This app will enable consumers from both metropolitan and non-metropolitan areas to have continuous digital access to avail and manage products & solutions in a secure, streamlined, and simple manner.

This partnership encompasses AI integration, SME solutions, enhancing online safety, fostering local collaborations, and more. Google Pay’s introduction in response to the government’s invitation strengthened financial inclusion.

The strategic bank x FinTech partnership aims to help merchants manage omnichannel payments and also seamlessly access financial services on an agile-tech platform.

The partnership intends to help millions of feature-phone users to make digital payments under the microfinance ecosystem.

The three-year project aims to eliminate barriers in access to finance for young entrepreneurs, create income generation opportunities and promote financial inclusion and growth.

The talks will center on how India will incorporate financial inclusion and digital economy into its G20 agenda.

The tie-up will enable Indian startups and SMBs to fold technology into their operations and accelerate digitalization while also maintaining business continuity and preparing for alternatives to cash payments.

ICICI Bank announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.

IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.

In the current environment there has been significant growth in adoption of contactless payments, both globally and in India.