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Digital transactions slowing down in India after initial demonetisation rush
The currency ban widened the use of debit cards. The average value of card payments fell drastically, showing that they were used even for small value purchases.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Google entering mobile payments in India, will soon give Paytm, Airtel competition
AP Hota, CEO and managing director of the National Payments Corporation of India (NPCI), told reporters at conference in Bengaluru on Monday that Google has almost completed testing its UPI (Unified Payments Interface)-based payment service, which allows fast and easy transfer of money from one bank account to another through mobile.
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- Technology
- Region
- South Asia
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- digital payments
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Cyber-threats increase as India goes cashless: Study
As India shifts to a cashless economy, cyber-threats are at a new high with the number of such incidents occurring in banking systems increasing in the last five years.
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Why M-Akiba bond may present new headache to many banks in Kenya
The banks, which are already reeling from the effects of interest rates capping, now face huge competition on deposits from the bond, which gives 10 per cent interest a year, above the capped 7 per cent that banks are offering.
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- Technology
- Region
- Sub-Saharan Africa
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- digital payments, fintech
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The Future of the Graduation Approach: Taking a Proven Anti-Poverty Measure to Scale
How can the "graduation" approach to fighting extreme poverty achieve a scale commensurate with extreme poverty itself? Increasingly, the answer is to embed graduation within government-run social protection programs that already operate at massive scale. MetLife Foundation's Krishna Thacker explores why the approach works, and how innovative organizations are taking it to the next level.
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- Education
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Visa pushes further into Africa
Visa has partnered with Interswitch, Africa's integrated payments and transaction solutions company, to bolster adoption of mVisa, the card network’s mobile payment solution, according to Vanguard.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Bridging financial inclusion with technology is key
Sonny Singh, Senior VP and GM of Oracle's Financial Services Global Business Unit, tells Anup Jayaram how the company is helping facilitate digital banking in India.
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- Technology
- Region
- South Asia
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There are too many e-wallets in India and most are near-empty
While the Indian e-wallet industry’s size stood at an estimated Rs154 crore in 2015-16, it is expected to zoom to Rs30,000 crore by the end of 2021-22. And everyone, from financial technology companies to banks to the government-backed National Payments Corporation of India, is scrambling for a share of that pie.
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- Uncategorized
- Region
- South Asia