A report from Boston Consulting Group (BCG) and PhonePe says that Indian digital payments and its extensive Pulse database is going to look at top digital payments trends in India. India's digital payments landscape has witnessed a phenomenal growth over the past five years. As a result of this unprecedented growth, digital payments (non-cash) will constitute 2 out of 3 payment transactions by 2026. The report also talks about how the digital payments ecosystem has been positively disrupted by the entry of multiple new players with diverse offerings driving digital payments adoption at scale. Leading global and Indian fintech players have been key drivers of UPI adoption in India among end users, aided by buildout of a large QR-code based merchant acceptance network, and further supported by user-friendly interfaces, innovative offerings and an open API ecosystem. The report goes on to list the levers for further growth of digital payments in India which include - simplified customer onboarding, continued push for consumer awareness, expanding merchant acceptance, merchants getting greater access to credit, infrastructure upgrades and the setting up of a financial services marketplace driving growth in underpenetrated regions. It also talks about how IoT, 5G & CBDC will provide further impetus to growth.
The report is an in-depth commentary on the growth of digital payments in India and looks at factors and enablers that will help unlock the massive growth potential going forward. India's largest Fintech platform has seen the growth of UPI over the last few years. UPI has supercharged India's transition to non-cash payments when it comes to both person-to-person (P2P) and person-to-merchant (P2M) transactions. Not surprisingly, UPI saw about a 9x transaction volume increase in the past 3 years, increasing from 5 billion transactions in FY19 to about 46 billion transactions in FY22: accounting for more than 60% non-cash transaction volumes.
A report from Boston Consulting Group (BCG) and PhonePe says that Indian digital payments and its extensive Pulse database is going to look at top digital payments trends in India. India's digital payments landscape has witnessed a phenomenal growth over the past five years. As a result of this unprecedented growth, digital payments (non-cash) will constitute 2 out of 3 payment transactions by 2026. The report also talks about how the digital payments ecosystem has been positively disrupted by the entry of multiple new players with diverse offerings driving digital payments adoption at scale. Leading global and Indian fintech players have been key drivers of UPI adoption in India among end users, aided by buildout of a large QR-code based merchant acceptance network, and further supported by user-friendly interfaces, innovative offerings and an open API ecosystem. The report goes on to list the levers for further growth of digital payments in India which include - simplified customer onboarding, continued push for consumer awareness, expanding merchant acceptance, merchants getting greater access to credit, infrastructure upgrades and the setting up of a financial services marketplace driving growth in underpenetrated regions. It also talks about how IoT, 5G & CBDC will provide further impetus to growth.
The report is an in-depth commentary on the growth of digital payments in India and looks at factors and enablers that will help unlock the massive growth potential going forward. India's largest Fintech platform has seen the growth of UPI over the last few years. UPI has supercharged India's transition to non-cash payments when it comes to both person-to-person (P2P) and person-to-merchant (P2M) transactions. Not surprisingly, UPI saw about a 9x transaction volume increase in the past 3 years, increasing from 5 billion transactions in FY19 to about 46 billion transactions in FY22: accounting for more than 60% non-cash transaction volumes
Technology video | 125 views
Watch WhatsApp Plans Indian Digital Payments Online Payments Through WhatsApp Now Rectv India.
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Air travelers projected to reach 7.2 bn mark by 2035: Rajnath Singh
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#SunilMittal seeks to fold Airtel Payments Bank into Paytm Payments Bank #shortsvideo
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New Delhi: Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today. While addressing at the Lok Sabha, Nirmala Sitharaman said, “The Indian economy will grow to become a $3 trillion economy in the current year itself. It is now the sixth largest in the world. Five years ago it was at the 11th position.” “It took us over 55 years to reach $1 trillion dollar economy. But, when the hearts are filled with hope, trust and aspiration, we in just five years, added $1 trillion,” she added.
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Union Commerce Minister Piyush Goyal Thursday said India must try to bring back the 19-20 per cent export growth to be able to reach the 5 trillion dollar economy mark as envisaged by Prime Minister Narendra Modi. This translates into a trillion-dollar of exports over the next five years, a goal that would test the ability of the government to push exports in difficult global economic conditions. The minister was addressing the Board of Trade meeting in New Delhi. Listen-in. (Text: IANS)
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India’s internet industry expected to reach $5 Trillion valuation by 2030 #shorts
Technology video | 133 views
The Global Digital Twin Market stood at $5.715 billion in 2020 and is projected to grow with a CAGR of 33.28% during the forecast period, 2022-2026. Meanwhile, other consultancies and systems integration leaders expanded their respective digital twins’ practices to improve product development, manufacturing, and supply chains. Lessons from these early implementations are helping to shape best practices that will allow more enterprises to succeed in 2022. Most digital twin efforts focus on the physical aspects of things in the real world, such as how they are built and how they will respond to the physical environment. New digital twin APIs provide standard ways to communicate with and control equipment made by different manufacturers. The manufacturing industry is considered one of the major revenues generating industries around the globe. Increasing awareness about the benefits of using automation technology and integrating novel technologies like cloud computing and analytics, machine learning, artificial intelligence, blockchain in the production process to amplify the production volume is fuelling the adoption of digital twin technology in the manufacturing industry.
New age technologies used in Robotics, advanced sensors and the use of embedded software is aiming at the collection of real-time data, to allow analyzing and monitoring of data to make smart decisions during the production process are proliferating the adoption of digital twin technology in the manufacturing industries. Advancements in the field of Virtual Reality and Augmented Reality, and the rise in the adoption of digital twin technology in the supply chain management is expected to boost the demand of the Global Digital Twin Market. On the basis of regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth in the next five years. High internet penetration and the increase of advanced consumer electronic devices in the region are fuelling the dema
Technology video | 100 views
Expenditure On Security Around World Going To Reach USD 2.1 Trillion By 2023: Defence Minister
Defence Minister Rajnath Singh on August 28 said the demand for military equipment is increasing continuously and by 2023 the expenditure on security around the world is going to reach US$ 2.1 trillion. “Reports suggest that in the next 1-2 yrs i.e. by 2023, expenditure on security around the world is going to reach US$ 2.1 trillion. Most of the countries don't even have this level of budget for a whole yr & it is expected to increase manifold in the next 5 yrs,”
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Expenditure On Security Around World Going To Reach USD 2.1 Trillion By 2023: Defence Minister
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Tamil Nadu ਜਾ ਰਹੇ ਕਿਸਾਨਾਂ ਨੂੰ ਨਹੀਂ ਚੜਣ ਦਿੱਤਾ ਜਹਾਜ਼,ਦਿੱਲੀ Airport 'ਤੇ ਹੀ Live ਹੋ ਗਏ ਡੱਲੇਵਾਲ ਤੇ ਸਿਰਸਾ
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#mohali #mghector #customerservice
26 ਲੱਖ ਦੀ ਲਈ ਗੱਡੀ 'ਚ ਨਿਕਣੀ ਖਰਾਬੀ, ਏਜੰਸੀ 'ਤੇ ਲਗਾਏ ਗੰਭੀਰ ਇਲਜ਼ਾਮ,ਕਾਰ ਮਾਲਕ ਨੇ MG ਏਜੰਸੀ ਦੇ ਬਾਹਰ ਲਗਾਇਆ ਧਰਨਾ
Serious damage to the vehicle for 26 lakhs, serious allegations against the agency, the car owner staged a dharna outside the MG agency.
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26 ਲੱਖ ਦੀ ਲਈ ਗੱਡੀ 'ਚ ਨਿਕਣੀ ਖਰਾਬੀ, ਏਜੰਸੀ 'ਤੇ ਲਗਾਏ ਗੰਭੀਰ ਇਲਜ਼ਾਮ,ਕਾਰ ਮਾਲਕ ਨੇ MG ਏਜੰਸੀ ਦੇ ਬਾਹਰ ਲਗਾਇਆ ਧਰਨਾ
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SAD ਦੀ ਮੀਟਿੰਗ ਮਗਰੋਂ ਆਗੂ Bobby Mann ਨਾਲ ਗੱਲਬਾਤ, Dimpy Dhillon ਲਈ Sukhbir Badal ਦਾ ਦੱਸਿਆ ਪੈਗਾਮ
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Dimpy Dhillon ਦੇ ਅਸਤੀਫੇ 'ਤੇ Parminder Dhindsa ਦਾ ਵਾਰ,ਕਿਹਾ ਜੇਕਰ Dimpy Dhillon ਨਾਲ ਏਦਾਂ ਹੋ ਸਕਦਾ ਤਾਂ...
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Exclusive: Pearl Group ਨਾਲ ਜੁੜੇ Paramjit Singh ਨੇ ਸਾਂਝੇ ਕੀਤੇ Nirmal Bhangoo ਦੀ ਜ਼ਿੰਦਗੀ ਦੇ ਰਾਜ਼
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Exclusive: Pearl Group ਨਾਲ ਜੁੜੇ Paramjit Singh ਨੇ ਸਾਂਝੇ ਕੀਤੇ Nirmal Bhangoo ਦੀ ਜ਼ਿੰਦਗੀ ਦੇ ਰਾਜ਼
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BJP ਦੀ Kangana Ranaut ਖਿਲਾਫ਼ Letter 'ਤੇ Neel Garg ਦਾ BJP 'ਤੇ ਸ਼ਬਦੀ ਹਮਲਾ
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