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India's Payment Tech Scales Beyond Silicon Valley
16 Sep
Summary
- Juspay processes 350 million daily transactions, exceeding Silicon Valley's scale.
- Brands like Maruti Suzuki and Decathlon are adopting digital payments.
- RBI's forward-thinking regulations provide India a competitive advantage.
At the Global Fintech Fest 2026 in Mumbai, Ishan Sharma, Head of Business Development at Juspay, shared insights into the future of digital payments. Juspay, India's first unicorn of 2026, currently handles 350 million daily transactions, a scale Sharma noted is unmatched even by Silicon Valley.
The company is witnessing a significant shift as major brands, including Maruti Suzuki and Decathlon, embrace digital payment solutions. Sharma also touched upon the emerging trend of agentic commerce, cautioning that AI paying on behalf of users could lead to a 'dystopian' scenario.
Sharma highlighted India's unique regulatory environment, crediting the Reserve Bank of India (RBI) for its proactive approach to financial technology. This regulatory advantage fuels Juspay's global ambition to compete and excel against developed markets.
Defining Juspay's philosophy as 'open,' Sharma expressed confidence in the company's ability to power commerce worldwide, from Bengaluru to Berlin, with Indian-built infrastructure. The company envisions a future with auto-paying invoices and agents transacting on behalf of users.
