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A Glimpse At What India's Digital Payments Sector May Look Like In The Not-Too-Distant Future


A Glimpse At What India’s Digital Payments Sector May Look Like In The Not-Too-Distant Future
by Swarajya Staff - Jun 2, 2021 12:37 PM
Source: People vector created by pch.vector - www.freepik.com
Snapshot
The Smahi Foundation reports hints that financial inclusion in India is just the beginning of the massive changes towards a highly financialized society
Smahi Foundation has recently published a detailed report on Digital Payments in India.
Digital payments is an exciting space changing the way business is conducted in India, bringing in greater formalization, compliance and financialization. The report brings out the tremendous growth experienced in this regard especially after the Jan Dhan Accounts were opened and the JAM trinity came into play. ....

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What The Future Holds In The Indian Digital Payments Space


What The Future Holds In The Indian Digital Payments Space
by Ritu Bhandari - May 12, 2021 12:42 PM
Making digital payments
Snapshot
With e-payments becoming popular as time progresses, here are a list of futuristic reforms that are likely to happen in India, making the less-cash and easy transfer concept more ubiquitous.
Cash is king, but Digital is divine. India has built an expansive, secure, efficient and scalable public digital infrastructure, ‘India Stack’ which is paving the way for a massive world-leading ‘Digital Payments Revolution’.
The entry of well-funded and aggressive technology-first companies (erstwhile dominated by Banks) has made digital payments ubiquitous in India and laid a strong foundation for digitization and cross-selling of other financial services and products. ....

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