IRDAI exploring flexible, DIY insurance products: Debasish Panda
IRDAI is working with companies in the health insurance sector to ensure 100% cashless settlements for medical expense claims
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In digital era, India refuses to let go of cash
Cash touches 14.5% of GDP, up from 10.7% pre-DeMo. Use of mobile payments is rising, but only within the Tier-I cities.
Paytm: proof of the coming-of-age of India's startup ecosystem
Paytm has become synonymous with cashless payments in India. Its QR code stickers are omnipresent—from high-end stores to roadside ramshackle stalls. This shows how it has indented Indian commerce.
Vijay Shekhar Sharma readies for the next frontier
From selling ringtones to running what can be called an Internet conglomerate, Sharma has stayed relevant and is also creating an ecosystem. Now, he wants to take Paytm to the developed world.
Paytm Payments Bank to issue Visa debit cards
The payments bank aims to issue 10 million new cards by the end of the next financial year.
Fintech: Fast and furious
Fintech companies in India are not just competing with banks and e-commerce players but also collaborating with them to fulfil each other’s needs, keeping the sector abuzz with investment.
PhonePe banks on trust
Walmart-backed digital payments platform PhonePe aims to turn profitable soon by leveraging its network of retail customers and merchants to offer a range of products and services.
Unlocking the new avenues for digital payments
The interoperability among prepaid instruments is perhaps the most promising move in the recent times to accelerate the digital payments ecosystem in India.
‘We are in a market that is on steroids’
From being the exclusive privilege of a few, American Express wants to reposition itself in India as a credit card for the aspiring affluent and tap into the country’s growing consumerism.
Move of the year: Digital wallets
You could call him a magician. Or you could call him a banker (of sorts). A music lover (“I love U2”). A startup whiz. Or just a successful entrepreneur who knows how to make people spend, and spend smart. Or, as most people do, call him Vijay Shekhar Sharma, founder of arguably the best-known digital wallet in the country, Paytm. We call him the face of the move of the year.
