March 8, 2021
Some of India’s leading startups, fintechs, large banks and corporates, alongside a few global financial giants and tech companies, have come together, all to grab a piece of India’s burgeoning payments market. Soon, the Reserve Bank of India (RBI) may grant some of them their wish to build and scale new ways for Indian consumers to transact.
While cash remains the dominant form of making transactions in the country, over the last few years the number of consumers and merchants transacting digitally has grown exponentially. This has to do with two factors one the falling cost of data and access to smartphones which enable digital transactions and the second, the increased access to financial services like bank accounts and credit. According to Credit Suisse, digital payments in India now clock an annual payment run-rate of $450 billion and constitute 30% of all retail transactions from 10% in 2018.
“FDI has grown to be an important source of capital for sustainable development in most developing countries. Nigeria’s development plan has always factored in the inflow of private capitals,” he said.
The Executive Secretary of the NIPC, Ms Yewande Sadiku, said the bulk of Nigeria’s investment opportunities sits in states.
Ms Sadiku said the commission compiled the “Book of States” to showcase the investment opportunities in subnational levels in the country.
She encouraged foreign investors, who are yet to invest in Nigeria, to do so as the investment opportunities in states are enormous.
The Head of Anambra State Investment Promotion and Protection Agency, Jide Ikeako, said the state has been successful in attracting investments.
H.E. Dr. Thani Bin Ahmed Alzeyoudi
The Annual Investment Meeting successfully launched Day 1 of AIM-EURASIA Digital Edition in collaboration with The Roscongress Foundation
This benefited a multitude of sectors, especially in frontier and emerging markets, creation of solid partnerships, unlocked more investment opportunities, and better international collaboration,” Mr. Dawood Al ShezawiDUBAI, UNITED ARAB EMIRATES, March 3, 2021 /EINPresswire.com/ The Annual Investment Meeting (AIM), successfully launched Day 1 of AIM-EURASIA Digital Edition, its first ever regional focus edition, on Tuesday, in collaboration with The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international events in Russian Federation.
Read more about Spurred by Budget, FPIs invest Rs 25,787 cr in Indian equities in Feb on Business Standard. The total net FPIs in 2020 now stand at Rs 45,260 crore, as per NSDL data
Foreign portfolio investments or “hot money” in the Philippines registered a net inflow of $98 million in January, the Bangko Sentral ng Pilipinas (BSP) reported Friday.