India Payment Services Industry Outlook to 2019 – Surging Investments in MPOS, M Wallet and NFC to Drive Growth provides a comprehensive analysis of the various aspects such as market size of the payment industry, mobile wallets, mobile banking and MPOS payments along with online payments and payment gateways. The report also covers the market shares of major companies involved in different segments in the payment industry in India.
The payment market is majorly driven by transactions through mobile point of sale terminals and mobile banking, in FY’2014 registered transactions worth of INR ~ million. There is a growth recorded of 147.6% from the revenues generated by the industry as compared to the previous year, where the total transactions were INR ~ million. Each segment in the payment market is subject to a gamut of different factors such as number of units sold, reach amongst customers and merchant acquisitions that play an important role in determining their respective revenues.
Source: https://www.kenresearch.com/banking-financial-service-insurance/financial-services/india-payment-services-market-research-report/625-93.html
Payments Market in India, Mobile Wallet, Mobile Payments , Evolving Payments Ecosystem, Payments Industry , Payments Bank , Payment Gateways , Mobile Market, Payment Methods
We evaluated the mobile wallet marketplace for customer experience and mobile payment capabilities, see who is coming out on top... but the race isn't over yet! Visit our website for more information regarding our mobile wallet research: http://www.carlisleandgallagher.com/expertise/cg-insights
“The private banks want a European digital single market for financial services and will help to actively promote it,” stresses Michael Mandel, Chairman of the association’s Retail and Wholesale Banking Committee and Member of Commerzbank’s Board of Managing Directors with responsibility for the Business Segment Private and Business Customers. Taking as its starting point the question of how the dynamics of digitisation can be harnessed for this purpose and avoid being held back, the Association of German Banks has now published the study “Digital Payments 2020”. Mandel: “Our goal must be to enable consumers to use standardised mobile payment methods across national borders throughout Europe.”
Mandel sees a particular need to ensure in the context of the new payment services directive PSD2 that the same rules apply to all payment service providers – be they banks or fintechs. Andreas Krautscheid, Member of the Senior Management Board of the Association of German Banks, underlines: “We certainly see room for improvement on some aspects of PSD2 in this respect.” He finds it incomprehensible, for instance, that third-party providers have legally binding access to banks’ infrastructure, but not vice versa. “On top of that, we’re expecting the European Commission to publish an action plan on retail financial services in March. To make sure discussions move in the right direction, we want to get a debate going as soon as possible,” Krautscheid adds.
In its study, the association identifies three key areas for action: 1. mobile payment solutions need to be promoted to increase their reach in person-to-person (P2P) and point-of-sale (POS) transactions, 2. there should be more competition and freedom of choice between e-commerce payment methods, and 3. a standardised modern, digital onboarding procedure should be established to ensure services can be offered digitally and Europe-wide.
Michael Mandel: “We shouldn’t get bogged down in details in Europe but should focus on what really matters – for us that means providing payment services and having a standard procedure for registering and identifying customers.”
Payments Market in India, Mobile Wallet, Mobile Payments , Evolving Payments Ecosystem, Payments Industry , Payments Bank , Payment Gateways , Mobile Market, Payment Methods
We evaluated the mobile wallet marketplace for customer experience and mobile payment capabilities, see who is coming out on top... but the race isn't over yet! Visit our website for more information regarding our mobile wallet research: http://www.carlisleandgallagher.com/expertise/cg-insights
“The private banks want a European digital single market for financial services and will help to actively promote it,” stresses Michael Mandel, Chairman of the association’s Retail and Wholesale Banking Committee and Member of Commerzbank’s Board of Managing Directors with responsibility for the Business Segment Private and Business Customers. Taking as its starting point the question of how the dynamics of digitisation can be harnessed for this purpose and avoid being held back, the Association of German Banks has now published the study “Digital Payments 2020”. Mandel: “Our goal must be to enable consumers to use standardised mobile payment methods across national borders throughout Europe.”
Mandel sees a particular need to ensure in the context of the new payment services directive PSD2 that the same rules apply to all payment service providers – be they banks or fintechs. Andreas Krautscheid, Member of the Senior Management Board of the Association of German Banks, underlines: “We certainly see room for improvement on some aspects of PSD2 in this respect.” He finds it incomprehensible, for instance, that third-party providers have legally binding access to banks’ infrastructure, but not vice versa. “On top of that, we’re expecting the European Commission to publish an action plan on retail financial services in March. To make sure discussions move in the right direction, we want to get a debate going as soon as possible,” Krautscheid adds.
In its study, the association identifies three key areas for action: 1. mobile payment solutions need to be promoted to increase their reach in person-to-person (P2P) and point-of-sale (POS) transactions, 2. there should be more competition and freedom of choice between e-commerce payment methods, and 3. a standardised modern, digital onboarding procedure should be established to ensure services can be offered digitally and Europe-wide.
Michael Mandel: “We shouldn’t get bogged down in details in Europe but should focus on what really matters – for us that means providing payment services and having a standard procedure for registering and identifying customers.”
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The future of payments is uncertain, unknown and impossible to predict.
Our strategist, Tzachi Toledo shared his thoughts as a keynote speaker at Visa Europe Innovation Day in Prague. In his presentation he talked about the future of digital payments to an audience of technologists and bankers.
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Indian Brick Industry report covers India Concrete Block Market Trends,Competition AAC Blocks Industry, Indian Bricks Sector,Fly Ash Bricks Sales,Brick Manufacturing Market in India,Brick Manufacturing Business in India,India’s Brick Industry,fly ash brick industry in India,Challenges Brick Industry,List of AAC Blocks Manufacturers in India,Biltech Market Share India,Indian Brick Industry report covers AAC Block Manufacturing Plants India,AAC Block Manufacturers India,AAC Block Future India,Pricing Strategy Brick India,Bricks and Block Application in India,Magicrete Performance India,HIL Ltd Business Overview India
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