With 90% of India’s 250 million internet subscribers accessing the mobile internet (Source : TRAI Data, June 2014) it is inevitable that the mobile payments landscape in the country is heating up. There are currently more than 20 mobile wallet services in the market, as per the RBI website. Typically, such services allow a registered customer [...]
Known as ‘China’s eBay’, Taobao is a huge online marketplace where Chinese users and merchants can sell and buy products. Alibaba, the owner of Taobao, reports rising rates of eCommerce in rural China, with 70,000 village sellers using the site to retail their produce. What is interesting is that there are 200 plus Taobao villages in [...]
With the launch of the Pradhan Mantri Jan-Dhan Yojana, the Indian government has signaled its determination to make financial inclusion a reality in India. The attractive incentives to open accounts, easing of paperwork and initiatives by bank branches are ensuring that the targets are being met, in terms of numbers. However, there are certain setbacks in [...]
With 90% of India’s 250 million Internet subscribers accessing Internet through mobile (source: TRAI Data, June 2014), it is inevitable that the mobile payments landscape in the country is heating up. There are more than 20 mobile wallet services in the market as per the RBI website. Typically, such services allow a registered customer to top up [...]
