Fintech companies will need to design solutions with merchants in focus to encourage faster adoption, he says
Schemes that address clear market demand have clicked; those that focus on behavioural change, not so much
FM is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1
Being an online marketplace for lenders, the Mi Credit app debuts with support from Aditya Birla Finance Limited, Money View, EarlySalary, Zestmoney and CreditVidya
While the number of UPI transactions during November rose to 1.22 billion from 1 billion in October, the combined value of these declined marginally to Rs 1.89 trillion from Rs 1.91 trillion
There are concerns that little or no standardisation has taken place to ease access for new-to-internet and vernacular users, and digital platforms continue to rely on made-for-English user formats
The devices are powered by up to 10th Gen Intel Core i7 6-core processor
UPI is an instant, real-time payment instrument developed by the National Payments Corporation of India
The demand for the Rs 500 bill, which is the second highest denomination after the Rs 2,000 note, has soared the highest and now accounts for over 51 percent of the value of currency in circulation
However, this will be tested with the economy clearly in slowdown mode
Ranchi to be the next, followed by airports in larger cities
PUKAR's objective was to help villagers secure the benefits due to them under various government welfare schemes and become more aware of their rights
The challenge will lie in preparing the new workforce with the skills and work culture they need to participate with the digital natives
The DT Index calculates the state of digital transformation today
India's digital economy is expected to grow to $1 trillion and lead to the creation of 10 million jobs by 2022
Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium
Trust, convenience, and experience set up stumbling blocks to the online experience, stemming the country's digital thrust
A majority of over 2,000 apps have seen downloads in single or double digits only
Modi said when he first spoke about digital payments, people made fun of him but due to use of digital payments, benefits are reaching the people directly and the role of middlemen has been abolished
Digital India is about education, employment, entrepreneurship and empowerment. "It will help realise the objective of reform, perform, transform," he said.