siliconindia | | August 20184When demonetization hit India in the beginning of November, 2016, people quickly shifted their mode of payment to digital. In the meantime, with the Modi Government emphasizing on digital payment, many adopted it as a way of their life. But just few months later, several of them turned towards the traditional mode of payment (cash) due to troubled digital payment experiences. Ruled largely by unskilled labours & a large unbanked population, increasing cyber security threats, poor network connectivity and lack of proper infrastructure are some of the major reasons by the digital payment in India yet has to witness a proper launch. Looking at these glaring issues, and the opportunity at large, many companies are testing the digital payment waters to offer payment solutions that not only enable better digital payment solutions, but also help merchants streamline their bill and invoice and send it to the customers without any human intervention. MSMEs contributing a substantial part in our country's GDP, some companies are developing payment products and solutions that have option of selecting between two networks if one fails to connect. Though the companies are working towards creating specific solutions for further penetrating digital payment ecosystem within the rural epicenters of the country, the government's support in building this ecosystem is as imperative as innovations that can address the last mile challenges of the rural merchants. Addressing some of these challenges through their innovative and out-of-the-box products are a handful of companies. In our current edition of siliconindia Magazine, we bring to you the story of few such torchbearers who are leading the digital payment in our `20 Most Promising Merchant Payment Services Providers - 2018'. These companies are at the cusp of bringing a digital revolution and turn the cashless India dream into reality.Do let us know what you think!Anamika SahuManaging Editoreditor@siliconindia.comEditorialDigital Payment Ecosystem is Still at its Nascent Stage siliconindia Vol 06 · Issue 10 - 3 · August 06, 2018 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Associate Editor Susila Govindaraj Editorial Team Ananth.V John Roshan Anto Imelda Tarzarina Karthik Muralidhar Krupa P. Dave Shefali Mathur Sophia Rohtagi Srrayvinya OLM Sujith Vasudevan Sushruth R Trisha Pragya Younus Ahmad Dar VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindiamagazine.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2018 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers Mohana Krishnan Veena R Piddannavar Group Art DirectorAshok KumarNoida Ashu Sethi Garima AnandCirculation Manager Magendran Perumal Ashwini D Naik Felisha Rita Sambit Satpathy Tapas Ranjan Mallick
< Page 3 | Page 5 >