India’s Digital Lending Landscape The Indian Lending landscape has undergone a dramatic shift over the past few years. The legacy systems and practices that were prominent in this space are disappearing and getting replaced with digital processes that are powered by data and AI. This transformation has been further accelerated by the arrival of COVID-19 and the social distancing norms put to counter it.
Google Pay, PhonePe Lead Indian UPI Market in November, Drive 82% of All Transactions Google’s payment platform witnessed a little more than 960 million UPI transactions, while PhonePe, which was recently spun off into a separate entity by Flipkart, followed closely with 868.40 million transactions.
Chinese Digital Economy to Take 55% Share of GDP by 2025, Report Says As China strives to promote "dual circulation" development model to build up its economic resilience and that of the world, digital power will play an increasingly significant role in helping the country remove obstacles that impede its high quality development.
Chinese Smartphone Makers Shipped Three Out of Four 5G Phones Worldwide in Q2 2020 5G shipment continued its growth in China in spite of the decline in the overall smartphone market across regions, majorly driven by evolving consumer demographics, affordable 5G devices, and the proliferation of smartphone users.