Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | USD 271 bn consumer spending to shift from cash to cards,digital payments by 2023 in India:Accenture     </title>
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The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business

About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital..."/>
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business</em></p><p style="text-align:justify">About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday.</p><p style="text-align:justify">This rapid shift to digital payments due to the COVID-19 pandemic is urgently increasing the need for banks to modernise their payment systems, the report, titled &lsquo;Playing the Long Game in Payments Modernisation&rsquo;, said.</p><p style="text-align:justify">The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business, as banks make multi-year investments to compete with non-bank digital-payments providers and comply with new regulations.</p><p style="text-align:justify">Conducted between July and August this year, the report surveyed markets including Australia, Brazil, Canada, China, India, Norway, Singapore, Thailand, the UK and the US. It noted that the expected drop in cash volume is based on GlobalData and Accenture Research assumptions.</p><p style="text-align:justify">Also, the forecast of non-cash transactions in consumer spending is calculated using cash evolution data and MSC rates provided by GlobalData.</p><p style="text-align:justify">The report forecasted that nearly 420 billion transactions worth USD 7 trillion, globally are expected to shift from cash to cards and digital payments by 2023 &mdash; and increase to USD 48 trillion by 2030.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/sci-tech/technology/usd-271-bn-consumer-spending-to-shift-from-cash-to-cardsdigital-payments-by-2023-in-indiaaccenture/article33174790.ece?homepage=true" title="https://www.thehindu.com/sci-tech/technology/usd-271-bn-consumer-spending-to-shift-from-cash-to-cardsdigital-payments-by-2023-in-indiaaccenture/article33174790.ece?homepage=true">click here</a> to read more.</p>                                                           
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The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business

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    <h1 class="cat-box-title">USD 271 bn consumer spending to shift from cash to cards,digital payments by 2023 in India:Accenture </h1>
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business</em></p><p style="text-align:justify">About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday.</p><p style="text-align:justify">This rapid shift to digital payments due to the COVID-19 pandemic is urgently increasing the need for banks to modernise their payment systems, the report, titled &lsquo;Playing the Long Game in Payments Modernisation&rsquo;, said.</p><p style="text-align:justify">The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business, as banks make multi-year investments to compete with non-bank digital-payments providers and comply with new regulations.</p><p style="text-align:justify">Conducted between July and August this year, the report surveyed markets including Australia, Brazil, Canada, China, India, Norway, Singapore, Thailand, the UK and the US. It noted that the expected drop in cash volume is based on GlobalData and Accenture Research assumptions.</p><p style="text-align:justify">Also, the forecast of non-cash transactions in consumer spending is calculated using cash evolution data and MSC rates provided by GlobalData.</p><p style="text-align:justify">The report forecasted that nearly 420 billion transactions worth USD 7 trillion, globally are expected to shift from cash to cards and digital payments by 2023 &mdash; and increase to USD 48 trillion by 2030.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/sci-tech/technology/usd-271-bn-consumer-spending-to-shift-from-cash-to-cardsdigital-payments-by-2023-in-indiaaccenture/article33174790.ece?homepage=true" title="https://www.thehindu.com/sci-tech/technology/usd-271-bn-consumer-spending-to-shift-from-cash-to-cardsdigital-payments-by-2023-in-indiaaccenture/article33174790.ece?homepage=true">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | USD 271 bn consumer spending to shift from cash to cards,digital payments by 2023 in India:Accenture     </title>
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The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business

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The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business

About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital..." />
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    <h1 class="cat-box-title">USD 271 bn consumer spending to shift from cash to cards,digital payments by 2023 in India:Accenture </h1>
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business</em></p><p style="text-align:justify">About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday.</p><p style="text-align:justify">This rapid shift to digital payments due to the COVID-19 pandemic is urgently increasing the need for banks to modernise their payment systems, the report, titled &lsquo;Playing the Long Game in Payments Modernisation&rsquo;, said.</p><p style="text-align:justify">The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business, as banks make multi-year investments to compete with non-bank digital-payments providers and comply with new regulations.</p><p style="text-align:justify">Conducted between July and August this year, the report surveyed markets including Australia, Brazil, Canada, China, India, Norway, Singapore, Thailand, the UK and the US. It noted that the expected drop in cash volume is based on GlobalData and Accenture Research assumptions.</p><p style="text-align:justify">Also, the forecast of non-cash transactions in consumer spending is calculated using cash evolution data and MSC rates provided by GlobalData.</p><p style="text-align:justify">The report forecasted that nearly 420 billion transactions worth USD 7 trillion, globally are expected to shift from cash to cards and digital payments by 2023 &mdash; and increase to USD 48 trillion by 2030.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/sci-tech/technology/usd-271-bn-consumer-spending-to-shift-from-cash-to-cardsdigital-payments-by-2023-in-indiaaccenture/article33174790.ece?homepage=true" title="https://www.thehindu.com/sci-tech/technology/usd-271-bn-consumer-spending-to-shift-from-cash-to-cardsdigital-payments-by-2023-in-indiaaccenture/article33174790.ece?homepage=true">click here</a> to read more.</p>                                                           
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USD 271 bn consumer spending to shift from cash to cards,digital payments by 2023 in India:Accenture

Published on Nov 25, 2020   Modified on Nov 25, 2020

-PTI/ The Hindu The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday. This rapid shift to digital payments due to the COVID-19 pandemic is urgently increasing the need for banks to modernise their payment systems, the report, titled ‘Playing the Long Game in Payments Modernisation’, said. The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business, as banks make multi-year investments to compete with non-bank digital-payments providers and comply with new regulations. Conducted between July and August this year, the report surveyed markets including Australia, Brazil, Canada, China, India, Norway, Singapore, Thailand, the UK and the US. It noted that the expected drop in cash volume is based on GlobalData and Accenture Research assumptions. Also, the forecast of non-cash transactions in consumer spending is calculated using cash evolution data and MSC rates provided by GlobalData. The report forecasted that nearly 420 billion transactions worth USD 7 trillion, globally are expected to shift from cash to cards and digital payments by 2023 — and increase to USD 48 trillion by 2030. Please click here to read more.

PTI/ The Hindu, 25 November, 2020, https://www.thehindu.com/sci-tech/technology/usd-271-bn-consumer-spending-to-shift-from-cash-to-cardsdigital-payments-by-2023-in-indiaaccenture/article33174790.ece?homepage=true

Tagged with: Online Payment Digital Economy Cash Transaction Digital Payments

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