T. V. Mohandas Pai,
Chairman, Manipal Global Education Services Pvt. Ltd
The Global Digital Imperative
Global Digital Economy
New models of delivery Hello Bank (BNP Paribas), Soon Bank (AXA Bank)
Consumer Fuelled
Government Push
bn
Source:DeitY Source:BCG
02 AADHAAR
(993 mn)
PAYMENTS
04 - IMPS (196 mn txns in 2015)
- UPI
Bharath Bill Payments
How do people 90% connect through 2G Lite-applications which can work in online & offline mode
connect ?
Pre vs Post-paid 95% pre-paid market Users have limited data usage plan. Data/digital-led market
will take time
Payments Rapid growth. 255m transactions using wallet, Digitized point of sale and payment banks will further
$15+ b worth mobile payments intensify competition.
English savvy users Just ~12% of internet users (~50m). Most non- Multi-lingual support is critical for penetrating the large
urban users prefer vernacular untapped rural mass across 3.5 lac villages
Source: Credit Suisse report Dec 2015 Manipal Global Education Services Pvt. Ltd.
Emerging Digital Banking System
2011 2015 CAGR
Reporting offices in Rural 34208 49181 9.50%
Total Reporting offices 76045 108532 9.30%
BCs Year 2010 Approx 500,000 72.20%
33042
Mobile banking volume of txn Year 2014 144 mn txn Year 2015 113% Volume
- INR 666 bn value - 308 mn txn 330% value
- INR 2862 bn vlaue
7.5% 7.2%
5.6% 5.9% 5.0%
2.1% 2.7%
Your APIs should rule the space or you could be ruled out