Payments Transformation

About us

With extensive experience of driving transformation across business, operations and technology verticals in the digital payments solutions space, we make efforts to contribute towards a less-cash and faster payments society. We are a dedicated payments transformation team of over 50 members, working on various strategic projects in the entire payments technology ecosystem. Our clientele comprises government entities, card schemes, large private and public sector organisations, and payment banks, FinTech players, payment intermediaries, and NBFCs across India and international markets such as Middle East, USA and Asia. Our services range from agile payment systems, toll payments, real time payments, transit payments, toll payments, corporate payments and ecosystem payments. 

Committed to India

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Committed to India: The Future of Digital Payments

India is already at the forefront when it comes to digital payments innovations and with the efforts of regulators, banks, payments/FinTech companies, card networks and service providers, we are confident that the industry is going to see tremendous growth in the coming years.

Explore how your enterprise can leverage the opportunity with Mihir Gandhi, Partner & Leader - Payments Transformation, PwC India and Sanjeev Krishan, Chairperson, PwC in India.

Our key offerings

Domestic Payment Scheme

We assist in designing and building new payment solutions for national digital payment systems/companies like leading domestic card scheme set up in India

Domestic Payment Scheme
Key activitie
  • Design Business Applications, infrastructure 
  • Build solution for payments and collections
  • Creation of pricing/ commercial structure
  • Benchmarking with global payments market best practices

Business Review and build-out

Business review covers people, process, IT and controls leading to topline growth, bottom line reduction, improved customer experience and strengthened controls. We help payments business build-out with expertise in designing new product features, payments strategy operational process, license for new application among others

Business Review and build-out
Key activities
  • Product and pricing strategy
  • Capability assessment and building
  • Partnership requirements and economics thereof
  • Digital payment business model assessment covering synergies with existing businesses
  • Designing digital payments roadmap

Technology Advisory

Technology Advisory: We have been a pure strategy and consulting partner for our clients. The advisory Financial Services Payments team identifies enough tech Implementation and delivery opportunities including the development of web portals, payment mobile apps, data analysis applications and implementation of various platforms such as API Gateways, etc. Our transformation strategy would be to focus on building the team with newly required tech skills to be able to meet the client demands on various tech application/platform implementation deliveries.

Technology Advisory
  • We have assisted banks in integration of leading NFC based technology and tokenisation for enhanced security.
  • We also assist in payment system vendor selection and deployment (CMS, Payment Hubs, Switch, etc.)
  • Conducting technology due diligence
Key activities
  • RFP preparation
  • Partner and vendor selection
  • Technology architecture design
  •  Project management
  • Change management
  • Technology evaluation
  • Due diligence
  • Payments Analytics

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Operations Transformation

As digital payment experts, the firm assists clients in process review, gap analysis and re-designing of processes to help in cost optimisation and enhance efficiency and effectiveness of their businesses.

Operations Transformation
  • Design Standard Operating Process (SOPs)
  • Create Business requirement document (BRDs)
  • Development of operating model
  • Assistance in process improvement
  • Formulating cost reduction strategies
  • Assessment of economics of partnership/outsourcing

Transformation Program for Payments

PwC India’s digital payments service is deeply embedded into the FinTech ecosystem. We assisted multiple corporates in identifying and embedding innovative payment systems solutions from the best suited global startups

Transformation Program for Payments
  • Enable partnership with FinTechs
  • Facilitate accelerator programmess
  • Identify and prioritise innovation opportunities
  • Scan and scout for companies offering relevant solutions
  • Design engagement model for shortlisted companies
  • Embed the successful PoCs into business

Entry into Indian payments ecosystem

Market assessment and entry strategy for global payment systems companies.

Commercial Due Diligence for potential investments into existing player

Entry into Indian payments ecosystem
  • Market assessment, sizing and potential
  • Insights about competitive landscape
  • Validated of business plan on the basis of industry, competition and historical
  • Commercial due diligence

Cryptocurrency

cryptocurrency is a digital or virtual token that uses strong cryptography to secure transactions. It is a decentralised digital asset that is stored on a distributed ledger, which is managed by consensus algorithms like proof of stake and proof of work.

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Our key offerings: Cryptocurrency

This report study highlights the future scope and growth of the PoS industry, backed by various factors like the need for digitisation in rural locations, expected higher usage of cards on PoS devices and offering of value-added services at such terminals.

Mihir GandhiPartner and Leader, Payments Transformation, PwC India

Our key propositions

Toll - PwC India

Toll

PwC assists banks and non-bank entities in creating and implementing e-toll solutions, we facilitate the project Management Office to ensure timely delivery

Transit - PwC India

Transit

PwC facilitates project management and technical advisory for implementation of various transit related projects, including transit cards

Due diligence

Due diligence

PwC helps identify the right opportunities through:

  • Market entry or expansion strategy (India or International)
  • Commercial/Tech Due diligence of payment players (Buy or Sell side)
Network cost optimisation

Network cost optimisation

  • We help banks to optimise charges paid to Schemes (Mastercard, Visa)
  • We have developed cloud based tool for regular monitoring and insights on network cost
Smart City

Smart City

PwC has been the front runner in bringing policy level changes as member of steering committee for crucial decision making in India.

  • Enabling digital payments in Smart Cities
  • Discovery of payment use-cases
  • Cash-less transit solutions

 Our Key Tech Prepositions

Payments Architecture Assessment & Design

Payments Architecture Assessment & Design

Customised development for payments system

Customised development for payments system

Technology due-diligence.

Technology due-diligence

IT maturity assessment

IT maturity assessment 

Tech resource augmentation.

Tech resource augmentation. 

Partner and vendor selection

Partner and vendor selection

Technology project management

Technology project management

Fraud management

Fraud management

Risk assessment

Risk assessment

Risk & compliance policy

Risk & compliance policy

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Alliances

Insights

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Contact us

Mihir Gandhi

Mihir Gandhi

Partner and Leader, Payments Transformation, PwC India

Geetika Raheja

Geetika Raheja

Partner, Payments Transformation, PwC India

Zubin Tafti

Zubin Tafti

Executive Director, Payments Transformation, PwC India

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