Digital Money Conference to Concentrate on Broadening of Digital Payments in India

 Mumbai, Maharashtra, India

The Payments Council of India is all geared up to host the 12th version of its yearly conference ‘Digital Money’ which will be held on the on 4th December 2019 at Taj Lands’ End Mumbai. The Payments Council of India was created under the aegis of IAMAI in the year 2013 coping up to the requirements of the digital payment industry. The day-long conference is targeted to tackle the tendencies which are shaping the cashless scenario in the nation. The conference will have deliberations around the varied aspects of digital payments and the conference is targeting to evangelise and also enhance the segment as one of the pillars for propelling the digital giant dream, which has the capability to generate revenue and employment generation for the nation. Christophe Mariette, Commercial Director at Lyra & Chairman of Lyra India commented, “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  observed, “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 anticipated to touch $500 billion by 2020, which would end up adding around 15% to the nation's GDP. The digital payments zone is continuously evolving, and the payments industry has been acquiring pace and is though to expand at an exponential rate. Over the years, the conference has been the biggest yearly assembly of Fintech and Digital Payment players, enablers and supportive financial institutions in India which was concentrated on the multi-channel approach & other evolving tendencies instigating combined and flawless client experience in regards to Digital Payments. The conference will have high-profile industry veterans 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 act as a learning platform for the participants to comprehend the new-age cashless tendencies in the nation and will also function as platform for industry experts to collaborate, regulators to lead initiatives & specialists to furnish insights that will propel the expansion of the Digital Payment Industry. About PCI The Payments Council of India was created under the aegis of IAMAI in the year 2013 coping up to the requirements of the digital payment industry. The Council was formed inter-alia for the objectives of representing the numerous regulated non-banking payment industry players, to tackle and aid resolve different industry level issues and obstacles which necessitate deliberations and action. The council functions with all its members to enhance payments industry expansion and to back the countrywide objective 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 functions 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 enthusiastic association with ambitions of representing the complete array of digital businesses in India. It was founded in 2004 by the top online publishers, and in the last 15 years has come to fruitfully tackle the problems facing the digital and online industry consisting of mobile content and services, online publishing, mobile advertising, online advertising, ecommerce and mobile & digital payments among others. Fifteen years after its inception, the association is still the only expert industry body representing the online industry in India. The association is registered under the Societies Act and is an acknowledged charity in Maharashtra. With a membership of approximately 300 Indian and overseas companies, and with offices in Delhi, Mumbai, Bangalore and Kolkata, the association is well positioned to function towards charting a growth way for the digital industry in India. By ANJISHNU BISWAS