Biography

Sandipan is the founder and CEO of SONECT that democratizes the process of cash dispensing via ATMs. As an ex-banker specializing in payments, core banking and regulatory compliance, he believes technology change management is necessary to adapt any human behaviour particularly in the space of payments.

About the company

Sonect converts anyone into a “virtual ATM” – reducing cost of cash distribution for banks and easing up in store cash management for merchants via a location based on-demand service that allows its users to withdraw cash everywhere using a smartphone.

Presentation

Disrupt or get disrupted – relevance of cash 20 years from now

 

Death of cash has so far been hugely exaggerated. Most of the global consumer payment still relies heavily on cash. But for how long? Will the mobile and tech savvy next generations ditch cash for digital payment? How can we reduce the “cost of cash” for banks and retailers such that cash logistics never becomes a burden to either of them? How can an entire industry around cash survive and stay relevant for decades to come? Sonect, one of the top fintech companies from Switzerland, believes the answer lies in blurring the gap between physical and digital world.