Mumbai:
Even as India’s payments sector is laying greater emphasis on providing improved services to customers and upgrading legacy technology infrastructures to enhance the overall experience, The Economic Times Cards and Payment Summit set to bring together experts from the industry to discuss the latest trends and service offerings that would help boost the sector further.
The Economic Times Cards & Payments Summit, to be held on June 6 in Mumbai ,will unfurl a world of innovation that will transform how everybody transacts.
Deepak Kothari, Co-founder& COO, ftcash opined,“Payments innovation is happening across the board in the Indian market. UPI 2.0 provides a platform on which several new products/use cases have been developed and will be developed in times to come. Given the size of the market, margins and competitiveness businesses are forced to think out of the box and design for the market. Fintech in India is in an exciting phase and products developed for Bharat will be exported to the world.”
Manish Bhatia, director & CTO, Amazon PaymentsIndiasays said, “India has seen an explosion in payments innovation in the last 5 years, but we are just getting started. India is a mixed economy and changing citizens habit is an adoptive long-term challenge and should not be treated as a technical problem. To support a mixed economy, we will need an Ala Carte of Payment Methods, and fine tune them as our customers mature through an individualised digital journey.”
Supported by favourable regulations and policies, the growth in usage of the digital technology/ smart cards can be witnessed in new sectors as well such as healthcare, public utilities & infrastructure, smart cards for government benefits, grocery stores, food joints, and more.The new trend is shaping up in the C2C domain and B2C, C2B AND G2C have not been left behind with technology partnerships mushrooming across banks, enterprises, and start-ups.
Some prominent speakers including Kaku Nakhate, president and country head, Bank of America N.A, India, ButchiBabu Burra, senior domain Expert (IT), IDRBT, Manish Bhatia, director & CTO, Amazon Payments India, Anuj Rathi, vice president, Products, Swiggy; Arjun Chowdhry, head of credit cards & unsecured lending, Citibank N.A; Ganesh Ananthanarayanan, chief operating officer, Airtel Payments Bank; Praveena Rai, chief operating officer, NPCI; Sajith Sivanandan, managing director and business head, Payments and Next Billion User Initiatives, Google India, Satish Kumar Gupta, MD & CEO, Paytm Payments Bank; Sudipta Roy, head – unsecured assets, ICICI Bank, would address the event.
Times Strategic Solutions Limited
Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits.