A new wave of payments innovation is taking place globally and emerging, high growth markets are the ones to watch. Encouraged by increasing customer demand, favourable regulation and unburdened by legacy infrastructure, countries in high growth markets are beginning to lead the pack when it comes to large scale payments innovation.
A great example of this leapfrogging trend can be found in India. As the country’s leading payments services provider, we are seeing first-hand that India is fast becoming a hub of payments innovation and disruption at scale. India is home to several of the ingredients necessary to encourage new technology to flourish and old systems to make way for new. Key among these ingredients are the increasing customer demand for digital payments, a supportive regulatory environment and a highly skilled tech market.
IBS Intelligence is the definitive source of news, analysis and thought leadership relating to global banking and financial technology markets. We cover what is really going on – the good, the bad, the lessons, the mistakes and the masterstrokes, with no advertorial or marketing hype. IBS Intelligence Blog is an excellent outlet to voice opinions, views and share ideas about all things fintech, and editorial contributions are welcome!