Moneycontrol | 08/12/2020 03:17 PM | Click to read full article
The last few years have seen a massive change in the way consumers have paid each other, paid for goods and services, and transacted online. Moneycontrol looks at the top five innovations, which have had a remarkable impact on the overall ecosystem.
They are QR Codes, NFC Cards, Instant Settlements, Video KYC and AePS. QR codes have made business payments easy. Video KYC has helped consumers open bank accounts from the comfort of one’s home.