2017 : Expectations on India Payments and a Review of predictions made for 2016.

Review of Expectations for Indian Payments made for 2016, made on 20Dec 2016

1. RUPAY will take a significant market share from VISA/MASTERCARD.- Worked

2.Unified payments interface from NPCI- Faster/Smarter payments. — Happened but a long way to create an impact

3. NFC will struggle to get of the ground -Acceptance challenges.- Remains a challenge

4.Socially Linked money transfers will be hot.Domestic and Cross border. P2P and P2M.- Did not happen

5.MDR will get further regulated. LOWER rates to impact issuer earnings. Impetus for reducing cash in economy.-BIG IMPACT

6.Explosion of Merchant POS DEVICES. Lower cost and more power.- HAPPENING

7.Anticipate some payment frauds in ecommerce.- PLENTY

8. E-commerce will power mobile payments to faster growth. Wallets will lose momentum. — WALLETS GAINED MOMENTUM

9. ATM growth — stagnation to continue. — GROWTH SLOWED

10. Credit cards: Big push for issuance. Growth will comeback with a bang. -ISSUANCE BACK


  1. PREPAID WALLETS : SLOW DOWN and FINANCIAL Model will be questioned. There is no money in this business.
  2. Payment Banks : Slow takeoff : Telco model will mostly likely be a winner.
  3. PoS Terminals: Hyper Growth
  4. Credit Cards: Hyper Growth
  5. NFC : Still in experimentation
  6. UPI : Will see great adoption
  7. ATMs: Slow recovery . Re Deployment
  8. Mobile Payments : Continued growth
  9. AI will invade payments
  10. Payment frauds will significantly increase.