Showing results for "savings"
MicroSave’s study on Deposit Assessment in India details the needs and preferences of micro-savings clients to support the development of client-responsive products and delivery processes.
The blog describes how technology presents the financial services sector with four huge opportunities and also three significant threats.
National Payment Corporation of India (NPCI) launched Rupay – India’s own payment gateway network. ‘RuPay’ is a low-cost alternative to other payment gateways, such as MasterCard and VISA. Banks pay lower transaction processing fees as transactions are performed on the domestic payment network. This makes RuPay a viable digital payment solution for the rural, low, and middle-income segments in India.
While leveraging social media as a support tool could be a cheaper and more efficient way that takes advantage of technology to support agents, it does not work for agents who do not have smartphones.
Inconvenience, high tariffs, system downtime, low commissions, slow speed, poor service quality, inaccuracy, lack of an underlying compelling need and technology instability are few challenges for mobile money success.
The blog highlights the Indian Supreme Court’s latest Aadhaar verdict which strikes the right balance between delivery of benefits and privacy