TechCircle: Top three predictions in the mobile payments space for 2014

Mobile has been one of the most talked-about technology verticals and continued to see innovation in 2013. New companies emerged in India and explored opportunities in this space that changed the way people lived and interacted. Some of the applications where mobile is already making life easy include doctor’s appointments, restaurant booking and air/bus ticket bookings, among others. However, the most significant impact going forward would be felt in the payments side. This is evident from the fact that global players like Fortumo and Boku have recently announced expansion into India with an aim to tap the massive opportunity in a country where few people have bank accounts but many more have a mobile connection. In short, if exploited properly, India could be sitting on the cusp of a revolution in mobile payments. Techcircle.in talked to a few industry experts to see what is in store for the year 2014.

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