With over 1 billion population, Indian payments industry has vast untapped potential to make consumer transact, shop & enhance payment experience. In the constant efforts to offer every section of the society comprehensive products & services, various mobile & electronic payments service providers are in a move to extend associated services like: e-wallets, payment apps, mobile point of sale solutions, hassle & risk-free payment gateways besides the willingness to offer basic savings, deposit, payment & remittance services by applying for much awaited payments banking license empowering the customers to eventually contribute to the change in landscape for payments & commerce industry in India
To garner the latest innovations, trends & opportunities driving the Indian Payments ecosystem, we are pleased to announce the 4th edition of Techcircle Payments Forum 2015 on May 14 in Mumbai.
The event will bring together CEOs from leading payment service providers, Payment heads of leading banks, emerging payment service companies, technical directors, CIOs, digital payments & risk consultants, private equity & venture capital investors betting on emerging payments technologies and innovative products.
• Roadmap for Digital Payments in India
• Payment Banks: What’s driving interest for Telcos, Indian conglomerates and digital payment companies?
• Future of mobile wallets in India
• What it takes to build a high margin payment business in India
• Techcircle Insights: Quick insightful & focussed discussions on select payment themes:
• Future of COD (Cash on Delivery) & its use cases in consumer internet businesses
• Opportunities in carrier billing- Is the time right
8:15am - 9:30am
Tea, Networking & Registration
9:30am - 9:45am
9:45am - 10:30am
Panel I: Roadmap for Digital Payments in India
In the cash dominated market like India what does it take to convert cash paying Indians towards smarter electronic mode of payments? Digital payment methods have emerged from online payments using credit/debit cards to cashless withdrawal of money, mail money, twitter hashtag money transfers besides IMPS, mobile wallets and others. What are payment companies & aggregators doing to make more & more consumers adopt digital payments? What are banks offering new to their consumers to shift them to cashless banking? What specialized solutions are the digital payment providers offering to meet demands of emerging segments such as ecommerce, service commerce and consumer internet businesses? What innovations are seen on the existing POS/mPOS devices to enhance digital payments? Are we on track to be become a cashless society or the digital payments in India is nearing an inflection point?
Deepak Sharma, EVP & Head - Digital Initiatives, Kotak Mahindra Bank
Sohini Rajola, SVP & Head - Electronic Banking, Axis Bank
Vishwas Patel,CEO, CCAvenues
Srinivasu M N, Co-Founder & Director, BillDesk
T R Ramachandran, Group Country Manager, India and South Asia, VISA (Moderator)
10:30am - 11:15am
Panel II: Payment Banks: What’s driving interest for Telcos, Indian conglomerates and digital payment companies?
Payment Banks seems to be the latest phenomena with leading telecom players, large Indian conglomerates, mobile wallets companies and other emerging payment companies throwing their hat to secure a license. With a clear objective of achieving the last mile connectivity and offer banking services to the unbanked populations, it’s still speculative on what’s driving the interest of such diverse set of players to enter the payment banking system. Will this be emergence of products serving the bottom of the pyramid only?Can we expect payments banks to demonstrate success in launching low-cost & innovative products? Will they be competent enough to provide payments & remittance services to large section of unbanked population like migrant workforce, farmers, low-income households and others? How is it possible for payment banks to build up a business around financial inclusion?
Praveen Dhabhai, COO, Payworld India
Paresh Rajde, Founder, Suvidhaa Infoserve
B Akbaraley, DGM, Central Bank of India
Ketan Doshi, MD,Pay Point India Network Ltd
Rishi Gupta, MD & CEO, FINO PayTech Limited(Moderator)
11:15am - 11:45am
Tea & Networking Break
11:45am - 12:30pm
Panel III: Future of mobile wallets in India
Given the ubiquity of smart phones & growing internet population, making users pay with a tap on their phone and storing money digitally seems to be happening. Users are storing money in different e-wallets such as mobile wallets, ecommerce wallets, third party wallets among others to pay use of these to pay their utility bills, online purchases etc. On the other hand RBI is seen easing norms to use credit/debit cards for online and POS purchases, making it easier for users to pay using their cards. Will this move pose a threat to mobile wallets as the whole aspect of convenience of using cards makes wallets redundant? How are mobile wallet companies looking at this? What innovations in offerings can we see in the future? What’s investors views on mobile wallet opportunity in India?
Amit Lakhotia - VP-Payments, One97 & Paytm
Pradeep Sampath - COO, MMP Mobiwallet Limited (mRupee)
Sandeep Ghule - Co-Founder & Chief Marketing Officer, TranServ Pvt. Ltd
Srinivas Nidugondi - SVP and Head of Mobile Financial Solutions, Mahindra Comviva
SP Narayanan - Head mCommerce, Idea Cellular
Rajat Sood - Vice President, General Atlantic (Moderator)
12:30pm - 2:00pm
Lunch & Networking
2:00pm - 2:45pm
Panel IV: What it takes to build a high margin payment business in India
Indian payments industry has emerged strong over the years and is all set to witness growth on overall payments and remittance services. While digital payments seems to be the theme for the year, initiatives such as business correspondent network, white label ATMs and innovations in Point of sale systems have also helped foster the payments services in India. With diverse set of players comprising of banks, payment service providers, payment aggregators, online & mobile payment companies competing to serve the Indian consumers, we understand what it takes to build a high margin payment network in India, how are leading payment service providers dealing with issues such as higher cost of customer acquisitions, fast changing payment technologies, increasing their network & reach among others to deliver a profitable business model? Can the next big payments businesses be built in digital payments only?
Priti Shah, Co-Founder & CEO, Paynear Solutions
Karthik Vaidyanathan, Co-founder, Momoe
Vikrant Khorana, VP and Business Head, PayU India
Rajeev Agrawal, CEO, Innoviti
Swarup Choudhury, MD, First Data(Moderator)
Techcircle Insights: Quick insightful & focussed discussions on select payment themes
2:45pm - 3:30pm
Insights I: Cash on Delivery V/S Digital Payments: Future and use case in Consumer Internet Businesses:
Consumer internet businesses have lived on COD however different segments have different opinion on the future of COD in India. While COD remains an important mode of payment for large horizontal ecommerce players, online/digital payments dominate categories such as taxi aggregators, online food ordering and online furniture stores. While experts have different views on future of COD in India, we understand how important it is for consumer internet businesses and what opportunities opens up for payment companies, in a longer run.
Hemant Gala, Director Payment Business, Flipkart.com
Abhijit Bose, Co-Founder & CEO, Ezetap Mobile Solutions Pvt. Ltd
Manju Murthy, Co-Founder & CEO, Fortune Payment Solutions India Pvt Ltd
Bhavin Mody, Director, E-Billing Solutions Pvt. Ltd
Abhishek Sinha, Co-Founder & CEO, Eko India Financial Services Private Limited
Rahul Chandra, MD - Helion(Moderator)
3:30pm - 4:00pm
Tea & Networking
4:00pm - 4:45pm
Insights II: Opportunities in carrier billing- Is the time right?
In emerging markets like India where number of mobile phones is much more the total bank account holders, it presents a unique opportunity for merchants to use carrier billing as an option to remit payments for their services. Can we see carrier billing as a game changer for online services such as buying digital content, apps, music, etc.? Is the time right for telcos to offer better terms and conditions to foster digital payments using carrier billing as an option?
Sanjay Sinha, Country Manager (India) & BD Head (South Asia), Fortumo
Prashant Chacko, Head of Strategy & Head of Carrier Billing(ipayy), Versé Innovation Pvt Ltd
Krishna Tamireddy, Co-Founder, Junotele
Sainath Gupta, Founder, Aasaan Pay
Anand Lunia, Founder Partner India Quotient (Moderator)
Techcircle Showcase - Powered by Nasscom 10,000 Startups:
Here representatives of exciting and innovative online payment companies will make presentations on their business, differentiation, traction, product market opportunity and how they will disrupt existing ecosystem to create value.
Continue the energy and networking of the day with more social time with top entrepreneurs and leading investors over cocktails
Date: 14th May 2015
Address: The Lalit,
Sahar Airport Road, Mumbai
Bain Capital is one of the world's leading private investment firms with approximately $80 billion in assets under management. Founded in 1984, Bain Capital pioneered a consulting-based approach to private equity investing, partnering with management teams to build great businesses and improve their operations. Since inception, the firm has extended this approach across asset classes to build one of the strongest organically grown alternative asset platforms in the world.
Most of Bain Capital Private Equity’s Managing Directors and professionals have worked as strategic consultants, adding operational value to a wide variety of companies across numerous industries including healthcare, technology, retail, consumer, industrials, financial services, energy and real estate. From this heritage, Bain Capital has built upon the experience and ability of its team to assess a company’s potential, develop powerful strategies, and implement fundamental change in part
Sugal and Damani Utility Services Private Limited operates under the brand name of Payworld. This company has been formed by the Sugal and Damani group of companies. The turnover of the group exceeds USD 1.6 Billion and the group has established its presence in the fields of Engineering, Technical Education, Share Trading, Real Estate, Hospitality and other Online Services.
Payworld offers a plethora of utility services such as Prepaid, DTH and Data Card recharges, travel reservations, domestic remittances, bill and insurance payments, etc, through its retail touch points to the end customers. The company has its presence in 18 states of the country and has more than 60,000 retailers who are dispensing the services in the market.
Smart Paisa (earlier known as Paycash) is another subsidiary of the company. The company is approved by the Reserve Bank of India and is offering Prepaid Instruments (PPIs) in the market. These instruments are used both in the retail ass
Mahindra Comviva is the global leader in providing mobility solutions. It is a subsidiary of Tech Mahindra and a part of the USD 16.7 billion Mahindra Group. It has an extensive portfolio spanning mobile finance, content, infotainment, messaging and mobile data solutions, deployed by over 130 mobile service providers and financial institutions in over 90 countries, transforming the lives of over a billion people across the world.
Mahindra Comviva is a recognized leader with unrivalled experience in the mobile financial space. Its mobile financial service portfolio serves over 750 million people globally through over 120 deployments meeting the needs of merchants and consumers of banks and financial institutions, retailers, and MNOs. The product portfolio encompasses:
mobiquity® Wallet: An integrated mobile wallet for digital payments and mobile marketing that uses technologies like NFC (SE & HCE), BLE, Biometrics and QR code to create compelling user experie
Helion Ventures Partners is a $605 Million India-focused, early to mid-stage venture fund, investing in technology-powered and consumer service businesses in sectors like Outsourcing, Internet, Mobile, Technology Products, Retail Services, Healthcare, Education and Financial Services.
Our mission is “Partnering with entrepreneurs to build world-class companies”.
We believe that companies are fundamentally built from inside, but as Board members we play an active role. Typically we help companies in making strategic choices and in building an organization that can execute on strategy. We have access to world-class executives that we can bring to our portfolio companies. We also help in building a high quality Board of Directors / Advisors.
We also team with the management and provide operational value add in the area of finance, HR, technology, marketing and operations.
In helping manage rapid growth, we participate in future rounds
E-Billing Solutions (EBS) established in the year 2005 is head-quartered in Mumbai. It facilitates online purchases from a merchant’s website and helps them to collect payment from the end customers through net banking, credit and debit cards etc. It is an intermediary that assembles the online payment options offered by various banks, cash card brands and many other payment processors onto a single platform with minimum technical integration with merchant website.
EBS, is the first Indian merchant account provider to achieve the PCI DSS 3.0 standards of compliance. It is also certified by security and process adherence followed and audited by ISO 27001- 2013 standard. This achievement makes EBS one of the most secured online service providers in the world. With its present reputation, and innovative services on offer it anticipates acquisition of larger merchant accounts and a growth of more than 30% annually. Its gamut of its services includes:
10,000 Startups is an ambitious attempt by NASSCOM to scale up the startup ecosystem in India by 10x. 10,000 Startups aims to enable incubation, funding and support for 10,000 technology startups in India over the next ten years.
The program’s vision is to:
• Foster entrepreneurship
• Build entrepreneurial capabilities at scale and
• Strengthen early stage support for tech startups
To meet these objective the program aims to bring together key stakeholders of the ecosystem including startup incubators / accelerators, angel investors, venture capitalists, startup support groups, mentors and technology corporations.
With 10,000 Start-ups NASSCOM aims to build a vibrant ecosystem for technology entrepreneurship in India.
Evolute systems is a pioneer in design, development and manufacturing of innovative, intelligent, differentiated and integrated embedded solutions for last mile applications like payments, billing, authorization and authentication and have established a significant presence in the BFSI, Financial inclusion, Microfinance, Sales force automation, eGovernance & Retail domains. Evolute is a highly reputed brand among over 100 marquee clients and commands a significant market share in the operating domain.
IBM has been present in India since 1951. Since inception, IBM in India has expanded its operations considerably with regional headquarters in Bangalore and offices in over 22 cities including regional offices in New Delhi, Mumbai, Kolkata and Chennai. Today, the company has established itself as one of the leaders in the Indian Information Technology (IT) Industry.
Our offerings: IBM is the only IT company in the world and also in India that offers end-to-end solutions to customers from hardware to software, services and consulting.
IBM helps clients solve complex business and technical issues. IBM helps integrate the strategy, business process, industry knowledge and the technology, integration and outsourcing skills to bring a new level of services to the business community. We deliver innovative business consulting, process design, systems integration, application management and design. Our core competencies include deep business process and industry ex
"Benson Samuel and Mohit Kalra, founded Coinsecure with the mission, “Connecting India to Bitcoin.” Coinsecure works to educate and enable individuals and businesses to leverage Bitcoin and Blockchain technology through the first and only INR based blockchain explorer, an open order book exchange with a rest API, mock trading platform/testnet, paper wallet services, an online wallet service and various integrations. Coinsecure has successfully created a strong foothold in India with the highest liquidity and volumes in India. Coinsecure’s head office is in Delhi and houses the banking, compliance, accounts, legal, management and advisory teams. The development centre is in Bangalore."
The Paypers (www.thepaypers.com) is the Netherlands-based leading independent source of news and intelligence for professionals in the global payment community. Our products are aimed at merchants, payment services providers, processors, financial institutions, start-ups, technology vendors and payment professionals and have a special focus on all major trends and developments in payments-related industries including online and mobile payments, online/mobile banking, cards, cross-border ecommerce, e-invoicing and SEPA. We are also keen on keeping our readership informed with regard to online fraud prevention innovations and the most significant trends in the digital identity space.