Mumbai, Maharashtra, India: Digital payments are rapidly becoming mainstream and are disrupting the global financial system. In the year ahead, payments companies will be exploring the payment trends that will drive change, present challenges, and create opportunities. Though in a bid to further financial inclusion through digital payments, there are still more questions than answers about how to deal with these challenges and how to use the new opportunities.

To address these questions, challenges, and opportunities, a day-long conference was organized by Lyra Network India & Payments Council of India (PCI), the 12th edition of ‘Digital Money’ which took place recently at Taj Lands End Mumbai.

Arranged around the theme ‘widening a cashless horizon’ the conference took place in the presence of many pioneers from fintech industry, banking & non-banking sectors, and payment solution providers. The conference featured lively sessions on diverse topics like, innovation in the payment industry, transit payments, preventing payment frauds, and digital on-boarding, among others.

Lyra as an established leader in securing e-commerce and proximity payments enthusiastically took part in panel discussions.

Christophe Mariette, Commercial Director and Chairman at Lyra India, gave an insightful keynote on the future of digital payments in India. “India is far ahead of several nations in digital payment technology and holds great potential. Lyra is determined on developing own products and solutions rather than taking help from the third party to maintain secure and seamless data flow between merchants and banks," said Mr. Mariette.

An insightful opening panel discussion on ‘Widening digital payments in India: Focus areas’, had a blend of renowned personalities from Indian payment industry and was moderated by CEO & Director, Lyra India, Mr. Rajesh Desai. Christophe Mariette, also took part in a captivating panel discussion about ‘Detecting, Managing and Preventing Payments Fraud’.

About Lyra

Started in 2007, in Mumbai, India, Lyra secures e-commerce and proximity payments and develops value-added services for daily transaction and equipment management. Working in sectors like payment gateway, sim solutions, merchant plug-in, payment switch, Lyra offers advanced services and solutions to the banks, facilitators and e-commerce platforms. With an SSL certificate for the website and PCI-DSS V.3.2.1, Lyra is well-equipped to deliver high-level security in payment processing.

The Lyra Group, India in a few figures:

Over 10 billion payments secured and transmitted

Over 1,20,000 e-merchants

Over 14,00,000 POS devices

Processing 16 million connections per day

Media contact details: Vipul Lakkapatri (Manager, Digital Marketing & Communication), Lyra Network India, vipul.lakkapatri@lyra-network.co.in, +91 (22) 33864925

Disclaimer: This content is released by Business Wire India. No HT journalist is involved in creation of this content.

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