Strategic Business Opportunities and Technological Tailwinds
Digital Payment Growth Drivers
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Entry Of New Players
The digital payment space is attracting big techs and
non-banking players
Payment services are now being offered on
messaging platforms
Value-added services, cross-selling of products and
overlay services are a few emerging business models
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Regulatory Initiatives
The Payments Infrastructure Development Fund (PIDF) has been
created to boost the growth of acquiring infrastructure
Guidelines have been issued on offline payments, tokenisation and
regulatory sandbox
Reimbursement of MDR on RuPay card and UPI transactions has
been announced
Technology as Growth Driver
Technology platforms are catalysing the digitisation of payment
processes.
Cloud hosting, open APIs, etc., are enabling players to provide
platform as a service and launch new product offerings.
Ecosystem-based platforms with embedded finance have
emerged.
Change in customer behaviour
.
RBL BANK
80
Years In Your Service
ESTARUSHED IN 1943
Payment behaviour of Indian customers has seen a tectonic
shift
Integration of payment modes facilitated by FinTechs and
PayTechs has led to ease of usage
Redefined customer journeys are driving adoption both in the
physical and e-commerce space
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