Just two years ago, cash accounted for 95% of all retail transactions in India, 90% of shop owners didn’t have card readers and 85% of workers were paid in cash. Fast forward to 2018, India continues to be a global leader in the quest to modernize payments. With a surge in digital payment services, QR code-enabled wallets like PayTM, increased merchant acceptance and developments in UPI; India is racing towards becoming a truly cashless economy. With the advent of Aadhar, Rupay cards and Bharat QR, financial inclusion is at its peak. Emergent Technology CTO Abhishek Banerjee has just returned from the region and shares his latest market intel. From consumer spending behaviors to preparing for UPI 2.0 and recurring payments for debit cards, if you are already operating in India or are considering expanding your business there, this webinar is not to be missed.
Abhishek Banerjee, CTO, Emergent Technology