Banking & Finance

How Payments Banks Work and Their Benefits

Definition: Payments banks are specialised financial institutions licensed to simply accept small deposits, facilitate virtual payments, and offer basic banking offerings with out supplying credit score or loans. Primary Functions: They consciousness on financial inclusion, enabling underserved populations to get entry to banking services like savings debts, remittances, and...

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 “The Safety Scam (And How I Fell For It)”

Banks sell savings accounts like they’re impenetrable vaults—safe, reliable, “risk-free.” Meanwhile, inflation chews through 2-4% of your money’s value every year. I didn’t believe it until I did the math: my “safe”10,000fromfiveyearsagonowbuyswhat10,000fromfiveyearsagonowbuyswhat8,500 used to. That’s not security—that’s slow-motion robbery. The rich don’t play this game. They know cash is...

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Unraveling the Paytm Predicament: Analyzing Recent Controversies

Introduction: Paytm, India’s premier digital payments and financial services platform, has recently become the focal point of controversies and regulatory challenges, casting a shadow on the once-dominant fintech giant. The concerns at hand span a spectrum from regulatory compliance to alleged data privacy violations, prompting questions about the company’s...

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