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.

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Top 5 FinTech Trends Of 2018

FinTech remains for Financial Technologies, and in its broadest definition,  that is precisely what it is: technologies used and applied in the financial services sector, predominantly utilized by money-related organizations themselves on the back end of their businesses.  Yet, to an ever increasing extent, FinTech is coming to speak of advances that are upsetting customary monetary administrations, including mobile payments, money transfers, loans, fundraising, and resource administration.

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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”

10 Ways To Increase Your CIBIL Score in 2017

In today’s world, we need money to make money. With a plethora of banks and lending agencies opening up everywhere, one might think that procuring money will become easier, but this might not always be the case. Lending money involves huge risk and thus almost all financial organizations rely on certain criteria to index the repayment capacity of an applicant. A credit score is Continue reading “10 Ways To Increase Your CIBIL Score in 2017”

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.

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