Did India’s Central Bank get Payments Bank Approvals Right?
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.
India Digitizes its Merchants in Partnership with the U.S.
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.
India’s List of Financial Inclusion Efforts Grows
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.
Digital Financial Inclusion in India: Taking Off in 2015
Trends in the Indian financial services landscape are unleashing the potential to fast-track financial inclusion for millions.
PMJDY: Improved Financial Inclusion, But Roadblocks Remain
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.
What Will It Take for Payments Banks to Succeed in India?
Despite the introduction of innovation-friendly regulations and other advances, wide-scale digital payment services remain unproven in India.
Can India Achieve Universal Digital Financial Inclusion?
India's Prime Minister has launched an ambitious financial inclusion program aimed at reaching 75 million people with bank accounts and subsequently government transfers, insurance, pensions and credit.