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Expanding Horizons of Fintech

Disruptive innovation happens whenever new technologies alter the way markets operate.<br>

Nikunjgundaniya
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Expanding Horizons of Fintech

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  1. Expanding Horizons of Fintech By DigiPay.Guru Presenters: Rahul Patel & Srishti Dey Date: July 31, 2020

  2. Agenda Introduction Fintech’s Landscape Fintech’s Users Expanding New Horizons Q&A

  3. “Disruptive innovation happens whenever new technologies alter the way markets operate.”

  4. Introduction • Payments without ever touching a currency • Global Fintech Investment of USD $137.5 billion in 2019 • One-third of global consumers utilize at least two or more fintech services and those consumers are also increasingly aware of fintech as a part of their daily lives. • As the fintech industry is growing, it is expanding to various fields beyond simple payment settlement functions. Source: EY’s 2017 Fintech Adoption Index

  5. Introduction • Fintech now describes a variety of financial activities without the assistance of a person, such as  • money transfers, • depositing /withdrawing with your smartphone, • bypassing a bank branch to apply for credit, • managing your investments

  6. Fintech Landscape Up until now, financial services institutions offered a variety of services under a single umbrella providing services into individual offerings. The combination of streamlined offerings along with technology enables fintech to be more efficient and cut down on costs associated with each transaction.

  7. Expanding New Horizons

  8. Fuel Retail • Semi automated vs Fully automated • Payment modes: • QR • RFID • NFC • Track fuel expenses • Cashbacks & loyalty • Speed up fueling service • Efficient rush hour management

  9. Parking Solution • Semi automated vs Fully automated • Payment modes: • QR • RFID • NFC • Loyalty & Rewards • Decreased operating costs • Predict future parking patterns • Strategize parking fees

  10. Toll Payments • Payment modes: • RFID • NFC • No queues • Decreased Operating costs • Audit control • Enhanced Transparency • No loss of tickets

  11. Amusement Park • Payment modes: • RFID • NFC • Entrance control • Event management • Visitor management • Digital Ticketing • Interactive Maps • Offers & Promotions

  12. Resorts & Hotels • Payment modes: • NFC • QR • inventory, pricing and guest management • Real-time reports • Service Requests & Ordering • Loyalty & Rewards

  13. Events & Festivals • Payment modes: • NFC • QR • Entrance control • Event management • Digital Ticketing • Interactive Maps • Offers & Promotions

  14. Shopping Malls • Payment modes: • NFC • QR • Phone Number • Offers & Promotions • Loyalty & Rewards • In-Store Ordering

  15. Key Takeaways • When it comes to the adoption of FinTech into businesses, people and consumers are no longer reluctant. • As the fintech industry is growing, it is expanding to various fields beyond simple payment settlement functions. • Businesses should look at the big picture, thinking about what consumers need and want in the long run.

  16. Questions? hello@digipay.guru www.digipay.guru +91 95740 78295

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