Rumble in the Jungle – Well the reference of this boxing match is taken here to depict the current scenario of the payment industry. Payments are becoming more and more intelligent then payee. The amount of payment services providers we have added to the payment market in last […]
As more and more consumer devices connect to networks and to other people, new opportunities and challenges will arise. Can we call this a mobile Revolution? To understand the contribution of emerging technologies tightly packed with artificial intelligence, machine learning, data analytics etc is not easy for the normal consumer.
Accessibility is a critical success factor for any service. The role of informal institutions in providing financial services to the members of the community, and concludes by highlighting the opportunities these are present for formal financial service providers but in order to ensure accessibility of banking services, a bank has to have a wide branch network of fully branded brick and mortar marble banking halls with all the necessary security systems. The set up costs of these are so high and to recoup the same, the bank has to pass on the cost to the ultimate consumer.