TSYS White Paper
Executive Summary
A leading analyst group predicts that "India will climb…to be one of the world's top five generators of non-cash payments by 2017." In the emerging BRIC (Brazil, Russia, India and China) markets, cash remains king; but in India the tide is turning as consumers increasingly conduct electronic payment transactions with either plastic cards or, to a lesser degree, mobile phone-based applications. This market trend is being driven by a population of more than 1.2 billion, 350-400 million of which are part of the burgeoning middle class. This key demographic, growing annually at 5 percent, is developing a voracious appetite for consumer goods that can be supported through access to basic banking services provided by domestic and foreign financial institutions.
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About TSYS
TSYS is a leading global payment solutions provider connecting consumers, merchants, financial institutions, businesses and governments. Through unmatched customer service and industry insight, TSYS offers merchant payment-acceptance solutions as well as licensed and outsourced services in credit, debit, prepaid, mobile, chip, instalments, money transfer and more. TSYS makes it possible for those in the Indian and global marketplace to conduct safe and secure electronic transactions with trust and convenience.
Amit Sethi
Amit Sethi is a 25-year veteran of the global payments industry. During his career, Mr. Sethi has been actively involved in the financial services, technology and outsourcing industries in the U.S. and India. He has held a series of executive positions with companies such as Bank of America, HSBC, Visa International, KPMG, Oracle Corporation and iGate. Mr. Sethi was Global Sales Head of Financial Services and Service Industries for Sutherland Global Services prior to joining TSYS, where he is now Managing Director of India and Southeast Asia.
Tel: +91 120 4191000
Email: Amit.Sethi@ctl.com