| | April 20184CIOReviewEditorialEvolution of technology, demographics and regulatory dynamics is causing a paradigm shift in the global payments industry. Trends such as new opportunities in payments industry in terms of adoption of Open APIs, growth in digital payments, innovation in cross-border payments and challenges from the entry of alternative service providers are impacting the industry in terms of fostering competition, nurturing innovation, and enhancing process and system related efficiencies. Card issuers play an important role in the card payment ecosystem as they bring new customers to the payment card industry and help maintain customer loyalty towards card payments. Through various initiatives, such as cash back incentives and loyalty programs, they help drive cards into one of the mainstream non-cash payment channels. The scope and advantages of using smart cards in the current banking and finance industry are massive. The primary aim of implementing smart card technologies is the introduction of stronger security measures against the growing counts of data theft. The retail and BFSI industries have shown a high demand for smart cards as a feasible security measure. At the same time, in emerging markets, the growth of the middle class and expanded consumer activity represent vast untapped pools for payments companies, particularly involving mobile money applications, because cellular penetration in these regions tends to be high. With open banking and APIs providing the capability to enhance the customer experience with rewards and instant alerts, the acceptance of mobile payments is on the verge of significant growth. Younger consumers are demanding an exceptional digital payments experience on all platforms, most importantly on their smartphones. In this issue, CIOReview India presents to you `20 Most Promising Cards and Payments Technology Solution Providers' who have proved their mettle with their innovative offerings. These companies pride themselves on keeping pace with the latest technological advancements in this domain. We hope this issue gives you helpful insight into this market landscape. Sudhakar SinghEditorsudhakar@cioreviewindia.comPayments Industry Undergoing a Paradigm Shift VOL 6 · ISSUE 4-3 · APRIL 12, 2018 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine-in or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarAlok ChaturvediCIOReviewGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReview No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017ManjunathVimalraj MCIOReviewEditorSudhakar SinghVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales & MarketingAmrit SinghIndranil ChakrabortyRavi Kalgi Rohit RaghubanshiAmeet Kumar SahooPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Copyright © 2018 Bizprint Media Technologies Pvt Ltd, All rights reserved. Re-production in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Chitra MishraEmmanuel Christi DasLakshmi GNazish HussainShaheen SaikiaSeena KennethSuchita GonsalvesVinisha PaivaNoidaTel 120 4639300
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