Mass Transit systems in India: Biggest Payments opportunity

Payments in the context of transit applications is one of the greatest opportunities for Fintech innovators and more importantly for implementers. Within no time you will see the Oyster card in UK and the Clipper in California getting replaced by mobile using NFC or some other enabling technology. In India we have this huge opportunity to directly jump over to the future of transit payments. Some implementers need to see that and some innovators need to sell that vision. In the area of telecom, India was far behind in the wireline telephony sector while the world was making advancements. India jumped directly to wireless, quickly moved to 2.5G, 3G and beyond and rest is history. Can we do that in payments in general and transit applications in particular?

We are still at a very nascent stage in terms of the ...

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