VSoft in association with Elets Technomedia organized BFSI leadership Summit 2016 where the banking industry leaders, technocrats and regulators converged to discuss the future of payments in facilitating RBI’s vision of a cashless economy. The event was presided by Hon. M.D and CEO of NPCI, Mr. Hota , who expressed his views on the initiatives taken by the retail payments body in supporting financial inclusion goals and the role of recently launched payment infrastructure,UPI, in bridging the barriers for last mile outreach . He also emphasized its innovative features that has potential to transform the nature of payments transactions in India
VSoft’s Vice President of Sales and Marketing, Mr. George Verghese, articulated his views on the consumer expectations as well as the inadequacies and challenges that the banks are bracing to satisfy the associated needs .He presented an optimal solution for an Omni Channel approach which would lead to consistent experience across devices of users preference without the cost of overheads that are banks are currently bearing. VSoft’s innovative platform for payments that is in Integration with UPI was also highlighted in the presentation.
Issues in the realm of digital banking in terms of security, payments as well as the opportunities laid by the policy maker in terms of UIDAI and Jan Dhan were also discussed.