Shenzhen Rakinda Technology Co., Ltd.

Mobile Payment Market has aroused high interests from many IOT companies , Waste money and tax reform, the Indian government's efforts to implement the two reforms. In opposition, the Moody's government struggled to keep the reform in the end. In the Indian people are accustomed to the use of banknotes, holding the case of holding money, the implementation of the difficulty of waste money reform can be imagined. Modi government to implement waste money reform "has a selfish", is from the interests of the government itself, that is, to solve the government tax revenue, underground black economic transactions to evade taxes and serious black money bribery corruption. Modi government is clearly that the reason is that a large number of popular paper money, banknote cash transactions flooding, it is difficult to recourse to criminal traces. It is one of the effective ways to solve the underground black gold trading and various corrupt practices by implementing the electronic money and the future digital currency based on the block chain technology. Developed countries such as the United States have proved this point.

The Moody government seized the key. We note that, at the time of the Moody's government, the introduction of tax reform measures, namely: a single national sales tax (GST) to replace the cumbersome and chaotic state state taxes, and to relax cross-border trade. The authorities hope that this will force millions of merchants to pay taxes to combat the long-standing underground economy, increase government revenues and promote economic growth. Waste money is only the first step, more importantly, there is a radical alternative to cash transactions of the root of the cash policy. Naturally find the electronic money. From the Moody's government "waste money" and the tax reform of the two big move, India's electronic payment is clearly the opposite of the station. India's development of electronic payment of the great features and advantages have been very obvious, India has a rapid development and popularization of electronic payment policies and public support of the good atmosphere. The government has introduced a series of preferential policies to support the development of electronic payment market. Such as small merchants who accept electronic payments, can cut taxes; the Indian government also requires the telecommunications sector to be able to provide 100 trillion free traffic per user next year to help. These measures are really encouraging the development of electronic payment policy. Public support and high degree of support is the development of India's electronic payment market, the best basic environment.

India's authoritative agency survey shows that 86% of Indian people are willing to use mobile payments in the coming year, far exceeding the global average of 57%. Such a high proportion of public support, India's rapid development of electronic payment market has become a matter of course. India's electronic payment market development potential is greater than any country. India's population of the world's second child since do not have to say, and India's electronic payment, including mobile payment market development is slow, accounting for a very low, but that its development potential. List a few sets of data at a glance. India is currently the annual per capita non-cash transactions for 11 times, while Singapore has 728 times; from the payment of electronic payment to the terminal, ATM, toll station number, India, only one million per million, and in China, every 100 There are 16,000 people in Singapore, there are more than 31,000. As a result, India has great potential for incremental payments. What is the potential? By 2020, India, the third largest economy in Asia, is expected to have a $ 500 billion mobile payment market that will account for 15% of the country's GDP. India's electronic payments should be a leap in development.

India has begun to study and focus on block-chain technology. India's financial sector said that the use of block chain can make electronic payment security, can not be cracked and transparent. Blocks are like Uber and Airbnb, eliminating the need for 'brokers', a person who wants to rent or call a car, and another person has a house to rent out or have a car to provide, the chain is to do them together, Form an electronic contract. Perhaps in the future, the Indian block chain technology to promote a large area, the existing mobile payment tool will be completely subversive. India in the field of payment to see very far, see the future ah! The face of India's $ 500 billion electronic payment market, apparently relying on existing Indian domestic forces is difficult to meet. And bluntly said that China Mobile's electronic payment has been completely ahead of the world. In addition, with India's proximity to the regional advantages, China is the best country to eat India's $ 500 billion in electronic payment cake. China's Alipay, WeChat payments and other mobile payment tools companies must carefully study and analyze the Indian market, firmly grasp India's efforts to vigorously promote the development of electronic payment market a rare opportunity to occupy the Indian electronic payment market. This will not only be able to share $ 500 billion in electronic payment cake problems, but also for the promotion of cross-border trade development in China and China will be of great benefit!