A recent report from BCG and Google projected that the Indian payments industry is estimated to grow 10 times to reach $500 billion by 2020. This steep growth, obviously, will come on the back of disruption and innovation that the industry has already begun to witness.
Leaders in the payment space, such as Paytm, MobiKwik and Oxigen, are getting ready for one of the most intense battles as global tech giants, such as WhatsApp, Google and Samsung, too, are eyeing a piece of action in one of the world's fastest growing payments markets. As this battle unfolds in the background, what is undeniable is the high-growth trajectory the industry will go through in the near future and the multiple payments solutions Indian consumers will be spoilt with.
This fight will not only require deep pockets, but also innovations that work for a diverse market like India. Financial muscles as well as creative ideas backed with tech solutions will need to be deployed to win the one-billion-plus market.
Join us for a deep dive into the emerging payments industry in India at News Corp VCCircle's Payments Summit. The 7th edition of the Payments Summit will be held in Mumbai on 23rd May 2018 at Taj Lands End, Mumbai.
Themed around “The Future of Payments is Here” this forum will witness CXOs from leading payments service providers, business heads of leading banks, CIOs, CDOs, and private equity and venture capital investors.