An official of India’s Punjab National Bank received gold and diamond jewelry as bribes for his involvement in a scandal that defrauded the lender of nearly $2 billion. So far, the police in India have arrested 13 people, seven from Punjab National Bank (PNB) and...
Anniversaries are a time for reflection, and one year into India’s grand de-monetization drive, the results are mixed. Counterfeiting activity has simply moved to embrace the new notes. GDP is slowing. But on a brighter note consumers are ready to embrace non-cash ways of transacting. ...
Taking 86 percent of notes of circulation late last year has brought a tipping point to India’s digital payments activity. In the latest Topic TBD, MoneyOnMobile CEO Harold Montgomery gave Karen Webster a bird’s eye and ground level view of how technology is shaping, and...
The cash crunch in India is having a direct impact on many sectors, prevalent among them jewelry retailers. As Bloomberg noted, “sales are plunging.” The backdrop is well-known. Many industries, including the jewelry industry, rely on cash for transactions. Many retailers, reported the newswire, are...
November 23, 2017
Anniversaries are a time for reflection, and one year into India’s grand de-monetization drive, the results are mixed. Counterfeiting activity has simply moved to embrace the new notes. GDP is slowing. But on a brighter note consumers are ready to embrace non-cash ways of transacting. No surprise, tech heavy hitters are in the wings, waiting to deliver.
March 19, 2018
Indian Prime Minister Narendra Modi is in hot water after a photo surfaced of him with billionaire jeweler Nirav Modi, who is at the center of the biggest banking scandal in the country’s history. According to Bloomberg, the photo showed the prime minister posing at the World Economic Forum in Davos on January 23 with […]
March 05, 2018
An official of India’s Punjab National Bank received gold and diamond jewelry as bribes for his involvement in a scandal that defrauded the lender of nearly $2 billion. So far,...
February 27, 2017
Taking 86 percent of notes of circulation late last year has brought a tipping point to India’s digital payments activity. In the latest Topic TBD, MoneyOnMobile CEO Harold Montgomery gave...
January 17, 2017
The cash crunch in India is having a direct impact on many sectors, prevalent among them jewelry retailers. As Bloomberg noted, “sales are plunging.” The backdrop is well-known. Many industries,...
