In the last six months, a series of events like the bitcoin surge, movement to Real Time Payments and Open Banking overtures through PSD2 has brought a new alignment of financial forces. Disruptions like IoT, mobile technology and deeper in-roads of smartphones has further skyrocketed customer expectations. Many millennials are expecting their banking experience be seamless and uncluttered as their…
The recent presentation by Sundar Pichai about Google Duplex made the world stand up and take notice. It marked the arrival of robo-assistants that understood the nuances of human conversation. The interaction mimicked the intonation and rhythm of a conversation. The presentation saw Google Duplex successfully making a restaurant reservation without even the business owner suspecting that it was a…
The demonetization drive of November 2016 had a profound impact on the people of both rural and urban India, significantly changing the way in which they transacted money. While the adoption of e-wallets and other digital payment methods were low before demonetization, the months after saw a sharp surge in the popularity of digital finance. E-Wallets and mobile payment apps…
We are witnessing an era of digital payments globally, which has an immense market size and ever-increasing market popularity and growth. High smartphones and internet penetration has propelled this market further in almost all major world economic zones. Digital payment mobile applications are easily accessible, and with numerous governments taking initiatives to promote digital payments, their market growth is expected…
Digital Payments Landscape: The Current Snapshot Rapid changes in digital technology have immensely transformed the payments industry. With a vast business model to support an existing, highly competitive market, it is imperative to look for innovation, convenience, and faster payment solutions. A massive increase in smartphone penetration and mobile wallets has accelerated the adoption of digital payment services. Online retailing…
