What will it take for India’s fintech infrastructure to go global?
The panel featured Movin Jain of Skydo and CTO Srijon Biswas of PhonePe discussing the transition from India's domestic payment scale to global infrastructure. Cross-border payments remain an underpenetrated market, with fintech handling less than 10% of India's bilateral trade despite significant export and import volumes. The discussion emphasized building awareness of fintech solutions for B2B payments rather than competing on price, as many businesses are still unaware of fintech capabilities for managing international transactions.
Key points
- Cross-border fintech adoption handles under 10% of India's $850B exports and $1T imports
- B2B payments have even lower fintech penetration than consumer payments
- Market opportunity focused on awareness-building rather than price competition
- AI and transparency in cross-border transactions emerging as key challenges
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