Rectification of Errors

 





















Comments

Post a Comment

Popular posts from this blog

  Entrepreneurial Skills Entrepreneurship is both a Challenge and a Great Opportunity. To convert challenges into opportunities & to covert opportunities into achievements, an entrepreneur needs the following qualities and skills to be successful: •         Curiosity - finding and exploring new opportunities •         Structured experimentation - Test the opportunity by conducting research & experimentation •         Adaptability •         Decisiveness •         Team Building •         Risk taking •         Comfortable with failure •         Persistence   •         Innovation •         Creative thinking ...
Read more

Key Segments of FinTech

                                               Key segments of FinTech Industry in India The Indian FinTech sector is diverse and consist of several segments providing innovative financial services and supporting financial inclusion. The most important segments of FinTech industry are explained below. Digital Payments: Digital payment is the most important segment of this sector and they offer a secure, convenient, and efficient way to transfer money between bank accounts. Different types of digital payments in India are: Bank cards Unstructured Supplementary Service Data (USSD) Aadhar Enabled Payment System (AEPS) Unified Payments Interface (UPI) Mobile Wallets PoS Terminals Internet Banking Mobile Banking Micro ATMs Digital Lending: Digital Lending is a remote and automated lending process by using seamless digital t...
Read more

Evolution of FinTech in India

                                         Evolution of FinTech Sector in India Liberalization of Banks in 1992 led to the introduction of technology savvy banks in India. The government took legislative action to boost the banking system and promoted the use of new technology such as MICR, electronic fund transfer, and other electronic payments that revolutionized the banking system and in turn boosted the Indian economy. Since 1992, India’s fintech journey has been shaped by factors such as smartphone usage, internet access, regulatory support, and digital payment innovations. The phases of evolution of FinTech sector in India are listed below: Early Phase (Pre-2000s) During this phase, the banking sector in India relied on core banking solutions and IT-driven services. ATMs, NEFT, RTGS, and Electronic Clearing Services were introduced in the country. Growth...
Read more