Mint Cash to Digital Summit

Cash to Digital Summit

Overview

Mint Cash To Digital Summit was a unique platform where industry experts, industry leaders, policy makers and marketers gathered to discuss about the latest innovation, new requisite, marketing model, digitalisation and many other prospects of digital India. With the rise of payment gateways, expansion of e-commerce and establishment of payment banks – Are we on our way to beat India’s cash addiction? To further understand whether the Indian banking system and the society as a whole is ready to undergo this transition, Mint organised a business summit with a panel of thought-leaders and industry experts on ‘Towards a cashless economy’. ‘Digital India’ becomes a buzz word, but less than 5% of all payments happen electronically in India. However a notable transformation may just be round the corner. Aiming to curb black money, the finance minister in his budget speech talked about making India a ‘cashless society’. This platform is amalgamation of digital experts which provided a real picture of the world and practical solution at the hamlet of marketing, user experience, and emerging technologies.

Highlights

RBI grants ‘in principle’ approval for payment banks to 11 entities – the most disruptive moment in Indian banking ever:
What Nandan Nilekani describes as the Whatsapp moment of Indian banking where the mobile number has been chosen as an identity.
And today the volume of the whatsapp messages is 30 billion in a day.
The main attraction of the event was Mr. Nandan Nilekani, Indian entrepreneur, bureaucrat and politician and Mr. Ravi Shankar Prasad, Minister of Communications and Information Technology (TBC).

Agenda

Keynote by Nandan Nilekani, Former chairman of the Unique Identification Authority of India:

Topics of Discussions:

Panel 1 : De- risking transactions: Technology, Security and Fraud

Panel 2: Disruption in banking : Traditional & Payment Banks

Discussions was moderated by a senior Mint editorial. A select gathering of 100+ audience comprising senior representatives from BFSI, technology, retail, e-commerce, regulatory bodies and so on.