
HDFC Bank’s digital outage continues
Customers face disruption in digital banking services. The bank tweeted that it is fixing the technical glitch.
Customers face disruption in digital banking services. The bank tweeted that it is fixing the technical glitch.
The startup, backed by Amazon and Mastercard, says it uses sound waves to enable contactless digital payments with or without the Internet.
Banks that adopt innovative business models, use the latest technology, and focus on providing value-added services stand a chance, says a survey by Accenture.
Mastercard believes the fintech revolution can take financial inclusion to the next level in India, where digital payments have already seen a significant jump.
Allowing fintechs some runway with the eventual goal of bringing parity between them and traditional financial service providers is a tight balancing act.
Card issuers who want to lead will have to determine new and creative strategies based on the customer’s existing buying behaviours.
As e-commerce and fintech firms snap at their heels, Bajaj Finserv and Bajaj Finance are working to up their digital play in the consumer finance business.
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.
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.
As we approach the possible endgame in the current wave of technology change, watch out for interoperability in payments, SaaS, technology debt, and user experience.