Page 39 - ஊழியர்கள் வருங்கால நிதி ஆர்கநைஸேஶந் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

WhatsApp is on its way to rolling out micro-pension products for the Indian masses In spite of a robust fintech ecosystem, no startup has attempted to cater to an underserved Indian market WhatsApp could be facing tough challenges as the low-income population lacks financial awareness and the habit of saving When messaging giant WhatsApp announced its foray into micro-pension products in December 2020, it turned out to be a first-of-its-kind initiative in the Indian fintech space. This is surprising, given the massive depth and reach of the sector. India has 2,000+ fintech startups, and they collectively raised more than $2.1 Bn in 2020, the year of the pandemic, which resulted in an unprecedented slowdown. Moreover, the requirement is already here. From a young demographic in its late 20s in 2019, the Indian population will comprise 20% senior citizens by 2050. Add to that poor financial literacy and a not-so-inclusive annuity market, and the reality looks grim enough. So, what

United statesSouth koreaMahindra comvivaAshutosh dabralParul seth khannaGautam bharadwajPradhan mantri jan dhan yojanaPradhan mantri shramMaandhan yojanaSrinivas nidugondiVivek belgaviAshneer groverPradhan mantri mudra yojanaNational pension schemeSeamen provident fund organisationWorld bank