In the past decade, the way we pay has revolutionized. Cashless payment instruments have captured both national and international payment markets, changing how acquirers, gateways, processors, payment service providers (PSPs) among others function and operate. This market turmoil has radically changed the user experience, prompting fintech to create a digital ecosystem that is secure, simple and accessible to everyone in the economy.

Mastercard, one of India’s leading payment companies is all set to host the long-awaited Mastercard Payments Summit on 22nd and 23rd September 2022 at ITC Grand Chola, Chennai. The Payments Summit, a Mastercard flagship event, is being held after a gap of two years and aims to bring together thought leaders and industry experts from the payments industry to exchange ideas, thoughts and perspectives on the future of payments. Can go All financial institutions in India including HDFC, ICICI, Axis, SBI are expected to participate in the summit.

With a large number of consumers adopting digital payments, especially during the pandemic, the need to discuss the digital capabilities and technologies of the future is high. The need of the hour is to make payments faster and safer, enhance user experience, enrich decision making for all stakeholders involved and create a greater sense of security for consumers. Technologies like Blockchain, AI, IoT, Metaverse, Crypto, NFT, and others are set to become mainstream and will revolutionize the way we do business. The objective of the event is to discuss these changes and highlight emerging trends in the fintech, technology, security and regulatory landscape.

Thought leaders at the Mastercard Payments Summit will talk about future solutions that can drive innovation in the industry and pave the way for a stronger digital economy. Some of the top speakers at the event are Abhay Tandon, Head Digital & AI Innovation, TVS Motors, SS Mundra, India Advisory Council, Mastercard, Sabyasachi Goswami, CEO Perfios, Ken Moore, Chief Innovation Officer, Mastercard and Sandeep Malhotra, EVP. Product and Innovation, Asia Pacific, Mastercard among other dignitaries.

The summit has a progressive agenda that aims to discuss some of the step changes that will lead to significant changes in the way we pay. It will also discuss how the payments industry will be transformed by industry leaders with the help of AI, Metaverse, Big Data, Cyber ​​Security, Open Banking etc. Priority will be given to sessions and panel discussions on key topics such as the role of AI in the metaverse; open banking; Protecting consumers in the digital economy; Analyzing Big Data for better decisions and better outcomes; and winning affluent consumers.

In addition to sessions, the Mastercard Payments Summit will also feature a dedicated product and solutions demo area where Mastercard teams and partners will showcase their exciting and upcoming innovations such as:

1. Cyber ​​and Intelligence Showcase – Risk Recon, ID Check Express Demo
2. Data and Services Showcase – Case studies on how D&S Insights and Reports (Travel Trends, Macro Outlook) can help issuers meet their business objectives, Test & Learn Solutions, MICs, and more.
3. AI Garage – AI Account Intelligence – a solution to trace trends and consumer spending to enhance risk and revenue related decisions
4. metaverse showcase – Paying with Token NFT in Metaverse, Decentralized Antique Auctions etc.

Mastercard has emerged as a leader in the payments innovation landscape in India. Apart from promoting digital commerce in the country, its initiatives have led to a change in behavior among customers.

As a global technology giant in the payments industry, the organization is leading the future of India’s digital payments. The Mastercard Payments Summit 2022 is set to be a benchmark event that will further the work of Mastercard and help in designing, developing and deploying future innovations to build the digital economy of the country.

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