Main

THE GLOBAL SMART CITY KNOWLEDGE BASE

Transition to cashless society propels tech investments

The transition to a cashless society is creating opportunities for investment in the necessary technology in the Indian banking sector, according to new research by Gartner. Multiple top banks are heavily pursuing contactless payment, which in turn increases investment in devices.

Gartner estimates that Indian banks and security businesses are going to spend 11.7 percent more for digital payment infrastructure in 2017, totaling US$9.1 billion.

 

Enterprise Innovation

Why not share this article?

No comments yet.

Leave a Comment

Partner Networks

City Partners

SmartCityNews.global

SmartCityNews.global