Jonathan Kaftzan , Director of Product Marketing at Amdocs , the communications, media and entertainment software and services provider, has drawn on a recent PIN report to forecast that mobile payments will form 10% of total payments for India during the next seven years , as the interoperability of cryptocurrency transactions continues to develop and the popularity of mobile internet and e-commerce gains global traction. Mr Jonathan Kaftzan has reportedly stated that the predicted 200-fold growth over 2016 to $ just 0.1 per cent will bring great opportunities for the country's IT, telecom, and banking and mobile wallet companies as the mobile banking phenomenon escalates in response to the digital preferences of millennials. “Merchants and retail outlets are already implementing new POS’ that are already equipped with NFC terminals, states Kaftzan. Peer-to-Peer (P2P) lending, partnerships between new banks and telecoms arising from the boom in financial technology start-ups, and advanced mobile financial services such as loans, insurances and credit card services will offer the most lucrative business opportunities, as traditional banking processes are gradually replaced and the world moves towards a new one -currency era.
Jonathan Kaftzan , Director of Product Marketing at Amdocs , the communications, media and entertainment software and services provider, has drawn on a recent PIN report to forecast that mobile payments will form 10% of total payments for India during the next seven years , as the interoperability of cryptocurrency transactions continues to develop and the popularity of mobile internet and e-commerce gains global traction. Mr Jonathan Kaftzan has reportedly stated that the predicted 200-fold growth over 2016 to $ just 0.1 per cent will bring great opportunities for the country's IT, telecom, and banking and mobile wallet companies as the mobile banking phenomenon escalates in response to the digital preferences of millennials. Peer-to-Peer (P2P) lending, partnerships between new banks and telecoms arising from the boom in financial technology start-ups, and advanced mobile financial services such as loans, insurances and credit card services will offer the most lucrative business opportunities, as traditional banking processes are gradually replaced and the world moves towards a new one -currency era.