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Showing posts with label 2015 Safe eTransactions Trends. Show all posts
Showing posts with label 2015 Safe eTransactions Trends. Show all posts

Monday, December 29, 2014

2015 – 10 Trends to look out in Safe eTransactions

            In another couple of days, 2014 will move out of our lives, and 2015 will enter our lives.

            The following are the Trends which will dominate Safe eTransactions in India.
Rising Trends


01) Cash Transactions will continue to grow. The channel mode will shift from ATMs to Branch Banking channel

02)eWallets will see a spike. The trend will be on Semi-Closed eWallets and Open eWallets

03)IMPS (Instant Mobile Payment Services) will witness  far-reaching transactions jump

04) Biometric Authentication services will witness new transaction modes being added

05)eTransactions frauds. The law enforcement agencies/customers/banks will be baffled with new strains of eTransactions frauds

06)The rise of Chota ATMs

07)NACH (National Automated Clearing House) will see new corporates as Participants


Declining Trends

01) The average number of ATM financial transactions will fall as the customers try out alternate payment channels

02) ECS (Electronic Clearing Services) volumes  will reduce rapidly by 3rd quarter


03)Physical cheques volumes will see a fall as bank branches too prefer eTransactions

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