Google Joins India's Mobile Payments Race

The video discusses the burgeoning mobile payment market in India, highlighting the role of government initiatives like demonetization in fostering growth. It examines the competitive landscape with players like Google entering the market and the significant growth in mobile payment products such as UPI and IMPS. The video also explores the factors driving this growth, including a large smartphone user base and the need for improved merchant ecosystems and infrastructure to support digital payments, especially in rural areas.

What is the projected growth of smartphone users in India, and how does it relate to mobile payments?

Discuss the importance of internet penetration in rural areas for mobile payment growth.