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  • India turns local shops into banks
  • Symmetry Mind (2007)

India turns local shops into banks

Mobile banking is expanding throughout the developing world. But in India, legal restrictions have slowed down the adoption of electronic payments. The Reserve Bank of India wants to change this by turning phone vendors, fuel stations and corner stores into miniature bank branches.



  • Article image A sector snapshot of Money

    Why is banking becoming more visual? How is awkwardness fuelling payment innovations? And just who is wearing a wristband wallet? In our 2014 sector snapshot of Money, we round up the insights and innovations impacting the finance sector over the last six months.

  • Article image What’s driving India’s e-commerce market?

    The Indian e-commerce market is expected to grow from $2 billion in 2013 to $8.5 billion by 2016. Most of this growth will come from clothes, shoes and accessories - showing that tech-savvy Indian consumers have grown to trust online shopping. But what's driving this shift?

  • India rejects mobile money India rejects mobile money

    While mobile money is having an impact all around the world, it has failed to take off in India, where fewer mobile transfers take place than in Pakistan. But with developing countries embracing mobile payments, particularly in Africa, why hasn't the same happened in India? 

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    Despite having one of the highest poverty levels in the world, sub-Saharan Africa is the world leader in mobile financing. Mobile money transferring services are available in 36 of 47 countries in Africa, with more active accounts than anywhere else in the world.