Post Tagged with: "India"

India’s Cash Crunch Means Opportunity for Mobile Wallets

India’s Cash Crunch Means Opportunity for Mobile Wallets

by December 1, 2016 at 11:03 am 0 comments

For those championing the death of cash, Prime Minister Narendra Modi’s decision to de-monetize the 500 and 1,000 rupee notes in India might seem like the perfect opportunity for online and mobile banking providers to jump right on in. The de-monetization of the 500 and 1,00 note rendered 86% ofRead More

What would Gandhi have thought about Bitcoin?

What would Gandhi have thought about Bitcoin?

by November 30, 2016 at 12:00 am 1 comment

  Bitcoin is anti-establishment. It is feared by most governments and banks. Yet Bitcoin is also a driver of innovation – which drives productivity and wealth creation which is what citizens want their governments to focus on. That is why the relaxed attitude to Bitcoin in wealthy Switzerland, where theRead More

Banking API innovation from emerging and frontier markets

Banking API innovation from emerging and frontier markets

by July 21, 2016 at 1:00 am 1 comment

Two big themes on Daily Fintech are: First the Rest, then the West (the idea that innovation in the 20th century flowed from the West (America and Europe) to the Rest (Of the World, aka ROW, emerging, developing, frontier, high growth) and in the 21st century that flow of innovationRead More

India may take the lead in mobile payments by cracking the digital ID problem

India may take the lead in mobile payments by cracking the digital ID problem

by July 15, 2016 at 1:00 am 1 comment

A lot has changed since the Fintech Global Tour went to India in January 2015, when the action looked uninteresting. Days later we discovered Paytm and digging into that story we could see how India is leapfrogging the West in mobile payments. Later that year we looked at the PaymentRead More

How Payments Is Fueling China’s E-Commerce Megaboom

How Payments Is Fueling China’s E-Commerce Megaboom

by April 20, 2016 at 9:56 pm 0 comments

HONG KONG — The numbers are in “holy *$#%” territory. “The numbers” are for e-commerce sales in China, and they are astounding. In the first two months of 2016, China’s online retail sales hit $98.2 billion, an increase of 27% over the previous year. That puts it on pace to hit around $590Read More

Social Money Explores Microsavings in India

Social Money Explores Microsavings in India

by March 12, 2015 at 11:47 am 1 comment

You’ve heard of micro loans, but how about microsavings? In a pilot program to start later this year, Des Moines, Iowa-based Social Money is looking to help underserved customers in India save money with the use of its CorePro core banking software. The effort is funded by a grant fromRead More

Tiny CBW Bank Finds a Way to Expand Its Global Payment Biz to Mexico

Tiny CBW Bank Finds a Way to Expand Its Global Payment Biz to Mexico

by March 6, 2015 at 11:25 am 1 comment

CBW Bank, the innovative bank in Weir, Kan., known for its partnerships with fintech pathfinders such as Moven and Ripple Labs, will expand its global remittance service within the next 18 months. The announcement that the service would be expanded came from the bank’s CEO, Suresh Ramamurthi, at Bank Innovation 2015 in SeattleRead More

Ad from Kotak Mahindra Bank Is Best of 2013

by December 16, 2013 at 5:29 pm 0 comments

The suspense is over. This morning we showed you 11 of the best bank ads from 2013, and now we’re unveiling the No. 1 ad of the year: Kotak Mahindra Junior Bank Account. The ad features a charming narrative of financial responsibility for young people. What can we say? We’re suckers forRead More

Lessons from the Customer Experience at One Indian Bank

Lessons from the Customer Experience at One Indian Bank

by July 26, 2013 at 2:37 pm 0 comments

Customers at India’s Cosmos Bank are willing to pay for more personal interactions, according to the company’s managing director and CEO, Vikrant Ponkshe. Could this be a model for banks in the United States? Cosmos Bank is a co-operative (member-owned) institution founded in 1906. It has 1.8 million customers andRead More