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.
Un-related business growth. #TikTok / #YouTube and #Lending. Will a user who is now addicted to make Tiktok/YouTube videos, take a loan for set up/mobile device/any other equipment required to make a good video? Are these two businesses and interests linked in some way? What if s/he does not have a good/credit score? How would… Continue reading TikTok, Youtube and Lending. Is there a synergy?
We already have enough #Payment acceptance tools In #India, like UPI, BharatQR, NCMC, Aadhaar Pay, RuPay, NETC, NACH etc. We dont need anymore for retail/B2B, else it will confuse a customer. We now need to focus on the following; 1. Customer Awareness & Access 2. On ground availability of infrastructure like BCs, Debit Card issuance… Continue reading Enough of Digital Payment Tools in India. Now we need following..
Can we set up #Banking/BC points at Indian Railway Stations? I have always wondered why railway stations are / has not been chosen to set up #banking points and government service counters. Few benefits it offers; 1. Security 2. High footfall 3. Multiple cross sell opportunities 4. Daily/weekly wage earners who travel from their native… Continue reading Banking Points at Indian Railways Platforms. Can we think out of the box please.
How can we expect people to use a #Payment tool if they are not aware about its Use, Benefit and if we have not answered about #WIIFM (What's In It For Me) to them ? Recently many transaction tools and #FinTech companies have come up and most of them are serving to the same people… Continue reading Digital Payments in India, are we partying for Wrong Reasons.
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.
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
Fintech and Financial Inclusion - Ideas and Collaborations. 