It is necessary to understand the impacts of AR/VR on psychological wellbeing and addiction
India has the highest FinTech adoption rate globally of 87% which is significantly higher than the global average rate of 64%
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.
The number of internet users in India increased by 128 million (+23%) between 2019 and 2020
• 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
• 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
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.
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
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
Interventions by the Indian government in the following subjects may help benefit the business amid Coronavirus:
Y Combinator is typically a 2-3 month programme where startup founders get to interact with industry experts as well as other founders and investors while building their business.
It can be noticed in various projects that ‘data analytics’ is often presented as just the ‘visualization of data’ with no or less ‘data science’ being involved in the analysis of data, to draw conclusions. Currently, data is not helping in making rigid future predictions but only displaying current progress.
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.