Here are some highlights from the Money 2020 event at Las Vegas, USA where George Sam Co-Founder & Business Head Mindgate with Mandy Killam Executive Vice President, Leader of ACI Growth Markets at ACI Worldwide were addressing the APAC market opportunities and growth of digital payments & UPI in India which recently crossed 100 million users making it the fastest adoption of any payments system anywhere in the world and hit a landmark of 1 Billion, three years after its launch. Industry estimates suggest that more than 90% of UPI transactions are peer-to-peer. Mindgate aims to take the network globally by enabling acceptance of UPI in other countries too which can boost the existing innovative use cases of UPI payments in other geographies.
The forum presented digital payment evolution and growth of payments in India & APAC showing how India is spearheading digital payments globally and how Mindgate is well poised to drive growth from 1 Billion transactions a month to a billion transactions a day.
The session explored the development and adoption of UPI in India’s digital growth story, benefits to consumers and many interesting perspectives to accelerate real-time payment innovation globally.