The Indian digital payment space has seen extraordinary growth in the last few years, with the volume of transactions increasing at an annual growth rate of over 20%. This coupled with the launch of new and innovative payment products like Unified Payments Interface (UPI), National Electronic Toll Collection (NETC) and Bharat Bill Pay Service (BBPS) have firmly placed the digital payment industry on an upward growth trajectory.
Looking ahead, the future seems very promising. In addition to the initiatives already underway one can expect, payments initiated by voice, biometrics and social media accounts, AI, ML, IoT enabled payments, and many more innovative methods.
This CedarIBSi webinar, in association with FICCI, looked upon the current state of payments in India, the emerging trends/developments, the drivers and more importantly what does the future hold for consumers and businesses.
On the panel were: