Future of Paytm after Berkshire Hathaway Investment

Future of Paytm after Berkshire Hathaway Investment

Berkshire Hathaway, one of the world’s leading investment firms in USA which has never invested in technology private stock has finally came down to the decision of buying stake of 3% – 4% of Paytm. Mr. Vijay Shekhar Sharma, CEO and Founder of Paytm has made a deal with Mr. Todd Combs, the investment manager, Berkshire Hathaway for Rs 2000 crore – Rs 2500 crore at a valuation of $10 Billion. This has given valuation up from over $7 Billion…

Read More Read More

JAM (Jan–Dhan Aadhar Mobile) Trinity

JAM (Jan–Dhan Aadhar Mobile) Trinity

JAM trinity refers to the Government of India initiative to link bank accounts, mobile number and Aadhar cards of the citizens to directly transfer subsidies to the intended beneficiaries and eliminate leakages and intermediaries. The JAM trinity was proposed in the economic survey of 2014-15. What is Jan – Dhan Yojana? Prime Minister of India – Narendra Modi wished that every citizen of India should enjoy a Zero Balance account. So Narendra Modi launched the Jan – Dhan Yojana campaign…

Read More Read More

Golden rules to follow for a financially healthy life

Golden rules to follow for a financially healthy life

All of us want to be successful. Although individuals define success differently, we are talking about wealth. We aspire to live a comfortable life and strive hard to offer the best to our family. Many people believe that investing is all about timing the market. You would find countless supporters of this theory over the internet and in the media, but we believe otherwise. In fact, it is the financial discipline that will help you achieve your long-term financial goals….

Read More Read More

Fintech in today’s scenario

Fintech in today’s scenario

FinTech is about companies creating computer programs and other technology used to support or enable banking and financial services. With the everyday change in the world, companies recognize the opportunity to modify the financial services industry through fintech disruption. In introducing fintech consumers and companies, both have already started to take the benefits. The smartphones are used for mobile banking, investing services and cryptocurrency to make financial services easier and more convenient to the general public. Financial companies consist of…

Read More Read More

Push for Digital Transactions by RBI

Push for Digital Transactions by RBI

Digital transactions all over the world gained popularity and is preferred means of payment in developed countries. While India is slowly adopting to the digital transactions the growth of adoptions is slower in comparison to the countries which are similar in economy and population. RBI has stressed the need for adopting digital transactions for the following reasons: Check the black money market: Black money market is mostly cash based. Digital transactions help track the transactions more effectively and aids to…

Read More Read More

Line of credit vs personal loan

Line of credit vs personal loan

An increasing number of people are now borrowing money for their purchases especially the more expensive ones. When borrowing money for purchases, there are two main options – personal loan or credit. Now the question is which one to choose? How personal loans work? A personal loan is an unsecured multi-purpose loan, i.e., the borrower does not have to put your assets as collateral to avail a personal loan. They often have lower interest rates than credit cards, especially if…

Read More Read More

Reward Points on Credit Cards

Reward Points on Credit Cards

  The reward points on credit cards were introduced by banks to encourage customers to use their credit cards for purchases. Nowadays many credit cards come with their Reward Points Programs. This allows customers to earn points on each purchase that they make with their credit card. After accumulating a specific number of points, customers can redeem these points for vouchers, air miles, cash back on future purchases etc. Usually, higher value purchases will earn you more points than smaller…

Read More Read More

DigiLocker: The new digital vault

DigiLocker: The new digital vault

  One of the key initiatives by Government of India under digital India programme, DigiLocker offers a platform to electronically store the documents such as PAN, driving license, Marksheets, Degree Certificates, etc., and provides the capability to e-sign those documents. One can also use the e-sign facility for legacy documents stored in DigiLocker and provide them when needed. DigiLocker works best when registered with Aadhar number. It helps to send the digital certificates to the registered requestors (users registered with…

Read More Read More

Synopsis on Cryptocurrency

Synopsis on Cryptocurrency

What is Cryptocurrency? A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled. In Layman’s term, cryptocurrencies are a form of digital money which allow you to make purchases online. Unlike regular currencies, they…

Read More Read More

How merchants can sign up for UPI – VPA?

How merchants can sign up for UPI – VPA?

After a launch of UPI, merchants want to connect their account to UPI to avail benefits, however, there was no such system launched to provide merchants with this facility. Consumers were only using UPI to send money to each other. The demand was to improvise the system in such a manner that the UPI could be used by consumers to make payments at merchants. BHIM came with this solution which is discussed in this blog BHIM has come up with…

Read More Read More