EPS Education

India today is on the centre stage of the rapid adoption of digital payments. India’s total digital payments volume is expected to reach $1 trillion by 2023. Digital transaction volumes have touched 1.5B in a month. India’s target is 1B transaction per day and it's going to happen. It's important that today's youth understand payments: how it works, its underlying technologies, the role of authorities and different concepts in banking and payments to give a well-rounded knowledge to make a career in BFSI with sound payments knowledge. Change in payments has gone into fast track, and expect to accelerate from now on. From digital disruption and the race to innovate to regulatory requirements and customer demands, banks, payment aggregators and switch companies all have to innovate payments. The pressure will not let up. They all must anticipate what’s next—and implement. They must constantly change, innovate, adopt and put new payments channels and products in the hands of the customers.