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Digital, Money

Digital Money Conference to Focus on Widening of Digital Payments in India

27.11.2019 - 11:30:49

Business Wire India
The Payments Council of India is all set to host the 12th edition of its annual conference ‘Digital Money’ which will take place on the on 4th December 2019 at Taj Lands’ End Mumbai. The Payments Council of India was formed under the aegis of IAMAI in the year 2013 catering to the needs of the digital payment industry.
 
The day-long conference is aimed to address the trends which are shaping the cashless landscape in the country. The conference will have discussions around the different facets of digital payments and the conference is aiming to evangelise and also promote the sector as one of the pillars for driving the digital giant dream, which has the potential to generate revenue and employment generation for the country.
 
Christophe Mariette, Commercial Director at Lyra & Chairman of Lyra India said, “With India embracing the digital revolution, today we are at a point where every eligible person can be a merchant and every device can be possibly used to accept payments.”
 
Suresh Rajagopalan, Chief Product Officer, FSS  said, “Globally, India is acknowledged as one of the most exciting digital payment markets with sustained regulatory evangelism, leading payment innovations such as UPI and rapid growth of Fintech industry. With a continual push towards digitization, payment service providers need to adopt a new paradigm to serve a large and diverse populace of underserved consumers. The adoption of open banking models will enable financial institutions generate economies of scale, consumerism innovation, expand value chains, helping India leapfrog to a cashless economy.”
 
The digital payments industry is estimated to touch $500 billion by 2020, which would end up contributing around 15% to the country’s GDP. The digital payments space is constantly evolving, and the payments industry has been gaining momentum and is expected to grow at an exponential rate.
 
Over the years, the conference has been the largest annual gathering of Fintech and Digital Payment players, enablers and supportive financial institutions in India which was focused on the multi-channel approach & other emerging trends instigating unified and seamless customer experience in regards to Digital Payments.
 
The conference will have high-profile industry stalwarts like, Ganesh Kumar, Executive Director, Reserve Bank of India; P Vasudevan, Chief General Manager, Reserve Bank of India; Jaya Janardanan, COO, Ujjivan Small Finance Bank; Abhishek Arun, Senior Vice President, Paytm; Ram Narayana Boga, Managing Director, SBI Payments; Bipin Preet Singh, Founder & CEO, MobiKwik; Christophe Mariette, Associate Director & Chairman, Lyra India; Naveen Surya, Chairman Emeritus, PCI & Chairman, Fintech Convergence Council; Srinivasu MN, Co-Founder, Billdesk; Vishwas Patel, Chairman, PCI & Director, Infibeam Avenues amongst others.
 
The conference will serve as a learning platform for the participants to understand the new-age cashless trends in the country and will also serve as platform for industry stalwarts to collaborate, regulators to lead initiatives & experts to provide insights that will drive the growth of the Digital Payment Industry.
About PCI
 
The Payments Council of India was formed under the aegis of IAMAI in the year 2013 catering to the needs of the digital payment industry. The Council was formed inter-alia for the purposes of representing the various regulated non-banking payment industry players, to address and help resolve various industry level issues and barriers which require discussion and action. The council works with all its members to promote payments industry growth and to support our national goal of ‘Cash to Less Cash Society’ and ‘Growth of Financial Inclusion’ which is also the Vision Shared by the RBI and Government of India. PCI works closely with the regulators i.e. Reserve Bank of India (RBI), Finance Ministry and any similar government, departments, bodies or Institution to make ‘India a less cash society’.
 
About IAMAI (Internet and Mobile Association of India)
 
The Internet and Mobile Association of India [IAMAI] is a young and vibrant association with ambitions of representing the entire gamut of digital businesses in India. It was established in 2004 by the leading online publishers, and in the last 15 years has come to effectively address the challenges facing the digital and online industry including mobile content and services, online publishing, mobile advertising, online advertising, ecommerce and mobile & digital payments among others.
 
Fifteen years after its establishment, the association is still the only professional industry body representing the online industry in India. The association is registered under the Societies Act and is a recognized charity in Maharashtra. With a membership of nearly 300 Indian and overseas companies, and with offices in Delhi, Mumbai, Bangalore and Kolkata, the association is well placed to work towards charting a growth path for the digital industry in India.
@ businesswireindia.com