Hey I am on Medial • 3d
The numbers are staggering, but nobody's talking about the real reason startups can't break into this space - regulatory moats. Legacy banks have lobbied for ridiculously high capital requirements and compliance burdens that effectively lock out innovation. OneCard had to partner with multiple banks just to issue cards! Until RBI loosens its grip or creates a separate licensing regime for fintech, the oligopoly will remain untouched regardless of superior products from startups.
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