QR codes last year facilitated $2.5 trillion in retail payments in China, and their use is gaining momentum in countries like India. But how do they work? And what is their potential to increase financial inclusion?
India is currently considering a universal basic income (UBI) scheme in which the government would guarantee a minimum income for all citizens. What are the key points of the UBI debate? What could UBI mean for financial inclusion in India?
In India, loans often require extensive application processes or participation in a joint liability group. A pioneering digital loan provided by Suvidhaa Infoserve and Axis Bank is changing the financial services landscape.
India sparked optimism for greater financial inclusion last year when it created a new category of banking service provider—the payments bank. However, three players already chose to surrender their license approvals. What does the remaining line-up of payments banks look like?
India's Central Bank got many things right when it comes to the 11 new approvals for payments bank licenses. These approvals are big catch-up step for digital finance in India, but it may be challenging for the country to continue being innovation-friendly.