Convenience in Mobility Payments _ AGS India.pdf

Convenience in Mobility Payments | AGS India The Indian payment ecosystem has evolved significantly over the last few years, especially post demonetisation and the pandemic. Consumers today prefer making digital payments across all touchpoints such as payment counters at retail outlets, petrol pumps, transit modes, e-commerce websites, Kiosks etc. While digital payments are prevalent in almost every sector, a new wave of digital transformation is likely to be seen in mobility payments. For decades, cash has been the preferred mode for transit/mobility payments. However, post demonetisation and post-pandemic era, digital modes of payments have witnessed an unprecedented growth. One of the most important reasons for this is consumers’ growing preference towards safe, secure and convenient payments. To cater to this demand, various mobility service providers are collaborating with payment players to offer hassle-free digital payment solutions. Let us understand how convenience in mobility payments is shaping the way for a more seamless transit/mobility payment ecosystem in India: Rise of super apps India has witnessed the proliferation of ‘super apps’ in the last decade. These are all-in-one mobile applications that can be used for ordering food, hailing taxis, online shopping, buying travel tickets like Metro, flights etc., recharging phones and so on. In context of Indian mobility, these applications let you make payments for such services on-the-go by the way of QR codes, UPI etc. This reduces the hassle of navigating

Convenience in Mobility Payments _ AGS India.pdf

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