Manager
Shweta is a Manager in MSC’s Digital Financial Services – Payments & Distribution domain. She has over five years of working experience gained through projects with financial technology companies, business correspondent network managers, government and quasi-government institutions, multi-lateral development organizations, banks, payment system providers, and social enterprises in India, Bangladesh, and Vietnam.
The evolution of payments in India—the state of play
In recent years, India has moved to a leading position in digital payments and developed an ecosystem that enables the uptake and usage of digital payments. Many countries now seek to replicate India’s payments systems, particularly the Unified Payments Interface (UPI). This blog highlights the evolution of India’s payments landscape and looks into issues and ideas that contributed to this evolution. It briefly discusses the controversial waiver of the merchant discount rate (MDR) to increase the number of use cases in the person-to-merchant (P2M) category.
Sep 28, 2022
Graham Wright, Akshat Pathak, Disha Bhavnani, Shweta Menon and Diya Chatterjee
Sep 28, 2022
Graham Wright, Akshat Pathak, Disha Bhavnani, Shweta Menon and Diya Chatterjee
How have low-income communities embraced digital payments in India?
This is the first blog in a three-blog series on the whitepaper titled “How Digital Payments Drive Financial Inclusion in India. The series is built around the whitepaper, which provides evidence-backed insights on the evolution of digital payments in India and the current barriers and triggers for providers and users. It also covers critical use cases that can steer the shift toward digital payments for the mass market—and the concerted efforts needed from different stakeholders to make that shift possible.
Sep 23, 2022
Mitali and Shweta Menon
Sep 23, 2022
Mitali and Shweta Menon
How digital payments drive financial inclusion in India: Abridged report
India’s digital payments landscape has transformed dramatically over the past five years. This report, published in collaboration with the National Payments Corporation of India, provides a detailed outlook on India’s journey of digital payments, factors affecting the adoption of digital payments among the LMI segment, and products that have revolutionized the space.
Sep 22, 2022
Manali Jain, Vishes Jena, Disha Bhavnani, Akshat Pathak, Shweta Menon, Maansi Sharda and Pramiti Lonkar
Sep 22, 2022
Manali Jain, Vishes Jena, Disha Bhavnani, Akshat Pathak, Shweta Menon, Maansi Sharda and Pramiti Lonkar
How digital payments drive financial inclusion in India
Digital payments in India have grown phenomenally in the past decade. This report highlights how digital payments in the country grew and charts the path ahead. We look at the journey of digital payments in India, major events and entities that contributed to it, and products that revolutionized the digital payments space. We also identify barriers to the digital payments sector and analyze the future of digital financial inclusion through payments for the low- and moderate-income segments in India.
Sep 20, 2022
Disha Bhavnani, Manali Jain, Vishes Jena, Akshat Pathak, Shweta Menon and Maansi Sharda
Sep 20, 2022
Disha Bhavnani, Manali Jain, Vishes Jena, Akshat Pathak, Shweta Menon and Maansi Sharda
The Mool mantra: Simplifying financial services for the masses
In this blog, we chart Mool’s journey. Mool is a neo bank that enables Indians in the low- and middle-income (LMI) segment to take small steps toward saving and investing. Read on to see how Mool uses an interactive, easy-to-use platform to make customers save more and plan their financial lives better. Mool is a startup under the Financial Inclusion (FI) Lab accelerator program’s fifth cohort. The FI Lab is supported by some of the largest philanthropic organizations worldwide—the Bill & Melinda Gates Foundation, J.P. Morgan, Michael & Susan Dell Foundation, MetLife Foundation, and Omidyar Network.
Jun 14, 2022
Jun 14, 2022
Kosh: A community-based credit platform that offers financial security to blue-collar workers
Kosh is a digital lending platform that provides access to formal credit to low- and middle-income (LMI) segments in India. It works on a joint liability model that relies on group leaders and members who avail credit through the platform. This blog explores the journey of Kosh and the positive impact it hopes to create on LMI segments.
Aug 11, 2021
Aug 11, 2021
Impact of COVID-19 on FinTechs
How has the pandemic affected Indian FinTechs? What measures have the policymakers taken? Are these measures impactful for FinTechs? What are the investor sentiments for this sector? This report, the first in a series of ongoing Covid-19 research on Indian FinTechs and the Indian FinTech ecosystem by MSC, answers these questions in the current market’s context.
Aug 5, 2020
Devraj Hom Roy, Anshul Saxena, Akshat Pathak, Shweta Menon and Pritam Patro
Aug 5, 2020
Devraj Hom Roy, Anshul Saxena, Akshat Pathak, Shweta Menon and Pritam Patro