FIPS 2015 – Deepak Sharma, Executive Vice President & Head – Digital Initiatives, Kotak Mahindra Bank

247


MOBILE IS THE FUTURE OF BANKING

It is projected that this year close to 22 billion of transactions will move to eCommerce space. The share of mobile will be around 25 to 30 per cent

The term m-commerce has come from two words— mobility and eCommerce. As a country, today we do close to 92 lakh crore of cashless transactions per annum. Out of that, one lakh crore of transactions (around 0.5 per cent) happen through mobile platform, which is very minute percentage of total cashless transactions.

 

Get a chance to meet the Who's who of the BFSI industry. Join Us for 5th NBFC100 Tech Summit, Mumbai and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.