CIO Insider

CIOInsider India Magazine

  • CioInsiderIndia,  Team

    CioInsiderIndia, Team

  • We are one of the leading payment solution providers in the whole of Middle East as of today. We have almost 70 odd percent of the market, when it comes to payments. We are working with banks, Telcos, various government agencies, specifically providing payment solutions. OMA Digital Solutions’ services different industries from traditional way of issuing a payment card to acquiring it over a terminal, and through various other channels like eCommerce, mobile POS, kiosk etc. Now we’re advancing with technology wherein a mobile platform is enabled to allow people to use these cards.

  • Evolution From Cash To Tap-To-Pay

The Cashless Uprising

By: Emmanuel Christi Das Editor

Trade has played a major role in the development of mankind. From the evolution

How Fintechs are Influencing Financial Literacy

By: Rohit Arora, CEO & Co-Founder, Biz2Credit

In the beginning, there was informal money lending.Then banking then accounting

10 Most Recommended Cards & Payments Technology Solution Providers - 2019

The Unreasonable Effectiveness Of BOTs

By: Pradeep Rajendran, Technology Leader, Federal Reserve Bank of St. Louis

The golden age of automation is here! We are rapidly moving towards


Delivering The Fundamental Tenants Of Payment System

By: Ramki Gaddipati, Co-Founder and CTO, Zeta

Inline banking, internet-based activities have increased. It has increased in muscles


Technology Enabled Inclusive Financial Service

By: Suvrata Acharya, Senior Vice President, NIIT Technologies

As we are moving towards more digital lifestyle every day, we are looking


IT Security In The Financial Sector

By: Neehar Pathare, Vice President Information Technology, Financial Technologies (India)

As we move ahead from a busy May, which kept us all busy keeping 'Wannacry' at bay.


Challenges Ahead For The Fintech Industry

By: Prabhu Ram, Group CEO & Managing Director, Payswiff

The Fintech Industry is charting a new course every day, boldly going where no traditional


The Importance Of Cybersecurity In A Digital ERA

By: Mukesh Sachdev, Senior Vice President, Information Technology, HDFC ERGO General Insurance

On the back of growing digitization and Internet penetration, India has been making


Enabling Financial Inclusion On A Digital Platform

By: Manoj Kumar Nambiar, Managing Director and Arvind Murarka, Head IT, Arohan Financial Services

Recent studies states that over 19 percent of the Indian population is still unbanked


E-Mandates And Their Power To Transform Payments In India

By: Arif Khan, Chief Innovation Officer, Razorpay

Innovation in payments and banking is playing a crucial role in India's digitization journey.

  • 10 Most Recommended Cards & Payments Technology Solution Providers - 2019

    The constant technological disruptions hitting the cards and payment industry are resulting in the designing of better platforms and push towards a digital economy. Post demonetization in India, the use of credit cards and debit cards has witnessed an exponential surge, having issuance of debit cards with huge expansion compared to credit cards. As per the Reserve Bank of India, there were a total count of 880 million debit cards and 30.8 million credit cards functional in May 2017. Currently, India has evolved as a good soil for the growth of cards and payments industry. According to KPMG, digital payments in India are thriving with a CAGR of 12.7 percent in the number of non-cash transactions. The primary reason behind this hike, as pointed out by the accounting organization, is the mobile payment revolution that pushes merchants to adopt digital payments in their shops. India had around 1.5 million digital payment acceptance locations in 2016-17, which grew to 10 million within the short span of two to three years. The global digital payments market was marked at USD 3417.39 billion in 2018, and is expected to reach USD 7,640 billion by 2024, recording a compound annual growth rate of 13.7 percent in the forecast period of 2019-24. As per the geography, India ranks third amongst the Asia-Pacific regions that embrace the use of digital payment technology after China and Japan. With new technological trends like contactless payment that uses short-range wireless technologies such as RFID and NFC payments, it has emerged as a preferred option to securely complete a transaction between contactless card and contactless POS terminal. Since customers prefer digital payments for the ease of conducting financial transactions, it has become one of the biggest motivator for merchants to start adopting the technology. Financial institutions have realized the benefit long back, and have been adopting the new technologies in the market to deliver a customer experience that gives data security and privacy, along with achieving operational efficiency. Observing the current trend of cards and payment technology adoption in the context of Indian market, CIO Insider’s distinguished panel consisting of CEOs, CIOs, CXOs, analysts and the editorial team have evaluated the top companies in this bubble and shortlisted according to their corporate engagements. We present to you “10 Most Recommended Cards &Payments Technology Solution Providers - 2019”.

10 Most Recommended Cards & Payments Technology Solution Providers - 2019

Company Logo Company Name Company Management Company Description
Camp Card Solutions Camp Card Solutions Mani Shanker Jha, Co-founder & Director Facilitates contact less smart card based mobile transaction solutions.
CityCash: Cash and the City CityCash Vineet Toshniwal, Founder & CEO Focuses on NFC based card payments to provide offline tap-to-pay based payment solutions for small-value, high-volume transactions.
ePaisa ePaisa Akash Arora, Founder Designs multilingual mobile-based Point of Sale solution for small and medium businesses.
EzeePay Services EzeePay Services Velayudam Murugan, MD A provider of mobile payment platform for recharge, utility bill payments, and ticket booking.
Mswipe Technologies Mswipe Technologies Manish Patel, Founder & CEO Builds capabilities around POS, Mobile POS, Card Payments and financial services.
Novopay Solutions Novopay Solutions Gautam Bandyopadhyay, Co-Founder Expertise revolves around Digital Banking System, Payment solutions, and financial services.
OMA Digital Solutions OMA Digital Solutions Niranj Sangal, Group CEO Leverages contactless & NFC technologies to deliver Payment Issuance, Payment Acquiring and Card Personalization Solutions.
PayKun: Collecting Online Payments Cannot get Simpler PayKun Deepak Dabhi, CFO Offers secure payment gateway service for Indian Merchants and Sellers of various sizes.
Payoneer Payoneer Prasanna Rao, Head of Marketing Renders a suite of services that includes cross-border payments, working capital, tax solutions and risk management.
Roamsoft Roamsoft Mohan K, Founder Develops mobile payment solutions for Small & Medium Businesses.