Several Founders, Co-Founders, CXO Bankers, CXO Fintech professional & people who participated in the discussions:
- Mr. Manish Khera, Founder & CEO, Arthaimpact Finserve (P) Ltd
- Mr. Nagaraj Mylandla, Chairman & Managing Director, FSS
- Mr. Amrish Rau, CEO PayU India, Naspers Group
- Mr Dewang Neralla, CEO Atom Technologies
- Mr Sunil Dalal, Managing Director, Softcell technologies Ltd
- Mr Rishi Gupta, MD & CEO Fino Payments Bank
- Mr Bhaskar Babu, Co-Founder & CEO, Suryoday Small Finance Bank Ltd
- Mr. Jayesh Shah, CEO, Prism Cybersoft Private Ltd
- Mr. Arun Tanksali, Co-founder & CTO, Nearex
- Mr Ajay B Panicker, CEO & Founder, NetPay Limited
- Mr. Riaz Maniyar, Founder & CEO at easy2lend.com
- Mr. Shashank Kumar, Co- Founder at Razorpay
- Mr. Sandeep Todi, Co-Founder & CMO, Remitr
- Mr. Hemal Shah, Technical Product Manager, Mastercard
- Mr. Sony A, Head – Digital, South Indian Bank
- Mr Probir Roy, Co-founder, Paymate
- Mr P B Prakash, Head Financial Institutions Group, Indusind Bank
- Mr Rana Sinha Ray, Head Technology, TimesofMoney
- Mr Kamonasish Aayush Mazumdar, Chief Marketing Officer, MeraEvents
- Mr Sony A, Head – Digital, South Indian Bank
- Mr Muthu Krishnan, General Manager- Merchant Acquisition at India Transact Services Ltd
- Mr Manish Diwaan, Senior Product Manager, VP Bank, Vietnam
- Mr Avro Mukerji, Investment counselor-NRI Burgundy, Axis Bank
- Many other CEO/CXO Bankers & Fintech professionals on FIAKS Forum
In the community, the news of Google being granted e-money payment license to operate in Europe was shared and members raised the question that – Is Google/WhatsApp forced to take regulatory license in India to operate instead of riding on Sponsor Bank license the way it’s done in Europe?
A member adds an interesting point. He says that the discussion should not be a type of license but a “Yes / No” discussion. In an under-penetrated market ,where the only skill anyone needs/brings is distribution, it’s stupid to give away value (valuation) to international players and not let it accrue to domestic players especially the ones that are publicly listed. Gains of the market would accrue back to citizens. Wealth creation for a few especially flight of wealth outside the country is a bad construct for India.
A standing member of the community responds that we should stay away from giving this an India vs Foreigners colour. Every company in the world will do all that it takes to protect their interests. We need to remember that the Indian economy is at a stage where we want foreign income, investments, and love. We are dependent on that to continue for the next 20 years. We need to sing songs about the “globalization” and welcome model.
China is in a mess over the last 6 months because they seem to have proclaimed their victory as a superpower tad too early. And even at their size, they are being pressurized by the US. They are already talking about dropping the Made China 2025 tech plan. Commentators believe that the biggest mistake Xi is making is showcasing China’s arrogance. The golden years of Deng Xiaoping were always about hiding the dagger, not threatening with it. They have a lot to learn for us.
The member responds by saying any country that has grown, industry after industry, decade after decade has grown on domestic production and domestic consumption and/or exports. No country has ever grown with imports of products or services. That’s imperialism. India/Asia/Africa/Latin America are suffering since forever because of that. We need to learn from our own mistakes if not from others’.
A member comments that 90% of the Indian IT industry will be jobless if other countries reciprocated with the same logic. Indians love convenient one-way logics. Another member adds that he is not saying no to globalisation. But what’s wrong or why people should have an objection to promoting homegrown product/Indian entrepreneur/Indian sportsman.
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