Financial product cos bank on the biggies for a leg up
For digital lending startups, partnering with these large consumer internet players offers instant reach to millions of potential customers. According to a recent Assocham-Resurgent India study , the number of consumers who shop online is expected to cross 100 million by 2017end, compared to 69 million who shopped online last year.
Will Ban On Rs 500, 1K Currency Push Digital Payments?
At the same time, not all companies are comfortable with the decision. Satyam Kumar , Co-founder, Loantap, a fin-tech startup questioned, “What happens to Bharat with 46% unbanked population? Is #rbi geared for this, will it derail manufacturing recovery which is in early stage? Is #indianbanking prepared? Will #namo bite the dust this time?”
Should you cash in on Aadhaar Pay?
While security is a relative advantage of this system, connectivity issues can play spoilsport