Question

What are the future prospects of mobile money transfer services in india? What future road map should providers like Airtel prepare granted macro environmental factors as well as competing/substitute services and products?

Answer 1

With the enabling of UPI as well as internet banking, it can actually be mentioned that over the last 5 years there have been numerous application that were developed to make the money transfer more easy and secure and people have been moving from the conventional ways of money transfer like visiting the bank and then getting it transfer to the online mode through form and this is indeed a good sign for digital economy and this market seem to be growing and in future also it can grow to cover the entire population who got to have bank it accounts on the whole. However it can also be mentioned that there are many factors influencing the transfer where the biggest river that the consumers are worrying about is a security of the transfer where recently many of the digital complaintshave been recorded and that is the reason why the mobile companies in the future should be ready to enhance more and more security features and install it which is the the utmost priority right now