India in the Global Microscope for Financial Inclusion 2018

Introduction

The Global Microscope report released periodically by the Economist Intelligence Unit gauges the enabling environment for financial inclusion (furthering the objectives of the Sustainable Development Goals) considering 5 diverse categories (government and policy, stability and integrity, products and outlets, consumer protection, and infrastructure) and 55 countries. The 2018 research report witnessed the model development of the key enablers of financial inclusion. It also saw the inculcation of the indicators on digital financial services to the research methodology. The Global Microscope report essentially discusses the key growth topics of the developing economies: consumer protection, enabling environment, financial inclusion strategy, policy, regulation, and government initiatives, and trends. The Microscope assesses the regulatory and policy environment to which the key players in the financial inclusion domain are exposed to: banks, NBFCs, digital money issuers, and cross-border payment companies. The vital contributions of inclusive insurance, financial agents, FinTech firms, and credit information companies (CICs) are also examined.

Continue reading “India in the Global Microscope for Financial Inclusion 2018”

Why CIBIL score is important?

Before we get into the why, what is a CIBIL score?

To put in layman’s language, it is nothing but a 3 digit number between 300 to 900 decided by CIBIL, a Credit Information company based on all your credit-related activity within the financial system. This number acts as the first impression for the lender, the higher the score, the better the chances of the loan/credit card being approved. Hence, a CIBIL score is a clear indication to a bank about your financial history on which your credit-worthiness is decided. Continue reading “Why CIBIL score is important?”

Empowering The Gig Economy: All You Need To Know

The expression “gig economy” alludes to a general workforce condition in which here and now commitment, impermanent contracts, and independent contracting is ordinary. It’s additionally alluded to as the “specialist economy,” “agile workforce,” “sharing economy,” or “independent workforce.” You may believe it’s a trendy expression, and you’d be correct, yet the boundless development of new businesses supporting the gig economy (and the number of laborers utilizing them) is a certain sign that the idea of work as we know it is changing. Continue reading “Empowering The Gig Economy: All You Need To Know”

Financial Inclusion: All you need to know

Financial inclusion is where people and organizations approach valuable and moderate money related items and services that address their requirements which are conveyed in a mindful and credible way. Financial inclusion is characterized by the accessibility and fairness of chances to get money-related services. The accessibility of monetary administrations that meet the particular needs of a user without any discrimination is a key goal of Financial Inclusion. Continue reading “Financial Inclusion: All you need to know”

How can Fleet Managers benefit from using Fleet Expense Management Tools?

Be it any business, transportation/logistics play a prominent role in it. From having a fleet of thousand vehicles to a few, from owning the fleet to outsourcing it to another, there are various problems faced by all the fleet businesses but most of them are associated with the expense management.

Continue reading “How can Fleet Managers benefit from using Fleet Expense Management Tools?”

Things to know before you get a Credit Card

If you are looking to get your first credit card and you have absolutely no idea then you have come to the right place. Getting your first credit card is always an exciting experience but even more confusing. A credit card is similar to a debit card where instead of having the funds deducted directly from your checking account when you make a purchase, you’ll take on a short-term loan. This loan may or may not accrue interest, depending on when you pay it off.

Continue reading “Things to know before you get a Credit Card”