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India’s Little Shops Are a Massive Banking Network in the Making
Indians who still rely on cash are a ready-made financial-services market and a lucrative sideline for the corner store.
- Region
- South Asia
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Why India’s fintech, e-com firms fear Google, Facebook
In the fight between information technology, fintech and e-commerce firms in India and Google and Facebook, the global giants seem to be winning hands down. It is becoming a matter of survival for these sectoral ones, as one-stop solutions such as business listings, travel bookings, money transfers and financial services are available on both platforms and these firms rely on Google and Facebook to promote their services.
- Categories
- Finance
- Region
- South Asia
- Tags
- e-commerce, fintech
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Indian e-wallets are gasping for breath
Till now, using an e-wallet involved merely downloading the app, registering one’s mobile phone number, and linking it to one’s bank account. Now, customers also need to complete a more detailed KYC procedure within a year, which involves visiting a company-approved centre and getting documents physically verified. With this additional step, the industry has lost its most important pull-factor: convenience.
- Categories
- Finance
- Region
- South Asia
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A closer look at impact investing
The mistaken rap on this kind of “social” investment is that returns are weak and realizing them takes too long.
- Categories
- Investing
- Region
- South Asia
- Tags
- ESG, impact investing
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Indian mobile wallet firms fear losing 40% of their customer base due to Know-Your-Customer norms
Firms such as Amazon Pay have seen a 30 percent drop in their customer base.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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Extending access to credit: Are alternate finance platforms creating tangible impact in India?
Having recently been brought under the regulatory ambit by the Reserve Bank of India (RBI), the thought was that the nascent online P2P lending sector can play a significant contribution towards furthering the cause of financial inclusion.
- Categories
- Finance
- Region
- South Asia
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Report: India’s government is yet to achieve its financial inclusion goal
“If we don’t catch up in accordance with the requirements of the society, a day won’t be very far off when we are faced with serious challenges of a large section of senior citizens who are completely devoid of any form of dependency itself,” Jaitley added at the release of the latest edition of Crisil inclusix report.
- Region
- South Asia
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IndiaFirst Life launches ‘pay when you can’ micro product
Unlike other products that have a fixed premium to be paid regularly, this product offers the facility of instant payments that can be made via-online model.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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