Monday, August 30, 2021

August 30, 2021 - China still withholding 'critical information' on Covid origins: Joe Biden

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TradeBriefs Editorial

From the Editor's Desk

Why payment apps that thrive in India struggle to succeed in Mexico

One fintech veteran from India found out the hard way why "Mexicans love cash."

Before he arrived in Mexico, Delhi-born Arpit Gupta designed and built Formula race cars in Europe. Back in India, he had a brief stint as a product manager at a fledgling digital payments company - one which, at the time, had fewer than 20 employees. That company, Paytm, which he left in 2014, is about to go public in what's likely to be India's largest ever rupee-denominated IPO. Gupta, now half a world away in Mexico City, is trying to replicate his former employer's successes and build a mobile payments company in a country that's still stoically clinging onto cash.

Continued here


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