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The document proposes an electronic payment system submitted by 6 people including Pooja Singh and Anuj Aggarwal. It discusses the journey of payments from paper-based instruments to electronic instruments like mobile banking, ATM, and online transactions. The document also outlines trends that will transform payments in India over the next 5 years such as technology making digital payments simpler, merchant acceptance networks growing 10 times by 2020, and payments driving consumption rather than the other way around.
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Presentation1 on eps
- 2. Electronic Payment System Submitted By: 1)Pooja Singh 2)Nivedita Singh 3)Divya 4)Ruchi 5)Anuj Aggarwal 6)Dheeraj Dawar
- 7. Journey Paper based instruments (cheques, drafts, etc)* Electronic instruments and other instruments, such as Mobile banking ATM based Point of sale terminals Online transactions
- 33. Trends set to transform the payments landscape in India over the next five years Technology will make digital payments simpler; Merchant acceptance network to grow 10x by 2020; Payments will drive consumption- and not the other way around; Consolidation will drive ubiquity; Modified UPI will be a game changer. Digital identity to accelerate customer acquisition; Cash to non-cash ratio will invert over the next ten years;
- 35. THANKYOU