Jul 22, 2019 | Blockchain and DLT
Remittance pay market plays a significant role in the economic growth of billions of people around the world, especially in developing countries. According to a report by the World Bank, the total value of global digital remittance industry reached $613 billion in...
Jul 5, 2019 | Fintech
‘Technological innovation’ – these two words are so imbibed in our day-to-day life that we have almost forgotten how we used to live without mobile phones or internet or even online banking. We take it as a joke that the banking services were limited to a brick and mortar building which we called ‘bank’ within a time-period of 9 a.m. to 4 p.m. There settlements would take multiple days to clear, the day-to-day transactions were cut-off mid-afternoon and there used to be batch processing.
Jul 2, 2019 | Blockchain and DLT
Facebook has recently unveiled details of its much-awaited digital currency, Libra, which is built on the foundation of blockchain. Libra allows you to send money to your friends and relatives or buy things with nearly zero fees. Since the launch of the white paper,...
Jun 18, 2019 | Blockchain and DLT
Blockchain technology, even in its infancy, has disrupted the banking and finance sector. Various features like immutability, transparency, and decentralization make the technology immensely fitting for various industries and markets. Talking specifically about banks,...
Jun 7, 2019 | Blockchain and DLT
The global pharmaceutical industry is expected to reach $1170 billion in 2021 from $934.8 billion in 2017, according to a recent report by the Business Research Company. The pace of market growth, though, increased in 2018 from 2017 (5.8% from 5.2%), it is still...