Bankloch

In recent years, there has been a growing trend among companies across different sectors to build ecosystems or even super-apps. These ecosystems typically include a range of services and products designed to meet the diverse needs of consumers in their daily lives. While each company may approach this from a different angle, their ultimate goal is the same: to   create a one-stop-shop for all their customers' needs . One of the most notable examples of this trend is observed in the   tech industry , where companies such as Amazon, Apple, and Google have created vast ecosystems that encompass everything from e-commerce, cloud computing, and financial services to entertainment. These companies have leveraged their existing strengths to expand their offerings and provide a seamless experience for their users. For instance, Amazon Prime offers not only fast and free shipping but also access to streaming music and video content, as well as discounts on groceries and other products...

In a world marked by high inflation rates, governments are engaged in a race to find ways to compensate citizens for their diminishing purchasing power. Simultaneously, businesses are navigating a complex landscape, searching for strategies to sustain their revenue streams by increasing prices without alienating their customer base. This conundrum has sparked a wave of   innovation in different (pricing) models . Pricing models influence not only the cost of products and services, but also the tax rates imposed by governments and the support premiums and reductions granted by governments to both companies and citizens. Striking the   right balance   within these models is imperative, requiring a delicate compromise between several crucial factors: Fairness : Both customers and citizens must perceive the pricing model as just and equitable. There should be a sense that the price aligns with market norms and does not unfairly treat individuals compared to their peers. Unfai...

If there is one Indian innovation that has grabbed   global headlines , it is undoubtedly the instant payment system   UPI (Unified Payments Interface) . In August 2023, monthly UPI transactions exceeded an astounding 10 billion, marking a remarkable milestone for India’s payments ecosystem. No wonder that UPI has not only revolutionized transactions in India but has also gained international recognition for its remarkable growth. Launched in 2016 by the   National Payments Corporation of India (NPCI)   in collaboration with 21 member banks, UPI quickly became popular among consumers and businesses. In just a few years, it achieved   remarkable milestones : By August 2023, UPI recorded an unprecedented   10.58 billion transactions , with an impressive 50% year-on-year growth. This volume represented approximately   190 billion euros . In July 2023, the UPI network connected   473 different banks . UPI is projected to achieve a staggering   1 ...