2015: The Year of Indian Financial Inclusion
Several important regulatory moves in India during 2014 set the country up to make significant headway toward battling financial exclusion in 2015. Read more about where financial inclusion in India is headed and how digital channels may help the country reach its goals.
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.
A partnership between the U.S. and India will focus on commercial and policy solutions to spur India’s nearly 10 million merchants to accept electronic payments.
Since India's Prime Minister announced in February that accounts opened under his national scheme exceeded targets and 41 payments banks applications were submitted, the list of centrally-driven policy interventions has continued to stack up.
Trends in the Indian financial services landscape are unleashing the potential to fast-track financial inclusion for millions.
MicroSave has conducted a study on the progress of the Pradhan Mantri Jan Dhan Yojana (PMJDY), arguably the largest financial inclusion drive in the world.