All News and Announcements
Indians’ Access to Mobile Money Jumps 17-Fold in Four Years: IMF
IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.
Users Can Now Send Money Through WhatsApp in India’s Massive Digital Payments Market
Facebook-owned messaging service WhatsApp will let users in India send money through the app starting Friday provided that they have a bank account and debit card in India.
Microinsurance Cover Needed for India's Poor to Prevent COVID-19 Economic Debacle
The events that have unfolded have brought to the fore the need to provide some sort of a social security net for millions of toiling masses.
Symbiotics Launches INR 1,260 Million Bond To Finance Indian C&I Solar Developer Fourth Partner Energy Limited
Symbiotics has arranged its first bond, the proceeds of which are solely used to finance renewable energy projects.
Amazon's New Offerings Make India Centre of Fintech Push
Amazon.com Inc (AMZN.O) has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground growth market.
India: Government Survey To Focus on Migrant Woes and Assess Remittance Risk
The household survey will also capture remittance risks to the rural economy until the pandemic is contained.
India: Microfinance Collections Pick up in July, Shows Industry Data
Banks continue to dominate the microfinance sector accounting for 41 percent of the loan share of the industry.
India Making Rapid Strides in Bridging Digital Payments Divide: Mastercard
In the current environment there has been significant growth in adoption of contactless payments, both globally and in India.
Coronavirus or Demonetization? Which One Helped India’s Digital Payment More?
The value of transactions on the Unified Payments Interface, a platform created by India’s largest banks in 2016, reached an all-time high last month as people feared to handle banknotes amid the pandemic.
COVID-19: Augmenting Farmer Access to Long-Term Credit
Failing to protect farmers amid the novel coronavirus disease (COVID-19) pandemic can worsen India’s agrarian distress.