RBI lowers card transaction rate for small businesses to boost digital payments

RBI MDR Digital Payments

FinTech companies welcome RBI’s decision to lower Merchant Discount Rate Digital payments are expected to reach new horizons with good news from India’s Reserve Bank of India. RBI has decided to low Merchant Discount Rate for small and medium businesses in India. Politicians and RBI shifted its goal posts to […]

Indian banks to use blockchain tech for smart contracts and KYC

BankChain SBI KYC SmartContract Fintech

With the growth of Bitcoin, it’s associated technology, blockchain has quickly become a next-big-thing in the world of finance. Major financial institutions have given a go-ahead for using blockchain technology to simplify or automate existing systems. The Institute of Development and Research in Banking and Technology with its research papers […]

Satoshi Nakamoto: An anonymous man who is valued at ₹40,000 crores

Satoshi Nakamoto

Within just 9 years, every single person who is keen on investing knows what bitcoin is. As the white paper suggests, Bitcoin is a peer-to-peer version of electronic cash which allows online payment to be sent from one person to another without going through a financial institution. The Bitcoin had […]

JP Morgan rolls out blockchain-based inter-bank payments network

BankChain SBI KYC SmartContract Fintech

Blockchain technology is already on its path to reshape our financial systems. With its shared ledger being verified by miners, transactions are verified swiftly and can be accounted in computer systems. Blockchain, a shared ledger of transactions maintained by a network of computers on the internet, is the technology that […]

India will be an early adopter of 5G technology

India will be early adopter of 5G Technology

Recent trends in 4G LTE mobile telephony has shown that dependency on data is increasing at an immense rate. The telecom war started by Reliance Jio has forced telcos namely Airtel, Idea- Vodafone to increase their data usage limits and rival down the prices. Those who refused to change are […]

India likely to have more than 530 million smartphone users in 2018

India 530 million smartphones 2018

A smartphone is an important tool for digital ecosystem. Be it the internet, the hardware making companies or the businesses which are revolved around the smartphones. Features like advanced connectivity, GPS, cameras and most importantly the multi-functionality of various programs make smartphones different than feature phones. Smartphones are a great […]

Google enters India’s digital payments space with Tez

Google Tez India

India’s digital payments industry is possibly the world’s fastest-growing technology adoption. Since the controversial and brave move of demonetisation, large transactions in cash are looked down upon with the eye of suspicion. Going cashless has made a trillion dollar opportunity for payment banks namely PayTM, Airtel and India Post. With […]