Digital around the world in 2020

The average internet user now spends 6 hours and 43 minutes online each day. That’s 3 minutes less than this time last year, but still equates to more than 100 days of connected time per internet user, per year.

Evolution of Digital Payments

• 1994: First online purchase.• 1997: First mobile payments and first contactless payments.• 1999: Paypal launches electronic money transfer service.• 2003: Alibaba launches Alipay in China.• 2007: M-PESA created the first payments system for mobile phones.• 2009: Bitcoin enabled secure and untraceable payments.• 2013: WeChat Pay introduced, which by 2018 surpassed 800 million monthly active… Continue reading Evolution of Digital Payments

5 years of Digital India

• The world’s largest digital literacy program, PMG Disha, has already trained around 3 crore candidates. • JAM (JanDhan, Aadhaar and Mobile) trinity facilitated the direct benefit transfers worth more than ₹11 lakh crores, directly into the bank account of beneficiaries. • MyGov, with 1crore+ users ensured active participation of people. • Formulation of 796… Continue reading 5 years of Digital India

EGovernance international best cases

Germany offers the public employment service that places people in the labor world every year without independent mediation by a staff member. This is made possible by “Arbeitsamt online”, the placement service of the public employment services on the Internet. Each day roughly 250,000 people use the multifaceted offerings of this system.

Digital Lending: A $1 Trillion opportunity for India

By the year 2023, it is estimated that MSME (Micro, Small and Medium Enterprises) digital lending may increase 10-15 times to arrive at INR 6-7 Lakh Crore ($80-100 billion) worth of annual disbursements, creating a window for traditional lenders to go digital. With the growth of API based data distribution patterns and the technical know-how… Continue reading Digital Lending: A $1 Trillion opportunity for India

Growth of Digital Payments and the emergence of FinTech in India

The government of India has proved to be a catalyst in the growth of the digital payments ecosystem in the form of modernization of payment infrastructure, digital literacy and offering ease of setting up a business. The government pushed a surge of digital inclusion in the country with subsidies, programs and incentives including: BHIM cashback… Continue reading Growth of Digital Payments and the emergence of FinTech in India

Digital Consciousness

The idea that digital identity can be a conscious-being operating under the digital mechanism, taking in case the philosophies of Transhumanism is not something unimaginable. The concept has been visualized by visionaries for years and is no longer a science fiction story.