India is racing ahead with its mobile phone subscriptions. It is the second largest smartphone market in the world. Given the rapid growth in mobile phone penetration, it is a logical step forward to ensure payments are done via connected devices. There is a surge in payment platforms in the country. Is this growth sustainable? Learn more in this visual presentation.

1. Are Payment Platforms
Poised for Growth in India?

2. Payment platforms
Traditional cash based transactions have long been replaced by debit and credit
card payments in the western world. In India, there are over 600 million debit cards
and ~23 million credit cards in use. But these are now being disrupted with a new
wave of payment alternatives.
These include:
a. e-commerce portal enabled native platforms
b. Bank enabled platforms
c. Mobile wallets
d. Payment banks

3. Factors leading to a surge in Payment Platforms

4. Increase in smartphone penetration

5. Increase in Mobile Internet Connectivity – 370
Million Mobile Internet Users as of June, 2016

6. Roll-out of 4G LTE across key regions in the
country…

7. Rise in disposable income

8. Policy impetus to improve non-cash transactions

9. Payment platforms offer inherent advantages
including:

10. Anytime, on-the-go transactions

11. Pairing with revolutionary technology such as Near Field
Communication (NFC) led payment transfers…

12. From the merchant’s point of view – Lower
revenue leakage owing to lower drop-off..

13. Complements the hyper-local, context-aware
marketing environment

14. Works as an alternative to the rather
cumbersome mobile banking
options available currently.

15. About ICFAI Flexible Learning Programs
ICFAI Flexible Learning Programs are designed primarily for Working Professionals to pursue their
management program while they continue to work. These programs provide them with the Skills, Knowledge
and Strategic Perspectives required for them to succeed at their workplace and promote their career
progression.
The programs range from Modular >> Certificate >> PG Diploma >> MBA in the functional areas of Finance,
Marketing, Operations, HR etc. and covers the industry sectors like IT/ITES, Health Care, Pharma, Telecom,
Banking, Financial Services and Insurance, etc.
Features - Flexible Learning Programs:
 Convenient and Flexible Mode of Learning
 Innovative learning methodology backed by Contemporary Curriculum
 Quality Courseware along with new-age learning aids as part of the Hub & Spoke Learning Model
 Online Counseling Classes
 Web support for the students
 Easy fee payment patterns including EMIs
 Examination thru Computer Based Testing (CBT) pattern – conducted 4 times in a year, giving flexibility to
the working-class in choosing the schedules

16. Thank You
Phone: 1-800-200-9977
Email: FLP@ICFAIUNIVERSITY.IN
Website: www.flexible.icfaiuniversity.in