How Coinbase can help you live a better life Coinbase is a method of digital currency exchange that deals with Bitcoin, Bitcoin cash, Ethereum and Litecoin in association with fiat currencies in about 32 countries and storage of Bitcoin transactions in 190 countries all across the world. With 11.7 million users, Coinbase is the leading platform for exchange of Bitcoins. Coinbase is one of the only platforms that has never been hacked. This stands as a testimony for the security it provides and maintains. Sub products of Coinbase Coinbase consists of two sub-products that is ‘Global Digital Asset Exchange’ which is used on a professional trading platform for digital assets.
.2 Theoretical Review 2.2.1 Financial Inclusion Theory Financial inclusion refers to the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular, at an affordable cost, in a fair and transparent manner, by mainstream institutional players. An inclusive financial sector is that which provides ‘access’ to credit for all ‘bankable’ people and firms, to insurance for all insurable people and firms, to savings and payment services for everyone, United Nations (2006). Inclusive finance does not require that everyone who is eligible use each of the services, but they should be able to choose them if
Online Payment Options For Paying HDFC Credit Card Bills HDFC bank provides a number of platforms, both online as well as offline to pay the outstanding credit card bills for its customers. So, customers can employ any of the convenient platforms out there to make their quick payments devoid of any hassles regarding failures or delays. HDFC does not charge you any addition fee for using the online credit card payment mode and users can therefore choose any mode, which best suits their requirements. Account holders of both HDFC and non HDFC can make use of any method for paying the outstanding dues over their HDFC credit card account. In case of non-HDFC banks, account holders can make their payments from nearly 49 other bank accounts by using this facility.
The analysis revealed the fact that banking plays a vital role in the economic development of a country. The Fast, effective and efficient banking system of a country does add value in the economic development of a country. The major finding of the study was that many bank customers are still not aware about all the services being provided by their bank, and those who have awareness, many out of them also don not avail or use the services they know about. This is quite a shocking revealing of this research, that even educated customers are so unaware about the hi-tech facilities they can avail. Another finding revealed that the bank almost as major as 50% bank customers agree to the fact that they have been in to some or the other kind of trouble or inconvenience due to the extended services.
It has become one of the most critical aspects in the context of inclusive growth and development of a country like India. Financial regulators like SEBI and RBI, government and banking sector has come forward to take initiatives for financial inclusion. The banking sector has an important role to play in the promotion of financial inclusion. An inclusive financial system means a system that recognizes both the market potential and the development opportunities. In India, Financial Inclusion first featured in 2005, when it was introduced in Mangalam Village where all households were provided banking
Credit cards are a highly effective to manage one’s finances and make purchases. Moreover, they offer a range of benefits in the form of rewards and special offers. Time to time a credit card helps an individual go for larger shopping and pay in instalments if they are unable to make the payment in one go. In the past few months, the initiatives on promoting a cashless economy has resulted in a tremendous increase in the use of credit cards amount the individuals. All public sector as well as private sector banks offer different categories of credit cards to their customers.
Credit cards are a highly effective to manage one’s finances and make purchases. Moreover, they offer a range of benefits in the form of rewards and special offers. Time to time credit card has helped individual go for shopping and pay in instalments if they cannot make the payment in one go. And now supporting the initiative of cashless economy, the use of credit cards amount the individuals have increased tremendously. Almost all the public sector as well as private sector banks offer different categories of credit card to its customers.
The main function of commercial bank is deposit, leasing, payment transaction of cheque and foreign exchange service. They actively promote and cultivate the saving habit, especially among the younger generation. It is also an important strategy to fight unnecessary inflationary pressures on the economy of the country. Commercial bank should adjust their interest rate reasonable enough to attract money saver in the bank. The service and facilities offered by the commercial bank should be readily available at reasonable cost.
In this system both private and government decision are important. The role of financial intermediaries in economic system Into the economies it is very important to exist channels through which the money from those who have savings can reach the ones who make investments and generally use it in a more productive way. The financial markets and the financial intermediaries have this role in the contemporary economic systems, by providing financial services that have two main objectives: reduce the costs of the money transfer between borrowers and lenders and make the proper distribution of capital resources in order to endure economic growth, safeguard liquidity and facilitate risk sharing. a) Definition of “financial intermediary” A financial intermediary is an entity that acts as a mediator between two parties in a financial transaction, business deal, investment etc. As financial intermediary is possible to act a commercial or investment bank, a broker or a consultant.
Similarly, in between 1939-1949, when 588 joint stock banks failed in various states eroding public deposits to the tune of Rs.26 crores, there was not even a miniscule impact on urban cooperative banks, presumably due to the fact that cooperative institutions were subjected to stringent regulation as compared to a lax supervision over commercial banks. It is indeed strange to note that commercial banks were governed by the Company Law applicable to ordinary non-banking companies. Very aptly, the Central Banking Enquiry Committee in 1931 had come to the conclusion that the provisions of Indian Companies Act were inadequate to deal effectively with banking malpractices and recommended comprehensive legislation. Although Companies Act was amended in 1936 and a separate Chapter relating to Banking Companies was added, the provisions therein were still found to be ineffective. This was a classic era of laissez fair banking and was a perfect Hobbesian state of nature.