Driving the Digital Transformation for a Billion People
Driving the Digital Transformation for a Billion People
4 Pages+1 408 382 1200 1 sales@rssoftware.com www.rssoftware.com THE TRANSFORMATIVE POWER OF ELECTRONIC PAYMENTS CASE STUDY CASE STUDY Driving the Digital Transformation for a Billion People Innovation Supported by a Central Digital Platform India is the second most populous nation on our planet with more than 1.3 billion inhabitants. Currently the number of non-cash transactions per person in India stands at less than 10 per year. To put this in perspective, the number of non-cash transactions per inhabitant in the United States was 391 in 2013. Broadly speaking, there are two reasons that explain the challenges that have limited the adoption of e-payments in India. First, nearly 75 million households have no existing relationship with a financial institution. Second, only about 10 per
