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Bangladesh would need to adopt long-term policy measures to achieve a robust growth rate
While digitalisation has proceeded, cash has not become unimportant.
As part of the Digital India movement, we see several initiatives in e-governance that are bound to transform India into a digitally empowered society
What differentiates India Post Payments Bank from its ancestor — India Post — is in its value proposition of providing a technology-driven payment
In early February when Pakistan was seen as the epicenter of nuclear trade, the United States decided to downplay the entire episode by terming it ¿a part of the past¿. When A.Q. Khan was given a ¿pardon¿ by General Musharraf for all his proliferation activities, for the US, it was merelya ¿matter between Mr. Khan and his government¿.
Digital financial services have benefits but pose privacy risks that harm consumers, merchants, markets, and nations alike. Some payments systems in India suffer from vulnerabilities because they were not prospectively designed on the basis of the ‘privacy by design’ principle. At the back-end, the centralised storage of data is risky. At the front-end, faulty capture devices enable data misuse. Across the middle mile, data is transmitted wit
India is ahead of the entire world when it comes to fintech. This is an unprecedented time, ripe for entrepreneurship.
As we move more towards a cash-flow based system of lending, companies are building their own risk assessment models for borrowers using both payment
Cross-border payment is one part of the banking sector that has yet to benefit from recent progress in digitalisation. Most international transactions are still processed using a 600-year-old correspondent banking system devised by the Medici.[1] However, this system of manual entry of transactions is not a scalable solution for the burgeoning digital payments space. While this may seem like an issue for institutions, a huge segment of the popul
By forging new diplomatic relationships and establishing effective ties, Pakistan can attract more capital inflows and further enhance its economic pr
Through the six decades of SBI’s presence, the initial objective of extending “banking facilities on a large scale, more particularly in the rural
Bangladesh was one of the few countries in the world to sustain a positive economic growth rate during the COVID-19 pandemic. Today, however, it is experiencing symptoms that could stall such impressive record: rising divergences in the government’s fiscal balance; the precarious Balance of Payments situation; rapidly declining foreign exchange reserves; demand-supply gaps in the energy markets; and inflationary tendencies. The exogenous shocks
With Awami League winning the 4th consecutive term, this re-election opens up interesting implications for the country’s economic future
The legacy cross-border payment infrastructure is replete with issues of high costs, limited access, low speed, and opaque structures, which have limited the potential of cross-border payments to enhance international trade and foster economic growth in emerging economies. The increased demand for transparent, accessible, faster and cheaper solutions in the financial sector has pushed the private and public sectors to accelerate investments in in
Despite numerous government efforts to popularise digital transactions, India continues to be a cash-dependent economy. This is because the transforma
Central Bank Digital Currencies need a unified global approach given the fracturing of geopolitics into contesting silos
To defend their turf — and prevent extreme decoupling — central banks are keen on designing their own network of digital payments by officially is
Maximising the effectiveness of fulfilling the essential functions of fiat money should be the primary objective of CBDC.
If a crisis was needed to reform a nation, perhaps COVID-19 it is. Recall the 1991 reforms, when India was facing a balance of payments crisis. The crisis pushed the Indian state into action and economic reforms were quickly ushered in.
The readymade garment sector has suffered grievous blows, with foreign brands, traditional buyers of Bangladeshi garments, not only cancelling earlier
जब ख़तरनाक रफ़्तार से डिजिटल वित्त सेक्टर आगे बढ़ रहा है,
The digital euro can revolutionise digital payments but its future remains uncertain as it grapples with widespread political scepticism about its pur
The crucial difference between the withdrawal of INR 2000 notes and the 2016 demonetisation is the modus operandi of the withdrawal and the status as
In the coming years, many will be watching to see whether mobile network operators will manage to retain the 2.8 million new mobile money subscribers
This year’s survey encompasses the massive changes that the country has had to go through over the decades in the long term as well as through the p
The reforms of 1991, which were a cohesive wide range of reforms, covered large segments of the economy. However, in its totality, they were hamstrung
एस्टोनियाई अनुभव ने हमें बताया है कि डीपीआई (Digital Public Infrastructure) �
The COVID-19 pandemic sparked rapid digitalisation worldwide, with work-from-home interactions, online payments, and online consultations for various services becoming acceptable practices. While this shift in the manner and nature of work brought enormous benefits, crucially in terms of access, it has also increased the kind of cyber security threats that countries face, with vulnerabilities felt particularly in the health and financial sectors.
Pakistan's involvement in CPEC has led to impractical projects heavily reliant on foreign loans, worsening the country's economic difficulties
The real reform of the international financial architecture can only be completed when Emerging Economies or the other half of the G20 are fully repre
We must have checks and balances on our technologists and on those who govern technology, especially in the case of DPGs because of their increasingly
India’s digital public infrastructure (DPI) model is a key offering to the world and is being considered, adopted or adapted by nations at varying s
The Gorkhas, a Nepali military community, have long been recruited by the Indian Army into its Gorkha regiments. Gorkha youth are keen to join the Indian Army since its perks and payments are superior to those of the Nepali Army. However, India's new short-term military enlistment scheme, Agnipath, could alter this association. This brief discusses the impacts of the Agnipath scheme on military labour migration from Nepal to India, and on
Digital India today, means different things to different people, but for the world, it means that India with its technology is here to lead
This paper projects the nationwide and state-wise size of India’s Unified Payments Interface (UPI) market under various GDP growth scenarios. The market sizes under these scenarios are expressed in monetary values at the scale of both sub-national units and the Indian economy as a whole. With the help of transactions and market share data from Phonepe, a UPI company, the paper estimates the national and state-wise base case scenario market volu
As PM Modi visits the US, foremost on his agenda will be the need to promote the renaissance of individualism, internationalism, and multilateralism,
PM Modi's push to industries - trucking, agricultural purchases, construction - where wages are still distributed in cash towards digital payments
Fifteen most–read expertspeak posts this year.
The government has acknowledged the importance of protecting the integrity of data and the requirement of strong encryption standards.
