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Apple mulls introducing e-payment services in India
India's mobile phone payments market is riding on the wave of surging internet usage as more people get online to buy books, mobile phones, accessories, and apparels. According to a Boston Consultancy Group report, the country's digital payments industry will be worth about $500 billion by 2020.
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- Inclusive Fintech
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- South Asia
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How tech has relaxed Mumbai’s monopoly on finance
With the rise of tech startups that focus on financial services, the traditional banking landscape is transforming — and Mumbai, Delhi-NCR and Bengaluru are competing to become India's fintech capital.
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- Inclusive Fintech
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- South Asia
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IndusInd Bank announces takeover of micro finance lender Bharat Financial
Chairman of the bank, R. Seshasayee, said the two boards met independently this morning and decided to go ahead. It would help develop reach and would be a strong partnership. The two institutions had worked together for many years and were, therefore, comfortable with each other's people and culture, he said.
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- Inclusive Fintech
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- South Asia
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Bharti Airtel to acquire Tata’s money-losing mobile unit for nothing
India’s telecoms market, with 1.2 billion mobile subscribers, is in the midst of a wave of consolidation as smaller debt-laden players seek exits after overspending in airwave auctions.
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- Technology
- Region
- South Asia
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Reserve Bank of India asks financial firms to make mobile wallets interoperable within six months
“In subsequent phases, interoperability shall be enabled between wallets and bank accounts through UPI. Similarly, interoperability for PPIs issued in the form of cards shall also be enabled in due course,” said the directive issued by RBI.
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- Inclusive Fintech
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- South Asia
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Fintech Major Mastercard Launches Its First Innovation Center In India
The India Innovation Centre Mastercard Labs will join hands with other financial institutions and merchant partners to identify and ideate futuristic digital payment solutions, to better safety and security.
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- Inclusive Fintech
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- South Asia
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Urvashi Sahni, founder of SHEF, wins social entrepreneur award
SHEF has demonstrated a business model of education for inclusion, empowerment and leadership building for India’s most disadvantaged and girls at risk.
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- Education, Entrepreneurship
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- South Asia
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One nation, under code: How India leads the way in the interoperability of QR code for payments
Thanks to Paytm, the use of QR code as a form of mobile payment made an entry and has begun to impact. The black-and-white sign is sported by kirana stores, vegetable carts and tea stalls all over the country. In the aftermath of demonetization, Paytm made it ubiquitous in their attempt to sign up merchants for acceptance of Paytm wallet.
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- Inclusive Fintech, Technology
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- South Asia
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