Recent Post
Blockchain Integration in Financial Project Workflows
April 16, 2025As digital transformation continues to evolve, more...A Moment of Leaders Excellence: Honored with the CEO Excellence Award
April 14, 2025A defining milestone in my professional journey more...Retail Banking Trends and Priorities for 2025: Navigating a Transformative Landscape
April 8, 2025The 2025 Retail Banking Trends and Priorities report more...
Most Read
-
Konark 2018 I was having dinner in a restaurant in Singapore wh... 1k views
-
The Ortus Club Dinner It was a pleasure joining Senior IT executives from dif... 298 views
-
DATA ANALYTICS PANEL DISC... It was a pleasure to be a part of the panel discussion... 295 views
Not new, but I found numbers amazing and amusing.. ✨
India is way ahead of developed economies. Perhaps, there can be an argument that because of a large population, the numbers are so high. But, so is China whose numbers are 65% of India’s numbers despite similar population and whose economy is in top 3 in the world.
With the literacy rate of Indian adults standing at 70%, these numbers speak about how quickly economy may grow because of money changing hands rapidly and how easy must be payment technologies and apps for common person.
Indian government is overseeing the real-time payments reforms for a decade now and 200+ big and small banks are supporting it. With several reforms in offing and payment startups scaling up, this number is only going to grow exponentially..
Agree???
#payments #banks #economy #money #india