Today India has probably an addressable market of $10Bn+ for transit payments, but still a significant amount of Transit payments are in cash. But what if this could change? How would this impact the lives of millions of daily commuters in India? We caught up with P.T. Suresh, Founder, PayCraft to answer these questions and understand the evolution of Transit payments in India. We discussed:
🚄The origins and growth of Transit Payments in India
💸 The various business models for Transit payments
📈 Products, growth and traction of PayCraft
🛤️ The road ahead for Transit payments
Timeline
00:00 Start
00:45 Introduction
01:22 Introduction to P.T. Suresh
02:23 Understanding Transit payments
15:56 Business model behind Transit payments
17:16 Global Transit payment models
22:09 Challenges to growth of Transit payments in India
25:15 Understanding PayCraft’s offerings
30:02 PayCraft’s growth and success
33:51 Future plans