India’s entrepreneurs have a unique opportunity to shape the future of technology, not only within their own country but across the globe, according to the billionaire founder of one of the country’s most successful start-ups.
Vijay Shekhar Sharma, CEO of financial technology company Paytm, said accelerating internet adoption under the pandemic has increased the need for new, tech-enabled tools in developing countries — a market India is well-placed to serve.
“It is a once-in-a-lifetime opportunity for entrepreneurs to build this in this side of the region,” Sharma said Friday at the Singapore FinTech Festival.
Tapping into India’s potential
Technology today is primarily designed for sophisticated users in wealthy countries, noted Sharma.
That may suit around 1 billion people, he said. But the rest of the world’s 4.6 billion internet users (and counting) will require new, tailor-made solutions as internet use becomes more prevalent.
That’s where entrepreneurs in Asia — and