Snehal khanna Blog

Given the expertise, focus and core competency of mobile wallet players like Paytm and Mobikwik, it makes more sense for banks to partner such players than building or pushing own e-wallet apps LATEST NEWS : An accelerated digital adoption in India, especially after the Narendra Modi government’s November 2016 move to demonetise high-value currency notes, and the subsequent spike in electronic payments, are credited with scripting a success story for mobile wallet companies. And, with a loss of market share in the payments space that ensued, banks also jumped on the bandwagon and launched their own e-wallets. Now, however, with their wallet customer base, user interface and innovation not matching well enough with the numerous offers that niche wallets provide, banks are struggling to compete. On the post-demonetisation digital drive, Ritesh Pai, chief of digital office, YES Bank, says: “Some users who never had an active interface with the banking system also embraced pre...

17-20 mn jobs need to be created every year, says CII Breaking news : The growth seen in India’s gross domestic product (GDP) has so far not helped job opportunities grow at a similar rate, according to experts and officials from various sectors. “GDP growth levels and new job creation in India have not been growing at the same rate,” Rajiv Lall, managing director and chief executive officer, IDFC Bank, said at the Confederation of Indian Industry (CII) conference on ‘Future of Jobs in India’ in Mumbai. However, according to CII, if the right steps were to be considered, job creation in the country could help drive GDP growth. Jamshyd N Godrej, CMD, Godrej & Boyce Co, said, “The gap between number of jobs created and jobs required has widened despite strong GDP growth during the past few years.” Read this:   Shoaib Akhtar toughest bowler I faced, says Dhoni According to a CII report titled ‘Future of Jobs in India – Enterprises and Livelihoods’, ...