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
