Digital cash to dominate India’s payment landscape by 2022

Digital cash to dominate India’s payment landscape by 2022

Image from iStockPhoto Caption: IDC Financial Insights predicts that by 2018, markets around the world will launch a national mobile payment scheme for POS, ecommerce, and ATM transactions. India is predicted to be on this path, taking major steps to be among the first few countries to launch a nationwide mobile payment scheme. Already next-generation payment structures, including mobile wallets, payments banks, BharatQR, and electronic authentication, have created new forms of digital payment channels and servicing capabilities. “The payment industry in India is clearly going through gigantic changes. Over the last few years, the tremendous growth in the digital […]