MUMBAI: Technology is transforming the retail industry in the country which will provide credit access to millions of small retailers helping the market to grow, Infosys co-founder Nandan Nilekani said on Wednesday.
"We are already seeing growth in digital payments, which reached $1 trillion last year and are expected to reach to 1.1 billion transactions a day in the coming years...you will see the possible expansion of credit, democratisation, so millions of retailers will have access to credit using the digital footprints or the account aggregator," Nilekani said virtually addressing the Retail Leadership Summit.
