Overview
Techcircle Payments Forum 2016
Pay It Forward: Exploring an inclusive landscape for India’s emerging digital payment ecosystem
For long, India lagged behind mature markets in digital payments. But as more and more Indians go online, the digital payment industry in India is undergoing a transformation. In the metros, a number of payment banks, small finance banks and innovative solution providers have emerged, enabling seamless transactions for great user experience and better business outcomes.
What hasn’t gone unnoticed in this massive explosion in digital payments is India's leapfrog into ecommerce, presenting an opportunity for Indians to switch to electronic modes of payment. There are about 120 million smartphones in India, and 60 percent of internet users access the internet through mobile. The Indian government too is turning out to be a big enabler of digital payments; its Digital India program envisages a smartphone in the hand of every Indian by 2019.
Yet, only 260 million Indians in a country of 1.3 billion have bank accounts. Of the 30 billion payment transactions annually, over 95 percent are either through cash or cheques. How can big and small banks, payments banks, wallet providers and payment service providers work towards financial inclusion? How can innovations in the payment industry, brought about by new entrants in the market, strengthen the promise it holds? Will adoption of digital payments cannibalize slow and ineffective payments like cash?
In its 5th edition, the VCCircle Network’s Techcircle Payments Forum 2016 will seek to answer these questions and more. The event will offer a ring side view of the evolving dynamics, opportunities and success stories and offer thought leadership to the emerging payment ecosystem in India. It will see participation of CEOs of leading payment service providers, payment heads of leading banks, emerging payment service companies, technical directors, CIOs, digital payment and risk consultants, and private equity and venture capital investors keen on emerging payment technologies and innovative products.
Highlights:
• Emergence of payment banks: How can traditional banks respond?
• State and the new age businesses: Policies for a cashless economy
• Financial Inclusion Via Digital Payments: Technology for the masses
• Mobile Wallets: Is integration the way forward?
• Mobile Payments: Making way for NFC and contactless payment
• The Bitcoin Enterprise: A viable digital currency?
• Fintech Startups: Disrupting India’s payment landscape
• Problem of Plenty: Is B2B payment space too crowded?
• Creating high margin/high volume Payment Gateway Businesses
Agenda
Techcircle Payments Summit
19th May, ITC Maratha, Mumbai
“Pay It Forward: Exploring an inclusive landscape for India’s emerging digital payment ecosystem”
08.30AM - 09.45AM
Registration and Coffee
09.45AM - 10.00AM
Opening remarks by Nita Kapoor, Head, India - New Ventures, Newscorp & CEO, The VCCircle Network
10.00AM - 10.30AM
Keynote Address - ‘Disruption in Banking and Payments’ by TR Ramachandran - Group Country Manager, India and South Asia, Visa
10.30AM - 11.30AM
Panel Discussion 1: Emergence of New Payment Banks: How can traditional businesses respond?
As small banks and payment businesses transform Indian financial services, what is the way forward for traditional banks and payment technology companies? With the Reserve Bank of India (RBI) granting license to players with big pockets and sizeable consumer base, are traditional channels of banking & payments, under threat? How sustainable are payment banks and will they join hands with larger banks? Disruption being the buzzword, how are traditional banks innovating to stay in business?
Sohini Rajola - Head Digital Banking, Axis Bank
Ananya Birla - Founder, Chairperson and Director, Svatantra Microfinance
TR Ramachandran - Group Country Manager, India and South Asia, Visa
Mihir Gandhi - Associate Director, Leader - Payments Transformation, PwC India
Amit Soni - Principal, General Atlantic (Moderator)
11.30AM -11.45AM
Networking Break
11.45AM - 12.45PM
Panel Discussion 2: Mobile Wallets: Is integration the way forward?
Right from utility payments to e-tailing and offline payments, one can perform most of the daily transactions with mobile wallets. The convenience that mobile wallets have come to be associated with has led to its early adoption among a large number of mobile users in India. However, as the payment landscape evolves and sees emergence of other innovative payment models, what does the future hold for mobile wallets? Are there limitations to their success? What happens to the money lying unspent in mobile wallets? With the advent of wallets for multi-platform use, what does the future hold for mobile wallets?
Asutosh Upadhyay - Chief Product Officer, TranServ Pvt. Ltd
Ratna Viswananthan - CEO, Microfinance Institutions Network (MFIN)
Vikas Kumar - Partner, Lakshmikumaran & Sridharan
Raman Khanduja - VP and Head Business Development, India, Visa
Nitin Nayar - MD, Warburg Pincus India Private Limited
Gautam Jaggi - Director of Technology Practice, o3 Capital (Moderator)
12.45PM - 01.45PM
Network over lunch
01.45PM - 02.45PM
Panel Discussion 3: Digital Market Places & Payments
Marketplaces are an opportunity for payments processors. For most firms involved in processing payments, the business is about growing purchase volume and transactions - processing fees are based on either or both. Since marketplaces aggregate purchases made across many merchants, a payments provider can dramatically increase its processing volume and market share by winning the business of just a few marketplaces. It is likely that smaller payments processors may lose out in the process. What factors will decide the future?
Hemant Gala - Director - Payments, Flipkart
Gaurav Zutshi - EVP & Chief Digital Officer, Aditya Birla Financial Services
Sanjoy Bose - EVP Sales and Marketing - Wibmo Inc
Nitin Bhandari - Vice President – Payments, Digital Channels, Reliance Jio
Yadavendra Tyagi - Director, Business Development, Citrus Pay
Nikhil Raghavan - Principal, Bain Capital (India) Advisors Pvt. Ltd. (Moderator)
02.45PM - 03.05PM
Special Talk - ‘Digital technologies helping enhance customer experience and security for financial transactions’ by Srinivas Padmanabharao - Director - Product Marketing, Akamai Technologies
03.05PM - 3.20PM
Networking break
03.05PM - 3.50PM (Parallel Session)
‘Digital transformation in financial services’ by Akamai Technologies
03.20PM - 4.20PM
Panel Discussion 4: Problem of Plenty: Is B2B payment space too crowded?
Given the persisting issues and problems with regard current modes of B2B payment transactions, can disruptions in the B2B payments space hold the answer to a more efficient and cost effective business operations? How can emerging players with their disruptive ideas make a mark for themselves in the largely crowded B2B payments space? Why are businesses lagging behind in adopting a more efficient and effective modes of B2B transactions. Can B2C segment provide some insights for B2B?
Shirish Andhare - Chief Product Officer, Ezetap Mobile Solutions Pvt. Ltd.
Naveen Surya - Managing Director, ItzCash
Vishwas Patel - CEO, Avenues India Private Limited
Vishal Mehta - Co-founder and MD, Lok Capital (Moderator)
4.20PM - 5.20PM
Panel Discussion 5: The Bitcoin Enterprise: A Viable Currency?
Though at a nascent stage in India, bitcoins are slowly getting popular as the currency of future. The launch of merchant gateways by bitcoin exchanges may be the early signs of growing acceptability of bitcoin in India. Where do we see the digital currency go from here as a mode of payment? Worldwide, how has the controversial internet of money fared in terms of use and returns?
Sandeep Goenka - Co-founder, Zebpay
Danny Wettreich - Chairman & CEO, GreenBank Capital Inc
Benson Samuel - CTO & Founder, Coinsecure.in
Abheek Anand - Principal, Sequoia Capital
Norbert Fernandes - Co-founder & Principal, IvyCap Ventures Pvt. Ltd (Moderator)
5:20PM onwards
Techcircle Unwind
Continue the energy and networking of the day with more social time with top entrepreneurs and leading investors.
Speakers
Abheek Anand
Principal, Sequoia Capital IndiaAmit Soni
Principal, General Atlantic | @generalatlanticAnanya Birla
Founder, Chairperson and Director, Svatantra MicrofinanceAsutosh Upadhyay
Chief Product Officer, TranServ Pvt. LtdBenson Samuel
CTO & Founder, Coinsecure.inDanny Wettreich
Chairman & CEO, GreenBank Capital IncGaurav Zutshi
EVP & Chief Digital Officer, Aditya Birla Financial Services | @AdityaBirlaGrpGautam Jaggi
Director of Technology Practice, o3 Capital | @o3capitalHemant Gala
Director - Payments, FlipkartMihir Gandhi
Associate Director, Leader - Payments Transformation, PwC IndiaNaveen Surya
Managing Director, ItzCash | @ItzCashNikhil Raghavan
Principal, Bain Capital Advisors (India) Pvt LtdNitin Bhandari
Vice President – Payments, Digital Channels, Reliance Jio | @reliancejioNitin Nayar
Managing Director, Warburg Pincus India Private LimitedNorbert Fernandes
Co-founder & Principal, IvyCap Ventures Pvt. Ltd.Raman Khanduja
VP and Head Business Development, India, VisaRatna Viswanathan
CEO, Microfinance Institutions Network (MFIN)Sandeep Goenka
Co-founder, ZebpaySanjoy Bose
EVP Sales and Marketing, Wibmo IncShirish Andhare
Chief Product Officer, Ezetap Mobile SolutionsSohini Rajola
Head - Digital Banking, Axis BankSrinivas Padmanabharao
Director - Product Marketing, Akamai Technologies | @akamaiT.R. Ramachandran
Group Country Manager, India and South Asia, VisaVikas Kumar
Partner, Lakshmikumaran & SridharanVishal Mehta
Co-founder & Managing Director, Lok CapitalVishwas Patel
Chief Executive Officer, Avenues India Private LimitedYadavendra Tyagi
Director - Business Development, Citrus Pay | @CitrusPayOur Sponsors & Partners
Venue :
ITC Maratha, Mumbai
Date : 19th May
Address : ITC Maratha,
Sahar Road, Next to International airport, Andheri East, Mumbai
Maharashtra 400099
Do you have any queries?
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