India: Paytm's 'Spend Now, Pay Next Month' Option Available at Local Kirana Stores
Paytm has expanded Paytm Postpaid facility to offline retail outlets and neighborhood kirana shops.
India’s Digital Financial Services Opportunity in a Post-COVID World
COVID-19 could be the “demonetization moment” for digital services delivery in India.
India: Crisis to Boost Mobile Payments, Says Report
Mobile-based payments will be resilient and overtake card payments in India, with the covid-19-induced economic slowdown likely to put a pause on the rapid rise of cashless payments in 2020.
Hong Kong’s HKT Financial Services, the Fintech Arm of HKT Group, Introduces Digital Financing Platform
Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App.
India: More Kirana Shops Accept Digital Payments as Customers Prefer Contactless Shopping
Payment companies have reported a surge in digital transactions for buying essential goods since the lockdown began, and more and more fintechs are now working with mom-and-pop stores to enable them to transact digitally.
India: Banks and NBFCs Begin Tug of War on Extension of Loan Moratorium Scheme
Through informal communications, many banks have conveyed to NBFCs and micro lenders that they aren’t in favor of extending the moratorium, said at least three NBFC industry officials.
India: May Digital Payments See an Uptick, Indicating Revival in Economic Activity
Digital payments saw a revival in May, after the government granted some relaxation during the third and fourth phases of the lockdown.
Digital Lending Post COVID: How Micro-Credit Holds the Key for Small Merchants, Customers to Bounce Back
Credit and Finance for MSMEs: Digital lending platforms with the principles of financial inclusivity will emerge as the heroes of the financial crisis.
China Takes Steps to Become First Cashless Society After COVID-19
As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities, setting it up to become the world’s first cashless society.
Loan Moratorium: Lenders Struggling to Trace Low-Ticket Retail Borrowers
Financiers across the spectrum are struggling to trace low-ticket borrowers, about a fifth of their customers, through virtual means.