How about paying your bill online and messaging your contact at the same time; sounds very cool right? According to reports, Google has added chat features to its payment app in India. Google has decided to add chat features to its Tez mobile money app to get more foothold of its...
NPA’s have been a problem for the banking and finance industry since time immemorial. Banks and financial institutions will go to any length in order to reduce these non-performing assets. Moreover, in the recent times as the leverage of the companies increased, NPAs have become a problem for most...
The conventional monetary dealings have internationally experienced a major change that has been realized by technology and advancement. In 2015, in excess of 12,000 new businesses grew in the Fintech space over the world with an enormous assumption of USD 19 billion. By definition, Fintech involves IT – based...
Host of Mad Money, Jim Cramer had a talk show with the PayPal CEO Dan Schulman about the international potential in the technology. Shculman has stated that international states like India are helping to improve their paying systems such that accounts and credit cards are being replaced with online...
Recently, the central government of India announced that it will be setting up a proper committee for the Fintech sector. The committee will be headed by Subhash Chandra Garg, Secretary of Department of Economic Affairs. The aim of the committee will help the Fintech sector establish their business in...
Ways GCC Can Flourish In Fintech: In the last decade, digital and mobile inventions have caused distortions in key sectors and changed the expectations of consumers immensely. These technological advancements have turned the tables in the procurement of basic commodities, transportation, and socialization with the exception in the finance sector...
There are numerous disparities in India, for instance, both uncritical acceptance in astrology and technological applications exist side by side. Such coexistence represents the diversity of the country, a unique quality that intrigues global stakeholders. Surprisingly, the start-up network manages to evolve amid low literacy and income levels. India...
On April 5, Bank of India ( RBI ) issued a warning to all banking and financial institutions in the country to cut off their dealings with Cryptocurrency-related companies. In the face of this incident, the crypto market in India was dragged into a panic, causing the crypto investors in the country to enter an alternative search. Some eye-catching traders continued...
In the series of International heists Bangladesh bank lost $81 million: Cyber theft that resulted in $81 million stolen from the Bangladesh Central Bank was similar to the methods employed to steal $2 million from the Indian City Union Bank, according to the CEO of City Union Bank. Earlier, the hackers...
The State of Fintech industry: Call leads, the leading financial monitoring and notification services provider, has recently published an infographic entailing the key developments that are taking place in the Fintech industry. The key insights provided are following: Global investment in the five years from 2010 to 2015, surged by...