2017 is the Year of Digital Payments

What you need to know: In 2015, consumers became aware and noticed other payment methods aside from cash. In 2016, financial services experienced a boom with innovative technology. This year (2017), consumers may be willing to pay a little extra for the comfort and convenience of using technology. Towards the latter part of 2016, India was preparing to jumpstart e-commerce on a massive scale after the announcement of the bank to demonetise the economy .

Why this is important: In 2017 we can expect digital instant payments to become more popular, especially in some locations, and we will see many services where paying with cash is just not an option. This has been seen in transport through the world from Argentina to United Kingdom, but it will become a lot more common.

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