Banglani: Credit will become a substantial part of India's UPI
Ritesh Banglani · $600M AUM, 44 Bets, and a 30x Return Unicorn: Stellaris Venture Partners on Picking Winners Early · Feb 14, 2025 · at 36:46
Ritesh Banglani of Stellaris Venture Partners outlines the market thesis behind investing in Kiwi, a credit on UPI platform.
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“If you look at the largest payment systems globally, whether it is Visa or MasterCard or American Express in the US, or whether it is Alipay in China, they have a substantial, if not majority credit component. In India, UPI is massive, but it's debit only. So it is natural to believe that credit will be a substantial part of UPI.”
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