 million Internet users in India have 700 million smartphones. In fact, the average monthly data consumption per user in India is the highest in the world at 13.5 GB, with Indians spending about 6.5 hours online per day.

 


It's hard to talk about the introduction of digitalization and its impact on the market. Over  the last decade, India has laid a pipeline of digital infrastructure. As a result, digital activity has become a part of more than half the country's daily life today, allowing India to avoid the challenges posed by its poor physical conditions. infrastructure. Bank accounts, KYC, daily transactions, access to government services, educational services and even COVID vaccination are all being done digitally  in India today. By overview, India will have more than 25 billion transactions in 2020, making it the country with the highest volume of real-time payment transactions. Next, China made about 16 billion transactions in 2020.

Location: India

Comments

Post a Comment

Popular posts from this blog

An important benefit of FinTech is the use of artificial intelligence

A financial innovation made feasible by technology is known as fintech, or financial technology. This might range from overseeing financial transactions to identifying fraud. According to Siddharth Mehta, CIO of Bay Capital, finance and artificial intelligence have substantially converged . Because of developments in cognition and social simulation, the debate over artificial intelligence technology has moved from the margins to the center. These are the five ways that fintech will change because of AI:   Improved Security   The reason why AI has been so successful in the financial technology sector is because it dramatically enhances security. According to Siddharth Mehta IL&FS former director , the majority of AI deployed in cyber security nowadays takes the form of chat-bots, which mimic conversations in response to frequently asked questions.   Automating tasks to benefit human workers   Financial technology may be significantly advanced by AI-related technologies, incl
Read more

How to Digitalize your Business ?

Going digital has long since stopped being a buzzword. According to Statista, nearly half of the world's population regularly uses the internet. Siddharth Mehta IL&FS , a former director of  and the current founder and CIO of Bay Capital, adores digitalization and applauds the Indian government for putting it into practice all across the nation. The effect of digital transformation today seems to be that everyone uses the internet on a smartphone, making day-to-day tasks simple. These days, instantaneous business transactions and global online travel are not trends but rather everyday necessities. Software can easily digitize your business with so many options available. You can keep up with global trends if you digitize your data and apps.    Including businesses, the government, healthcare, the media, science, etc., every aspect of society has undergone digital transformation or digitalization. It developed into a motivator for business activity both internally and externally
Read more