Empowering Rural India Through Digital Payments The shift toward digital payments is empowering rural communities by providing them with tools to save, manage, and invest their earnings. Reduced ...

Bank Sakhis enabling digital payments adoption in rural India. Introduced in 2015-16, the female Banking or Business Correspondent (BC) model, promoted by the National Rural Livelihood Mission ...

Neobanking single-handedly raises the bar of rural digital adoption, since most rural populations engage in B2C businesses involving layers of payment cycles towards vendors and stakeholders.

While 44% of urban customers have taken up digital payment channels, rural customers are a distant second, at only 16%. Digital payments in India have evolved into a multi-modal experience. In ...

In rural India, the mass adoption of digital payment platforms and mobile apps can be driven by hyper-localisation and addressing the pain points of switching from cash-based transaction mode to ...

Digital payment mechanisms offer significant potential to empower rural and semi-urban borrowers. However, their success depends on addressing underlying infrastructural and educational challenges.

Highlighting the growth opportunity in the digital payments industry in India, Google and Boston Consulting Group (BCG) recently launched a report that projects that by 2020, the size of digital ...

Ahmedabad-based startup Easy Pay has onboarded 500,000 retailers on their platform and its app Paisa Nikal has served more than 35 million people in rural India. Vishal Krishna 1847 Stories Monday ...

In India, financial exclusion has long been a significant barrier to economic progress, particularly in rural areas. However, digital payment systems are now playing a pivotal role in addressing ...

India government is planning to enhance digital transactions in rural India by allocating Rs 10,000 crore for Bharat Net’s broadband project. The investment will empower more than 150,000 gram ...