Alternate revenue models for Payments Banks in India

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i | Alternate revenue models for Payments Banks in India
Contents Executive Summary................................................... 1 1. A background to Payments Banks in India ......................... 3 1.1 An inflection point for financial services in India ..................................5 1.2 Enabler for broadening reach of financial services in India ..........................5 2. Evolution of the Payment Banks towards complete financial inclusion. . . . . . . . .6 2.1 The rapid scale-up of Aadhaar ................................................7 2.2 The rapid scale-up of digital wallets in India ......................................7 3. A step towards ubiquitous banking access and cashless society ............. 8 3.1 Instant documentation and onboarding process ..................................8 3.2 Near zero marginal cost of transactions .........................................9 3.3 Adopting a digital first approach ............................................. 10 3.4 Complete interoperability across all systems participating in a transaction ........... 11 3.5 Solutions designed for everyone, across customer segments ...................... 11 3.6 Data-led near real-time decision making ...................................... 11 4. Alternate revenue models for Payments Banks.......................... 12 4.1 Facilitate micro savings .................................................... 13 4.2 Create large scale access to credit ........................................... 14 4.3 Merchant acceptance: provide “acquiring” as a bundled service to merchants with a focus on low-cost acceptance .......................................... 15 4.4 Marketplace for financial services and local commerce ........................... 17 4.5 Data ................................................................... 17 4.6 Platform approach toward banking and payments ............................... 18 5. The way forward.................................................. 19
Page 1: Alternate revenue models for Paymen
Page 5 and 6: Identifying the revenue adjacencies
Page 7 and 8: Significant progress has been made
Page 9 and 10: 2. Evolution of Payments Banks towa
Page 11 and 12: 3. A step toward ubiquitous banking
Page 13 and 14: 3.3 Adopting a digital first approa
Page 15 and 16: 4. Alternate revenue models for Pay
Page 17 and 18: Yu’eBao Yu’eBao in China has be
Page 19 and 20: Telesom ZAAD creating a cashless pa
Page 21 and 22: Lenddo 16 has enabled the populatio
Page 23 and 24: References: 1. “Indian Consumer M
Page 25 and 26: Notes Alternate revenue models for
Page 27 and 28: Our offices Ahmedabad 2nd floor, Sh

Alternate revenue models for Payments Banks in India

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