India’s big opportunity with open data

Quick Summary:

In 2020, India became the world’s largest processor of real-time payments, handling close to 41 million transactions in a day, ahead of China and South Korea.

This grew by 30 per cent in 2021—India’s digital transformation results from public infrastructure created by the UPI.

Even after the onboarding process is complete, credit decisions still take several weeks: the average turnaround time for MSME loans from public sector banks is 31 days, according to the Reserve Bank of India.

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Article Details

Author / Journalist: Anuradha Ramachandran

Category: StartupsTechnology

Markets: SingaporeChinaIndiaSouth Korea

Topics: Flourishventures McKinsey Big Data Community

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-29 @ 05:32:31 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 995 words

Reading Time: 6 minutes read

Sentences: 1 lines

Sentence Length: 995 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 22765202

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 5 posts per day

Year Established: 2006

Headquarters: Singapore

News Last Updated: 12 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #10

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