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State Bank of India to launch its own version of digital only bank soon
The country's largest lender SBI will take the lead among state-run lenders to launch branch less banking. The latest launch from the lender - SBI Digi Bank will have a financial superstore, a market place and end to end digitisation for all products and services.
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- Technology
- Region
- South Asia
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Maharashtra govt endorses Paytm in circular issued to promote digital payment
Last month, All India Congress Committee (AICC) general secretary and Maharashtra in-charge Mohan Prakash sought to know how mobile wallet Paytm could place full-page advertisements in national newspapers hours after Prime Minister Narendra Modi announced demonetisation on 8 November.
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- Uncategorized
- Region
- South Asia
- Tags
- fintech
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India Is a Hotbed of Financial Inclusion
As Chief Operating Officer of Accion, a non-profit organisation that lends to and invests in ventures in the financial inclusion and financial technology sectors, Esteban Altschul has a ringside view of developments across the globe in these areas.
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- Technology
- Region
- South Asia
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$30 Smartphones Could Be Headed to Indian Market
The Indian market is destined to see a $30 (or cheaper) smartphone soon, with all the forces working on making this happen.
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- Technology
- Region
- South Asia
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Indonesia comes out with regulations for P2P lending platforms
Following the release of e-commerce roadmap in November, Indonesia ended 2016 by coming out with a new set of rules for the fintech sector, specifically regulating peer-to-peer (P2P) lending platforms. The policies had long been anticipated by players, who had been working closely with the Indonesian financial services authority (OJK) to come up with rules governing lenders and borrowers.
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- Uncategorized
- Region
- South Asia
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Asheesh Advani: ‘Anybody can be an entrepreneur’
Asheesh Advani, 45, is president and chief executive officer of Junior Achievement Worldwide, one of the largest NGOs in the world, dedicated to educating young people about financial literacy, entrepreneurship and work-force readiness.
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- Uncategorized
- Region
- South Asia
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Transforming the digital payment infrastructure in India
In the aftermath of demonetisation, millions of Indians have switched to digital modes of payment for their daily transactions. To fuel this momentum, the Union government has announced a slew of incentives further encouraging citizens to go cashless.
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- Technology
- Region
- South Asia
- Tags
- digital payments
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After Day 50: The Results From India’s Demonetization Campaign Are In
On the same day that Donald Trump was elected president of the United States, India also received an unexpected, earth-shattering announcement. However, theirs wasn’t of a disruptive, unconventional presidential candidate coming to power but of a disruptive new policy that would instantly shake up the lives of 1.25 billion people, rich and poor alike. At 10 p.m. on November 8th, India’s Prime Minister Narendra Modi announced that on the stroke of midnight all 500 and 1,000 rupee notes — 86% of the currency in circulation — would cease to become legal tender.
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- Uncategorized
- Region
- South Asia
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