In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid. The move came as a surprise, and left no small amount of chaos — with bank runs and big losses...
India saw a busy year in B2B FinTech as the small business (SMB) community continued to demand enhanced financial services. The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation. It...
Half of India’s ATMs may be shuttered in the next few months amid high compliance costs. Will that open the door even wider for digital payments? The jockeying among heavyweights, from Paytm to Facebook, will only intensify, as will government scrutiny.
In the battle across India for consumer transactions, in the battle for hearts and minds and wallets, might Mastercard and Visa be losing share? Reuters noted this week that, according to the country’s Finance Minister Arun Jaitley, those two payment giants are losing share to...
November 22, 2018
Half of India’s ATMs may be shuttered in the next few months amid high compliance costs. Will that open the door even wider for digital payments? The jockeying among heavyweights, from Paytm to Facebook, will only intensify, as will government scrutiny.
November 23, 2017
Anniversaries are a time for reflection, and one year into India’s grand de-monetization drive, the results are mixed. Counterfeiting activity has simply moved to embrace the new notes. GDP is...
August 01, 2017
The QR code hasn’t always seemed like a world-changing technology. When it first appeared in the developed world approximately two decades ago — the technology was first invented in 1994...
July 27, 2017
A rise in consumer spending, broad-based across several geographies, helped Mastercard beat Wall Street estimates for the second quarter. The company announced news on Thursday that earnings for the quarter came...
December 14, 2018
In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid. The move came as a surprise, and left no small amount of chaos — with bank runs and big losses for merchants — in its wake. Prior to the announcement […]
March 22, 2018
In late 2016, India’s government surprised the world with a decision to push the race for payment digitization from a marathon to a sprint, by deciding to scrap nearly 85...
August 31, 2017
Despite efforts at purging high denomination bank notes last year, new reports indicate 99 percent of the forbidden currencies were actually deposited or exchanged for new currency. This, it seems,...
March 20, 2017
The lack of capital and demonetization has resulted in a reduction of startup employees in India during 2016, with the reductions amounting to between 10 and 50 percent, reported Forbes....
