More exciting news on the international front for Nuggets. After our recent backing from the UK Government, I’m delighted to announce that we’ve also been selected to join the Access India Programme (AIP). This is a prestigious initiative providing support to high-potential UK businesses looking to establish a presence in India.

AIP was launched in 2017 by the UK India Business Council, in partnership with the High Commission of India in London. It identifies high-potential UK SMEs that use innovative technologies, and helps them establish themselves within the fast-growing Indian economy.

Nuggets is one of 24 companies chosen for the first cohort. This will give us access to a range of invaluable services, from mentorship to networking and market-entry support.

We’ve always believed in the power of our technology to empower consumers and boost economies. That’s especially true in such a vibrant, tech-focused environment as contemporary India. This support from the Indian High Commission will be a huge boost for our expansion efforts.

Nuggets offers exciting potential for the Indian economy. The country has only recently moved away from making 80% of payments in cash, with 60% of the population unbanked. Even so, India’s GDP is forecast to grow by 7.4% in 2018, and the economy is set to overtake both the UK and France in size over the next few years. A consumer product like ours, which enables simple, secure e-commerce payments, has clear value in accelerating India’s move towards a cashless society.

That move is already under way with initiatives such as IndiaStack; an ambitious program that aims to combine APIs and software on a single platform, and use bleeding-edge technology to bootstrap a new cashless infrastructure. It already boasts protocols such as eKYC and UPI, and could soon add Nuggets to its ranks.

We can’t wait to get started on this thrilling new chapter in the Nuggets story. Watch out for more updates as we get them!