Obopay CEO Deepak Chandnani predicts a Mobile Money revolution in India

October 13th, 2011

The first day of Mobile Money Southern Asia was hosted at the Leela Kempinski, Mumbai, on September 27, 2011. Obopay CEO, Mr. Deepak Chandnani was a panellist at this exclusive event and also a speaker later in the day.

Deepak took the stage in the first session of the day unlocking the potential of mobile money in South Asia. The panel included eminent executives representing large corporations keenly looking at the mobile money potential in South Asia. They included Gary Singh, MD, Nokia Money; Krishna Kumar, GM Marketing Mobile commerce, Vodafone Essar and Rahul Joshi, Joint General Manager, ICICI Bank.

Current state of mobile payment in the region was seen through the lens of banks and MNO’s. The panel identified trends and hot spots, opportunities for mobile money services, existing mobile banking mechanisms and recognized obstacles facing full deployment of the mobile money ecosystem. Deepak mentioned Obopay’s presence in Kenya, and the rapid growth of adoption in the Indian market. He also emphasized on the huge underserved unbanked segment in India.

Deepak in his address in the pre-lunch session focussed on the Indian market. He concluded that India will have the largest base of mobile financial services users, multiple times the numbers that we see today in markets such as Kenya and the Philippines.

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1 Comment

  • 1. | Mobile. Money. Obopay. &hellip  |  October 13th, 2011 at 2:35 am

    [...] focussed more on the setting forth the importance of Mobile Commerce with a special focus on India. Deepak was a speaker on this day with the session on Unleashing the potential of mobile money in Ind… Deliberation on the current state of mobile money transfer services in South Asia was done with the [...]


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