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The making of a $500 billion ecosystem in India
With particular focus on the Indian market, this report examines the future of digital payments. The growth of the global digital payment landscape is linked to four trends: the ongoing digital revolution; the entry of non-banking institutions into the payment space; the increasing demands of customers for instantaneous and one-touch payments; and progressive changes in the regulatory framework. The report explores each of these in turn and examines the opportunity which is present in the market's Indian context. Total payments conducted via digital payment instruments in India are expected to reach 500 billion U.S. dollars by 2020.
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