Yes...Digital Payments are clearly disruptive and enormously game changing!
A refreshingly new India is on the rise... like never before. The new innovative leadership and futuristic thought processes have given birth to whole new business and social dimensions. Hugely ambitious projects such as Make in India and Digital India are now the keywords to a bright and sustainable industrial and financial progress of our nation.
Going by the deep penetration within a relatively lesser turnaround time, state-of-the-art digital payment systems are now poised to take quantum leaps in this new era that is largely driven by the ubiquitous Internet. These disruptive dynamics and revenue models are literally the new game changers - causing tangible tectonic shifts across major verticals. Ecommerce success is largely attributed to the phenomenal growth of various digital payment technologies such as card payments, electronic fund transfers, payment gateways, ePayments, smart cards, mobile money wallets etc. Pivotal to embracing such new age payment systems are the people, technologies, and processes that have together created vast, robust and dependable networks and seamless systems that guarantee herculean transactional volumes at breakneck speed, and with dependable security and counter-checks built around them.
All these and rest are taking India to the threshold of the big league and to make the country battle-ready to compete with the most influential industrial and financial powers of global businesses.
With Digital Banking and Mobility, the need is no longer to "leap-frog" but to "deep-dive" into the future. Going digital and mobile for a bank is no longer an option, it's a simple bare necessity - to collaborate and flourish.
Digital Banking provides mission critical solutions to bankers for their short term and long term business and technological requirements. Today, aspects such as enhanced customer satisfaction and value through unified customer experiences, fastest possible throughput, infinite banking volumes, financial inclusion, operational efficiencies, scale of economy etc. are being sought after by leveraging digital banking and mobile technologies.
Banks (sizes notwithstanding) have to now increasingly worry about their very bastions being co-shared by a string of new age players. And the end-customer is the single largest beneficiary - with a bouquet of services and service providers to choose from and alongwith hugely competitive pricing models.
ASSOCHAM's Digital Banking & Payments 2016 will provide a comprehensive format to understand, learn, collaborate and lead in today's challenging digital payments ecosystem. Efforts are underway to secure participation from major industry operators including fintech players, large end users and IT decision makers and influencers from large banks, financial institutions, regulators, innovators and related stake holders to meet under one roof and understand the way forward at this burgeoning marketplace.
Attendees will take stock of the latest domain developments and insights, as well as try to take home rewarding lessons on the regulatory, security, technology and business challenges that await both - traditional banks and financial institutions as well as the latest fintech entrants.