Payment Gateway Market Has Tremendous Potential In India

The rise of Internet, the success of mobile phones in terms of penetration and the availability of large unbanked population in emerging economies have created new and exciting opportunities for service providers.� Sensing these opportunities, even non-traditional players such as BEAM, Pay U, Airtel, Vodafone, PayPal, Obopay, mChek, Prism among others is forcing banks and other players in the ecosystem to move quickly in order to preserve their payments revenues and take advantage of emerging payment platforms says the report released by Knowledgefaber.