Archive for the 'Data / Analytics' Category

UPI Apps a Big Blow to Mobile Wallets like Paytm in India

The Narendra Modi led Government of India is serious on pushing forward Digital Money and Cashless society, albeit in their own way. They have launched the famous BHIM UPI Mobile Payment App which forced every other Mobile banking App to refresh with the UPI Interface for instant mobile money transfer. Mobile Messaging Platform, WhatsApp has […]

300% Spike in Cashless Transactions During Rs 500 / 1000 Demonetisation Drive of 2016

The Narendra Modi led government Demonetized highest value currency notes of Rs 1,000 and Rs 500 in November 2016. India primarily being a Cash Economy of which 50% is the parallel Black Money Economy, suffered during demonetization as their was total chaos on the availability of cash. Citizens had to rely on their Debit Cards […]

Adoption of Mobile Money in Cashless India

The Indian Internet ecosystem had its challenges in 2016, parts of fintech has seen continued strong momentum. The number and value of transactions through mobile wallets have been growing at over 30% and 100%, respectively, and the mobile banking transactions, in volume and value, have grown at over 150% and 250%, respectively (for the period […]

Demonetization Effect – New Payment Platforms Grows

With the boldest move in the History of India, The Demonetisation of Rs 500 and Rs 1,000, the nation continues to see a gradual shift towards newer payment platforms which should help India move towards a less cash economy. Higher tax compliance as well as lower costs have the potential to accelerate this change, especially […]

Digital Payments in India eat into Banks POS Business

The Indian RBI has bucked the overall Economic Trends and given wide scope for Digital Payment Platform. In this backdrop it is very important to note that PayTM Digital Payment Platform [Wallet using Pre-Paid Cash or Money Added via Debit / Credit Card, has now acquired over 600,000 merchants (compared to 300,000 for SBI, the […]

CIBIL-Transunion Tracking 525 Million Loan Accounts, Rise of Retail Lending

CIBIL Transunion is India’s Largest credit bureau with with data on 200mn Indian Citizens and 525mn loan accounts in its big data repository. The CIBIL management shared insights on the Rise of Retail Borrowing and Lending. The strong trend in retail loan growth is aided by healthy growth in new account additions for both private […]