Long before UPI, smartphones and Aadhaar transformed digital payments in India, mChek was trying to turn mobile phones into wallets. In this episode of the Prime Venture Partners Podcast, Shripati Acharya speaks to Sanjay Swamy, former CEO of mChek and Managing Partner at Prime Venture Partners, about one of Indias earliest attempts at building mobile payments.Today, Indias digital payments ecosystem feels so deeply integrated into everyday life that it is difficult to imagine a time when paying through a mobile phone sounded unrealistic. UPI transactions have become second nature. Street vendors display QR codes. Utility bills are settled in seconds. A mobile number has effectively become a financial identity layer for hundreds of millions of Indians.But long before UPI, smartphones,…
India Business and Economic Context
India’s economy continues to show strong growth momentum, consistently ranking among the fastest-growing major economies globally. With a young and growing working-age population, increasing digital penetration across rural and urban India, and an ambitious government infrastructure programme, the business landscape offers significant opportunities alongside competitive challenges.
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Key Points at a Glance
- Originally reported by leading Indian financial media
- Relevant for entrepreneurs, MSMEs, investors, and business professionals
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Source & Further Reading
This news report was originally published by YourStory on Sat, 23 May 2026.
📰 Read the full original story: yourstory.com — Full Article ↗
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