Digital payments: 4 emerging trends
New Delhi: To achieve the objective of the financial inclusion, the government is promoting every mode of digital payment. Banks and fintech companies adopting new technologies for ultra-fast transactions, incentivisation of digital payments and use of data are some of the emerging trends that will push forward the adoption of digital payments. A look at four key trends in digital payments: Instant payments: UPI technology is going to lead the way for the digital payments industry in India. Experts believe that with the integration of all payment applications and use of technologies such as AI and machine learning, the digital payments landscape will undergo a drastic change in the next few years. “Digital payments will see the biggest explosion when all the payment applications start integrating,” says Dewang Neralla, CEO, Atom Technologies.
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