“Even in payment, there will be 10 companies which are relevant, each getting to specific pockets. But in certain areas, there will be leader, right? Say in SME segment, there will be two or three players, which are large enough. In e-commerce as the industry, there will be two or three players, which are large enough and calling 90% of the entire market.”
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More from Akash Sinha
AssertionNot checkable as stated
Sinha: Cashfree Captures Up to 50% of New Indian SME Signups
“Today we get more than 45 to 50% of new SME signups, which are happening in there right on cash-free, right? We get more than 30,000 leads on cash-free platform every month, which is a very sizable number. We have clearly won the SME market, right?”
Akash SinhaMar 27, 2023▶ 10:42Breaking Down India's B2B Digital Payment Ecosystem with Cashfree CEO Akash Sinha
AssertionNot checkable as stated
Sinha: Cashfree Holds Up to 60% Share in Payouts and Verification
“I think there are a lot of products which we have pioneered in the industry, likes of PRs, connected banking, verification, and a lot of these markets, we own more than 55, 60% of market share, right?”
Akash SinhaMar 27, 2023▶ 11:18Breaking Down India's B2B Digital Payment Ecosystem with Cashfree CEO Akash Sinha
AssertionSupported
Cashfree was India's first payments company to launch bulk payouts
“We were the first payments company in India to launch payouts. No one had payouts back then.”
Akash SinhaMar 27, 2023▶ 30:17Breaking Down India's B2B Digital Payment Ecosystem with Cashfree CEO Akash Sinha
PredictionNot checkable as stated
Sinha: Existing Payment Companies Will Dominate, Blocking New Entrants Within Five Years
“Same is going to happen with payments also in the next five years, right? So whatever payment companies are there today in five years, they'll become more dominant and it's very difficult to start a payments company.”
Akash SinhaMar 27, 2023▶ 39:32Breaking Down India's B2B Digital Payment Ecosystem with Cashfree CEO Akash Sinha
AssertionSupported
Sinha: UPI Adoption Triggered a Big Rise in Phishing and Scams
“Risk and fraud is another big area that we see emerging due to the launch of UPI and making digital payments more and more convenient. We also saw a big rise in terms of all the incidents around, you know, scamming people or people losing money because of all …”
Akash SinhaMar 27, 2023▶ 42:00Breaking Down India's B2B Digital Payment Ecosystem with Cashfree CEO Akash Sinha
Opinion
Akash Sinha: Legacy Payment Gateways Became Distribution-Heavy Rather Than Product-Driven
“So before us, a lot of these businesses were single product business. They just had one payment gateway. They're just hiding a lot of bells and whistles around it and trying to fit into all the use cases, right? Again, it becomes difficult. And beyond that tim…”
Akash SinhaMar 27, 2023▶ 17:09Breaking Down India's B2B Digital Payment Ecosystem with Cashfree CEO Akash Sinha
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