Digital Payments are estimated to grow at a rapid pace to account for more than 70% share of all payments by 2025. The continued innovation and increased performance in digital technology, consumer demand for one-touch payments, policy push toward financial inclusion, desire to marginalize cash, and an exponential rise in digital applications and services are the mega-trends that are driving the Digital Payments revolution.
Tag: Product Development
Chumbak avoids large IT investments by using cloud
AWS’ “pay-as-you-grow” capability enables Chumbak to avoid the need to make large IT investments upfront. The company hasn’t needed to build a data center with the capacity to handle sudden spikes in web-store traffic. By using AWS, Chumbak has on-demand infrastructure and pays only for the IT capacity the web store consumes.
Sharechat grows its user-base ten-fold with cloud
ShareChat engaged with Amazon Web Services (AWS) and an AWS solution architect to build the IT infrastructure to support its app.