Alternate Lending, Alternative Lending, Bottom of the Pyramid, Financial Inclusion, FinTech

Relationship between Digital Lending, Smart Phone Battery, and Electricity.

What is the relationship between Digital #Lending, SmartPhone Battery, and Electricity? If we observe in rural areas, people save/used to save on the battery life, because they have to go to the nearby village or to any shop to get their mobile battery charged, now with the increasing availability of electricity they do not have… Continue reading Relationship between Digital Lending, Smart Phone Battery, and Electricity.

Aadhar, Aadhar Enabled Payment System, AePS, Bottom of the Pyramid, E-KYC, Financial Inclusion, FinTech, Fintech & Payments, MFI, Micro Finance Institution, Unified Payment Interface (UPI)

Digitalisation in MicroFinance Institutions have more problems than just Systems : Manage People, Process & Practices.

How can #MicroFinanceInstitutions  get benefitted with Digitalisation & #FinTech : 1. Use Aadhar number and EKYC to onboard customers 2. Use  #Aadhar number for Credit check unless you have taken Voter Id number as identifier,  even if you have done it link voter Id numbers with Aadhar numbers as one time activity 3. #UPI/Aadhar number… Continue reading Digitalisation in MicroFinance Institutions have more problems than just Systems : Manage People, Process & Practices.

Bottom of the Pyramid, Financial Inclusion, Fintech & Payments

FinTech “Go To BoP (Bottom of the Pyramid) Strategy

FinTech "Go To BoP (Bottom of the Pyramid) Strategy". Most of the Fintech companies are just scratching the surface in Metros and at Max tier 2 cities, where price war has already started and game is about few BPS only. True that cost of reaching above segment is lesser due to high literacy, people already… Continue reading FinTech “Go To BoP (Bottom of the Pyramid) Strategy