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On 13-14 November 2018, APSCA India will organise Digital Payments South Asia at the LaLit Mumbai Hotel. The objective of this industry event is to explore best practices for accelerating the adoption of secure and efficient e-payments in India, within a changing payments ecosystem that includes both fintech and card-based payments.

ePayments for everyone
How will the variety of payments solutions being offered in India achieve the greatest success in meeting Government of India objectives to expand the acceptance and usage of e-payments? The main competitor for the payments industry is cash; banks currently only reach around 3% of personal consumption expenditure. Digital Payments South Asia will highlight how India is setting trends in expanding e-payments acceptance that have global relevance.

Everything happening in payments
In a short span of time, the Indian government has catapulted the country’s payments infrastructure into one of the most advanced, innovative, and financially inclusive platforms in the world. Everything happening in consumer payments today is happening in India, and more.

Unified Payments Interface (UPI)
UPI, one of the first national instant payments services for P2P and P2M transactions was developed by NPCI to provide interoperability across all payments infrastructure in India. By linking bank accounts, Aadhaar numbers, and mobile phone numbers, UPI authenticates senders and receivers to make credit transfers between accounts at any bank or any PSP based on virtual payment addresses. In the last 4 months of 2017, UPI transactions increased by 800%.
Bharat QR
Bharat QR, jointly developed by NPCI, Mastercard and Visa to requirements from the Reserve Bank of India, was the first national standard to use interoperable QR codes to implement P2M card-based payments at physical locations where merchants were not equipped with payment card-accepting POS terminals. In contrast to QR codes from mobile wallets or individual card schemes, Bharat QR is open loop and interoperable across all banks and card networks.

EMV Contactless Payments
Many card issuing banks were already converting their card base to EMV contactless payment cards. The Ministry of Finance recently recommended that banks should in future issue (dual-interface) contactless payment cards for both new cards and replacement cards to drive digital payments. As most point-of-sale (PoS) terminals already support contactless, India is rapidly moving towards a card payments infrastructure based entirely on EMV-compliant contactless payments.
Transport Payments
Contactless transport ticketing schemes that collect public transport revenue generate high volumes of low value e-payment transactions. EMV contactless payment cards are being introduced as a new open-loop approach to transit revenue collection and fare payment products in India. As a result, many transport ticketing schemes are exploring the use of bank-issued EMV open-loop contactless payment cards as ticketing media.

  • Expanding e-payments acceptance
  • QR code mobile payments
  • P2P payments business
  • Mobile commerce ecosystems
  • Push and pull payments
  • New networks & frameworks
  • Security & interoperability
  • Converting cash to e-payments
  • Succeeding with contactless cards
  • Rescuing mobile NFC payments
  • New models for acceptance
  • Next-generation cards
  • Combining mobile and cards
  • Biometrics in payments

Digital Payments South Asia includes a focused technology exposition offering a limited number of opportunities for organisations providing payment services and solutions. Exhibitors will be able to demonstrate their payments services and acceptance solutions to financial institutions, payment schemes, e-payments companies and merchants from across Asia Pacific markets.

To learn how to participate in Digital Payments South Asia, please contact Abhijit Sengupta – Director of APSCA India at [email protected] or at +91 9831001116.

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