Monday
July 31
2017

Visa chasing Indian payments market as mobile money gains traction

Visa CEO Alfred Kelly has affirmed the company’s goal to claim a “fair share” of India’s incipient cashless payment market by offering low cost, low hassle solutions to merchants.

Kelly stated during the company’s Q3 fiscal earnings call that while India presented massive opportunity, the firm faced strong competition from companies offering more innovative solutions that Visa’s typical rivals, noting “we’ve got competitors that go beyond just the traditional players that we’ve competed with over the last number of decades.”

Source: Developing Telecoms (link opens in a new window)

Categories
Technology
Tags
cashless, digital payments, financial technology, fintech, India, mobile money, Visa