India is bidding to set up a real time payments system in Myanmar. If it succeeds in face of the stiff competition from MasterCard and Visa, it could open the floodgates for rolling out this payments system across other Asian markets such as UAE, Singapore and Malaysia.
Addressing the growing demand for digital payment solutions for everything, from buying coffee to ordering groceries, Mastercard today in partnership with Atlantis announced the expansion of the Digital First Program in India.
With the new entry of Razorpay, technological innovation and adaptation in India, across an array of sectors, has ensured the rapid upsurge of six unicorns across diverse platforms that are ambitious and aggressive.
Raj Agrawal is the Chief Financial Officer for Western Union, a worldwide financial services company headquartered in the US. In this exclusive interview with ‘India Global Business’ online editor, Dr Ishita Mandrekar, he discusses the latest developments in the digital landscape in India, the RBI’s sandbox programme and how Indian financial systems can survive the disruption caused by Covid-19.
The chief executive of Deutsche Bank explains how the bank’s new web-based investment platform will make it easier to invest in India. Highlights: India is considered to have the most evolved digital payments systems compared to 25 other countries. Complex documentation requirements for investments in India has long been perceived as a challenging process by most foreign investors. Access India, an interactive web-based facility by Deutsche Bank helps overseas investors achieve process efficiencies with FPI registration, associated documentation, due diligence [...]
The head of a financial services company lays out the importance of new payment opportunities for India’s burgeoning small and medium business (SMB) sector. The number of small and medium businesses in India is growing by leaps and bounds, with a quick-evolving landscape estimated to have swelled to 48 million businesses over the past decade. With a long, local and cash-only history, many Indian SMBs are finally selling their products and services online, marketing to shoppers beyond their own area [...]