In a historic stride towards modernizing India’s financial sector, the National Stock Exchange (NSE) is set to launch an Initial Public Offering (IPO) that promises to be a game-changer. As global financial ecosystems evolve amidst challenges like geopolitical tensions and digital currency growth, the timing of this IPO positions NSE to leverage new financial innovations…
Financial inclusion is critical for building resilience among individuals and businesses. It integrates marginalized populations into the financial system, enabling them to secure financial stability, manage risks and withstand economic shocks. This white paper examines global efforts to promote financial inclusion among individuals and businesses, emphasizing the role of government policies, public–private partnerships and technological…
In the rapidly evolving landscape of digital payments, innovation continues to transform how transactions are conducted and authenticated. One such groundbreaking development is the quick response (QR) soundbox which is designed to enhance payment experience for merchants and consumers alike. The soundbox is a compact, audio-enabled portable device integrated into a payment system that confirms…
Paymentology, the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking. Through its integration with WhatsApp, the Mama Money Card allows you to transfer payments…
India has emerged as one of the most robust fintech economies in the world with landmark innovations in secure payment systems and gateways, paperless lending, mobile banking and wallets, and other innovations that are driving the country’s digital transformation. India’s fintech sector, currently the third-largest and third-highest funded globally, trailing only the USA and China,…
The fintech market in India is expected to reach $150 billion by 2025, growing at a CAGR of 20%. This has transformed financial services, especially the way startups secure funding. The underwriting process is traditionally faced with a myriad of challenges, such as manual data handling, a lack of comprehensive data sources, and assessing risk…
Originally established to leverage India’s cost-effectiveness, Global Capability Centers (GCCs) have emerged as crucial hubs for driving development and innovation of new products and services across various industries. India’s prowess in technology and talent has positioned it as a preferred destination for global companies looking to establish their operations in India. These centres leverage India’s…
Shri Shaktikanta Das, Governor, Reserve Bank of India today launched three major initiatives of the Reserve Bank of India, namely : The PRAVAAH portal will make it convenient for any individual or entity to apply online for various regulatory approvals in a seamless manner. This portal will also enhance the efficiency of various processes related…
The Asian Development Bank (ADB) has approved a $23 million loan to enhance access to quality FinTech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in India. GIFT is a state-owned enterprise established to promote and cultivate FinTech ecosystems and financial services in India. It is the country’s international financial services center…
In recent years, Fintech has emerged as a powerful pillar offering rural communities transformative opportunities by providing improved access to financial services including loans, assistance with personal finance and digital bank accounts. According to a 2022 report, Around 62 per cent of the Indians in rural areas have access to fintech services, helping rural India…