Sunday, 22 March 2015

India will have an explosion in Instant Mobile Payments- Lizzie Chapman



"When the entire market cap of the indian banking system is the same size as an average european bank, there is an explosion waiting to happen. I am here to be a part of that."

My video with the deeply insightful and the extremely articulate Lizzie where we explore whats happening to the payments space and how that will bring in a revolution/ transform India.

We are lucky to have NPCI, which is focused on tech innovation on payments and has released a unified payments interface, a massive API for the entire banking ecosystem. All you need now to access a bank account is a phone. individuals and companies can plug into the banking network without acquiring infra (e.g. Visa, MasterCard etc). with UID/ Aadhar and other identification platforms, even higher fund transfers will become easier.

Final takeaway : Instant virtual mobile payments will leapfrog every other form of payment in india, accelerating Indias digital, ecommerce and consumption revolution.

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