India: Digital Payments Bounce Back to Pre-COVID Levels
Digital payment transactions through the Unified Payment Interface (UPI), cards and mobile wallets have made a near V-shaped recovery this month.
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.
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.
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.
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: 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.
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.
Symbiotics Launches First 100% Agricultural Green Bond in India with Samunnati
Symbiotics has arranged with Samunnati Financial Intermediation & Services Private Limited (“Samunnati”) its first Green Bond whereby the proceeds of $4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.