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Vipera Plc

Mobile phones, not cards, lead India’s digital payments push

Credit and debit cards are traditionally considered to be the pioneers of non-cash payments. This is how the term plastic money came into existence.

The Indian digital payment revolution looks to be taking a different route.

Mobile phones have become a bigger source of non-cash payment methods in retail transactions than customers swiping their cards at Point of Sale (POS) machines.

 

Vipera Plc (LON: VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.