Anand Raman

Senior Financial Sector Specialist

Anand Raman works in CGAP’s Connected Markets team. The team works to build knowledge, practice, and evidence to inform policy on market-level infrastructure that allows providers to serve financially excluded populations at scale.

Mr. Raman has over 25 years of experience in information technology, telecommunications, media, and financial services. Before joining CGAP, he led banking relationships, policy, product design, and marketing at Eko India, a pioneering financial services provider for low-income people. He devised the agent banking strategy for Jana Small Finance Bank. He was instrumental in the design and roll-out of electronic airtime recharge at Idea Cellular, a foundational precursor to mobile money systems. Previously, he worked in building information technology for telecommunication systems.

Mr. Raman has a Bachelor’s degree in Electrical Engineering from the Indian Institute of Technology, Roorkee and a Master’s in International Public Policy from the Johns Hopkins School of Advanced International Studies, Washington D.C. He is based in Mumbai, India.

By Anand Raman


National Payments Corporation of India and the Remaking of Payments

The story of National Payments Corporation of India sheds light on the quick and robust transformation of India’s payment systems. The lessons learned from the NPCI success story can be useful for policy makers in financial inclusion and other markets.

India Moves Toward Universal Financial Inclusion

The 2017 Findex shows India has made significant financial inclusion progress in the past four years, but use remains a challenge.

QR Codes and Financial Inclusion: Reasons for Optimism

QR codes are gaining traction in China as a way to make digital payments, but will they catch on in other countries?

Inside QR Codes: How Black & White Dots Simplify Digital Payments

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?

Should Other Countries Build Their Own India Stack?

India’s new financial infrastructure, including its biometric ID system, has been making headlines lately. But what exactly is "India Stack"? Should other countries replicate it?