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Money
26 posts
Your CIBIL Score: Whose Bill is it anyways? #Blackbox [#TheThreadMill]
NextBigWhat’s mission is to enable you to discover great perspectives and content. We have launched #TheThreadMill, a series of content curated from the wild web (e.g. Twitter threads) that brings…
The Future of Fintech is in Re-bundling
A thread by @zachperret on future of fintech. Zachary Perret is the founder and CEO of Plaid, which has been recently acquired by Visa (for $5.3Bn). The last few weeks…
India’s 1% has more than 4X the wealth held by the bottom 70%
India’s richest 1% hold more than four-times the wealth held by 953 million people who make up for the bottom 70% of the country’s population, while the total wealth of all Indian billionaires is more than the full-year budget!
What about income inequality? Well, it would take a female domestic worker 22,277 years to earn what a top CEO of a technology company makes in one year.
Govt on MDR: No compensation on losses due to waiving off of transactional charges
“..the government would neither amend nor withdraw the zero merchant discount rate (MDR) policy (on Rupay/UPI), nor compensate these companies on losses due to the waiving off the transactional charges…
Number of debit cards in India down by 15%
The number of debit cards in India is down by 15% from 998 million cards , as on Nov 3, 2018 to 843 million, as of October 2019. Reason? As…
Lending money is the new Grocery startups : The impending and looming crisis ahead #CambodiaLessons
In Cambodia more than 10% of borrowers are unable to pay back their loans for mobiles/gadgets and such. Sounds familiar?
India’s real-time money transfer platform, IMPS has been rated the highest in a global payments innovation index
Deployments of real-time payment systems are surging worldwide, according to new research from FIS, a global leader in financial services technology. In its fifth annual Flavors of Fast report, FIS…
smallcase launches ‘All Weather Investing’ – asset allocation with ETFs
Portfolio investment platform smallcase.com has introduced an instrument for retail investors called “All Weather Investing” smallcase. The All Weather Investing smallcase is a portfolio of low-cost ETFs that distribute your money in…
ET Money launches zero-commission investment feature for mutual funds
ET Money has launched zero-commission investment feature in direct mutual funds. Essentially, you will save 1.5% on commissions every year by investing directly. This makes the space further competitive for…
RBI Ban didn’t deter these crypto-exchanges #Jugaad #
Remember the April circular from The Reserve Bank of India (RBI) barring Indian banks from dealing with crypto-currency exchanges? Not much of a dead-end for players who prefer back-end tunnels…
FYI: RBI did no homework before banning Bitcoin (and Cryptocurrencies) in India
Neither did RBI engaged with central banks of other countries NOR they even cared to approach other countries before banning Bitcoin in India. There was no research conducted and no…
