The first and second editions of e-PaymentsIndia Expo, the International Conference and Exhibition of e-Payments Technologies and Applications, held in 2008 and 2009, in New Delhi, were well received by the banking community, Indian and global vendors and financial institutions. e-PaymentsIndia Expo 2009, co-located with SmartCards Expo 2009, e-Security Expo 2009, RFidIndia Expo 2009 and BiometricsIndia Expo 2009, took place at a time when e-Payments Technologies had just started penetrating in the Indian financial sector.

e-PaymentsIndia Expo 2010, the 3rd International Conference and Exibition is co-located with SmartCards Expo 2010, e-Security Expo 2010, RFidIndia Expo 2010 and BiometricsIndia Expo 2010, will be held on September 28-30, 2010 at Bombay Exhibition Centre, Goregaon, Mumbai, India.

Mumbai, the Financial Capital of India, is the “natural” home to e-PaymentsIndia Expo 2010. Mumbai generates 5% of India's GDP, and accounts for 25% of industrial output, 40% of maritime trade, and 70% of capital transactions to India's economy. The Mega city serves as an economic hub of India, contributing 10% of factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India's foreign trade and Rs. 40 billion in corporate taxes. Mumbai is home to important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, National Payments Corporation of India and the corporate headquarters of numerous Indian companies and multinational corporations.

Thanks to the thrust provided by the Reserve Bank of India (RBI), to migrate the Indian economy to electronics payments, the payments in India are fast moving to electronics mode. According to Celent, an international strategy consultancy firm, the retail payments market in India alone is likely to grow at 65-70% to hit US$180 billion in 2010.

In its recently released report on 'Payment Systems in India Vision 2009-12', the Reserve Bank of India has discussed initiatives it has taken and what it plans to do to improve security of cards, make ATMs and banking more accessible to the public, improve its efficiency, timings and reduce risks. Keeping in mind that e-commerce is a key driver for the digital space in India, the RBI’s outlook is an indication of changes that can be expected in the next few years.

RBI expects mobiles to emerge as an important channel for payment instructions and intends to ensure real-time mobile-payments are facilitated using a nation-wide infrastructure. With RBI increasing the cap on mobile banking to Rs. 50,000 a day, more than 50 per cent of account holders are expected to come under this platform in the next five years.

As on December 2009 total number of mobile phone users in India were 525.15 million. The subscriber base in the country is increasing by more than one million subscribers every month.

The opportunity in mobile banking has become enormous and over 50 per cent of India's 200 million bank account holders would become its beneficiaries.

Concurrently with the exhibition, a full-day Technical Workshop on Technology options for e-Payment on September 28, 2010 and an International Conference on Trends in e-Payments: Challenges and Opportunities is being organised on September 29, 30, 2010 to explore the opportunities for Smart Card, e-Security, RFID, and Biometrics Technologies.

Be there

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