Increasing eCommerce & Online Transactions in India

being practical: Increasing eCommerce & Online Transactions in India 19, March 2010 pj | pj@beingpractical.com | www.beingpractical.com How Reserve Bank of India (RBI) can facilitate eCommerce and Online Transactions in India

eCommerce = Healthy Internet Businesses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Online Transactions = Future of Internet Industry Future of Internet Industry & Ecosystem depends on Number of Online Transactions Internet Ecosystem Internet Ecosystem

Banks can aid India’s Internet Adoption! Data from: Vizisense on 19 March 2010 Total Users to top 5 banks: 16.25 Million per month Monthly Unique visitors in Million 35 Mn 60 Mn 46% 27% If India’s Internet User Base is ,[object Object],[object Object],[object Object]

Scenario Today: Credit Cards: ,[object Object],[object Object],[object Object],Debit Cards: ,[object Object],[object Object],Internet Banking: ,[object Object],[object Object]

Plan of Action: How RBI can boost eCommerce transactions? Curb the loss of opportunity Mandate to improve Credit / Debit Card distribution ATM Network Connectivity Offering Internet Banking Improve Payment Gateway Infrastructure Internet & Broadband Connectivity Creation of Indian Electronic Payment Network - IndiaCard 1 2 3 4 5 6 7

Curb the loss of opportunity 1 ,[object Object],[object Object],[object Object],[object Object]

Mandate to improve Credit / Debit cards distribution 2 ,[object Object],[object Object],[object Object]

ATM Network Connectivity 3 ,[object Object],[object Object]

Offer Internet Banking 4 ,[object Object],[object Object],[object Object]

Improve Payment Gateway Infrastructure 5 ,[object Object],[object Object],[object Object],[object Object]

Internet & Broadband Connectivity 6 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Creation of Indian Electronic Payment Network (IndiaCard) 7 ,[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Creation of Indian Electronic Payment Network (IndiaCard) 7 Cost involved in Credit/Debit card transactions:

[object Object],[object Object],[object Object],[object Object],Creation of Indian Electronic Payment Network (IndiaCard) 7 Benefits when IndiaCard becomes reality: ,[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],Creation of Indian Electronic Payment Network (IndiaCard) 7 Challenges for IndiaCard: Happy Transacting on Visa & MasterCard till then 

thank you 19, March 2010 pj | pj@beingpractical.com | www.beingpractical.com

Increasing eCommerce & Online Transactions in India

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Increasing eCommerce & Online Transactions in India