India, May 22 -- In the dynamic and changing payment landscape, cloud technology enables suppliers of payment services to develop new value propositions and competitive advantages. In an interview, Sudhindra Magadi, CTO, Wibmo, A PayU Company, talks about the changing scenario of the payment ecosystem. Excerpts:

Could you highlight cloud tech's role in driving payment modernization?

Rapid digitization has compelled different industries to adopt cloud technology. While the adoption of cloud technology has been steady in the payment industry, the outbreak of the pandemic accelerated its adoption. With the use of cloud-based solutions, payment service providers can offer faster, cheaper, more secure, and more reliable service to their cust...