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Delivery drones, contactless payment, open banking and real-time payments: this is how Indian business is being transformed

An AI generated image of a delivery drone carrying supplies to a remote village in Northeast India; (Image: Bandeep Singh/ AI)

An AI generated image of a delivery drone carrying supplies to a remote village in Northeast India; (Image: Bandeep Singh/ AI)

Mumbai,ISSUE DATE: Aug 28, 2023 | UPDATED: Aug 19, 2023 17:42 IST

India’s e-commerce market, projected to touch Rs 12 lakh crore by 2026, is rapidly evolving to become more immediate, seamless and personalised. Contactless payments allow checkout with just a tap, drones can deliver packages in minutes rather than days. Open banking and real-time payments complete this bouquet of innovations that promise a future of nearly instant, customised transactions.

Delivery drones: Fly and deliver

Delivery drones hold a lot of promise for both urban India and the rural hinterland

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