‘Digital Payments Big Threat to Revenue of Banks in India’

12-Mar-2015 #Digital India Source: New Indian Express

The Nasscom official warned that it is a big threat on nearly half of Indian banks’ revenue due to digital payment gateways like PayPal, Google Wallet and other digital merchants and it is the time where banks need to take right actions before it gets too late. The further informed that most of banking transactions are transacted through mobile apps controlled by online-payments specialists.

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