For a long time, banks held a monopoly over making cashless payments, whether it was through credit anddebit cardsor into the digital era via internet banking. However, now several companies have created third-party payment portals that are reshaping the traditional payment-making landscape. With ...
India is a vast market for mobile payments India has 700 million phone users, and use ofcredit cardsis growing by 26% a year. 80% of smartphone users in India are interested in using theirphonesfor banking. Need for speed and scale ...
Governments also played a vital role, waiving or reducing some charges related to electronic payments (e.g., UPI payments in India), increasing digital-transaction limits, and providing funding to small and medium-size enterprises (SMEs) to support digital commerce. Despite t...
ICICI Bank has reimagined (the much neglected) small business banking in India with InstaBIZ, a digital banking platform for MSMEs that is one of the most comprehensive platforms in the world. InstaBIZ features more than 115 products and services, enabling small businesses to fulfill all the...
The India Stack – a comprehensive digital identity, payment and data-management system – is making it possible to make transactions effortlessly in real time. This system has accelerated the country’s shift toward digital payments, driving economic development and helping those in rural areas...
Temperatures in India hover at record highs as heatwave grips the country Orange juice makers turn to alternative fruits as prices hit all-time highs About It's time to talk targets and check the promises that companies set. Are the goals achievable and what should happen if they're missed?
Digital natives (people born between 1980 and 2012) are expected to account for 40 to 50 percent of Asia’s consumption by 2030. With variations within the region, Asia’s digital generation tends to use non-Asian social media platforms, messaging apps, and digital payments providers ...
ADG (Technology), Department of Posts, Government of India Dr. Adeela Abdulla Director of Agriculture, Kerala Kapil Makhija Vice President, Technology Cloud, Oracle India Anindya Biswas Senior Director, Head of Public Sector Apps Business, Oracle ...
A vision for the future of cross-border payments Foreword The past five years have brought increasing change to the world of cross-border payments. The trusted and tested correspondent bank- ing approach has encountered challenges fr...
That is equivalent to shutting down an economy the size of Japan every year for 10 years and would reverberate across the entire world. In stark contrast to this path, a policy of enabling technology for all can unlock the potential of digital trade to create and share prosperity. Cyber...