Traditional banks have embraced UPI and have the added advantage of an existing customer base. So, why are they worried about startups? In one word, unbundling.
Tag : banking
The ICICI Bank-PhonePe stand-off, UPI and the great unbundling
TiE Leapfrog Special
Would you much rather self disrupt or self destruct?
To those who reckon banks are going to keel over and die in the face of disruption from non-traditional contenders, I have a piece of advice. Hang on. It isn't going to happen so fast