The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Le Moal: Payment processing could become free in a few years
“All the rest, you could really imagine that in a few years, the payment itself, the processing itself will be free.”
Le Moal: Some Indian startups burn $200M per year
“We are talking, you know, a couple of hundred millions a year.”
Le Moal: Payments remain fundamentally local and regional, not truly global
“I believe actually that payments are extremely local and regional.”
Le Moal: Traditional bank credit scoring only serves the top 1%
“The banks have done this, you know, but all using the same credit scoring model and basically addressing the one percent of the population that actually do not really need credit.”
Le Moal: 90% of Indians Can Repay Debt but Lack Credit Files
“If you go now to India and you want to address really the 90% of the population they do have the means to repay their debt. They do want, of course, you know, to buy stuff online, so consumption is very high, but they have what we call a very thin file.”
Le Moal: Mobile Data Is the Largest Source for Alternative Credit Scoring
“So you need really to have all the credit scoring and the ability to extract data from all over, you know, the different sources. The biggest one actually being your mobile data.”
Le Moal: PayU processed around $18B in payment volume in 2016
“Yeah, so actually we finished this year, right in time, 2060 16, yeah around 18 billion dollars of payments, volumes.”
Le Moal: PayU is growing around 70% annually in India
“However, we see a really big push in India where the growth rates we have right now are around the 70% mark.”
Le Moal: Consumer credit will drive 10% of PayU revenue in 2-3 years
“10% of the total revenues will come purely just from the credit activity. That's what you get basically, you know, around 24 months, 36 months from inception.”
Le Moal: Regulatory compliance is the biggest cost for fintech startups
“That's the big cost actually of fintech for any startup.”
Le Moal: Merchants view buy-now-pay-later as marketing, not payment fees
“When you talk to merchants about this, they see it as a marketing. Yes. For them, it's like, oh, it's not the payments. You know, we are not talking about basis point of cost. For them, it's the marketing instrument to sell more.”