India’s digital payment infrastructure has matured remarkably, propelling India to the forefront of digital payment innovation! This all has been courtesy of the favorable regulatory climate guidelines, e-commerce growth, government initiative and lets not forget the pandemic that enabled rapid digitization.

Concerns about the sustainability and consistency of existing and new operations persist as established and new age players began to introduce innovative fintech technologies for merchants and customers.

These concerns were addressed and digital payments narrative reimagined through innovation by IAMAI, with Lyra as a title partner. They organised the 14th edition of Digital Money, a two-day virtual conference for Fintechs and digital payment stakeholders.

The conference was held virtually on the 1st and 2nd of December, with several national and international stalwarts from the Fintech industry, banking and non-banking sectors, and payment solution providers in attendance. The conference was organised around two thoughts, ‘Innovation’ and ‘Scale,’ in accordance with the theme, ‘Innovation to the Scale,’ with enlightening keynotes, panel discussions, and fireside charts led by innovators from fintech and financial institutes.

Lyra Network India, an established leader in securing proximity payments, and e-commerce participated actively in panel discussions and hosted a booth at the event as a title partner.

Christophe Mariette, Chairman of Lyra Network India, delivered the keynote address on the first day, December 1st. The keynote was titled ‘Creating secure, scalable, innovative digital payment solutions to meet market needs.’  Mariette stated that creating a profitable fintech payment system is more than just providing a flawless mode of accepting online payments, emphasizing the importance of secure, scalable, reliable, and innovative digital payment solutions.

Lyra’s long-term goal is to revolutionise the payment world by bringing an innovative culture and emerging technologies to the sector, he stated.

Lyra stands with the dream of offering seamless digital, secure, and easy-to-manage payment acceptance solutions in India’s vision of becoming a $5 trillion economy by 2025 and transitioning from a less cash economy to a no cash economy, he added further.

Rajesh Desai, CEO & MD at Lyra, moderated an enthralling discussion panel on ‘Merchant Acquiring in a Regulated Environment-Building a Viable Business Solution.’ Up until recently a less glamorous venture, merchant procuring has changed over the past decade from a legacy processing and hardware business to a full-stack software and merchant services solution.

The panelists from banking and non-banking backgrounds discussed the transformation of merchant procuring, the impact of the pandemic, new regulations, and trends in merchant behavior.

Mannoj Varma, Product Head, Lyra Network India, participated as a panellist in a futuristic and enlightening panel discussion on the ‘Furthering  Digital Payments Revolution in India.’ The discussion focused on innovations and advancements in the Indian Digital Payment space, as well as how digital payments as part of India’s finance system can reshape the Indian economy’s growth potential.

About Lyra Network India

Lyra Network India, based in Mumbai, India, was founded in 2007 and is a pioneer in securing e-commerce and proximity payments. Lyra actively functions in sectors such as Payment Gateway Services, Banking Solutions, and White Label Solutions, and provides highly secure payment acceptance solutions such as SIM Solution, Lyra EPOS, PoS Routing Solution, WhatsApp Payment Solution, Payment Switch,and many other add-on innovative payment processing services. Lyra’s unique technique reduces transaction time and enables cost savings for its users by providing a stable, robust one-stop-shop for banks, customers, e-commerce platforms, and all types of businesses.It also delivers data security to procurers and serves as a single gateway for multiple networks and protocols.

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