1 / 7

The Future of India’s Digital Payment Space Decoded

The cash withdrawals from ATMs declined by 47% to 286 million in April whereas withdrawals from Aadhaar enabled payment systems u2013 AEPS using micro ATMs doubled to 87 million from 34 million.

Shyam1
Download Presentation

The Future of India’s Digital Payment Space Decoded

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Future of India’s Digital Payment Space Decoded

  2. Introduction • Over the past decade, the payments industry in India has undergone a major transformation with the increased penetration of the internet, mobile phones, and exponential growth of the digital payment ecosystem. • While everything was changing at a certain pace, a sudden disruption in the form of Covid-19 has changed the world fundamentally, altered the way consumers think, behave, and adapt to the ‘new normal’. • And while the consumers do that, it is important for businesses also to change the way they function and adapt to this new normal just as swiftly.

  3. POS Terminals and Possibilities

  4. POS Terminals and Possibilities • POS Terminals and Possibilities – The POS terminals have helped in taking a giant leap towards a cashless economy and society. • A Point of Sale system consists of hardware and software which helps customers to make payments using every type of payment method. • It has also enabled Aadhaar authenticated deposits and withdrawal which is helpful in a country like India. • For instance, the KYC process was made extremely easy through Aadhaar. • This, in turn, has helped the underserved to open accounts and benefit from the schemes like Jan Dhan Yojana and come under the financial inclusion program.

  5. Cashless Payment Is Here To Stay

  6. Evolute Group • We are on a mission to TechPower the world ™ and accelerate worldwide change with our suite of highly efficient, extremely smart, scientifically and financially viable embedded systems solutions. • Our products and solutions are built to provide services in the FinTech, CleanTech, GovTech and Industrial Electronics sectors while supporting SaaS, PaaS and on Premises Opex Models. • Tried and tested, our end-to-end FinTech solutions are bridging the divide by reaching out to unbanked communities across the globe and making their financial lives seamless. • For more details visit to The Future of India’s Digital Payment Space Decoded

  7. Evolute Group For more information visit our official website Evolute

More Related