With almost 90% of payment transactions in India done in cash, there is little doubt that alternative payments have taken a back seat. Recently, banks have begun to promote electronic payment with efforts to tip the scale.
PYMNTS.com asked David S. Evans to speak with Amit Sethi, Managing Director of India and South Asia at TSYS, about the changing payments landscape in India for this exclusive NEXTcast interview.
Executive Bio: Amit Sethi, Managing Director of India and South Asia at TSYS
Amit Sethi is a veteran of the global payments industry. During his 25-year career, Sethi has been actively involved in the financial services, technology and outsourcing industries through a series of executive positions with companies such as Bank of America, HSBC, Visa International, KPMG, Oracle Corporation and iGate. Sethi served as Global Sales Head of Financial Services and Service Industries for Sutherland Global Services prior to joining TSYS, one of the world’s largest companies for licensed and outsourced payment services, where he is the Managing Director of India and South Asia.
Sethi has a wealth of experience in retail payments, international business models and in building and scaling businesses. He is also co-chairman of the Prepaid Information Forum (PIF) India.
With almost 90% of payment transactions in India done in cash, there is little doubt that alternative payments have taken a back seat. Recently, banks have begun to promote electronic payment with efforts to tip the scale.