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MUMBAI (Reuters) – Prime Minister Narendra Modi launched a property card scheme on Sunday that he vowed would provide clarity of property rights in villages and enable farmers to use their property as collateral for loans from financial institutions.

Two-thirds of India’s population lives in rural areas, where few possess proper land records and property disputes are common.

“This is a historic effort towards rural transformation,” Modi said in a webcast speech while launching the programme.

The government plans to use drone technology to map land parcels in rural areas and cover some 620,000 villages over the next four years, Modi said.

“Despite owning houses, people were facing multiple problems while borrowing from banks. These people can now borrow very easily from banks after showing property cards issued under ownership scheme,” Modi said.

An initial batch of 100,000 people from over 750 villages across six states will begin to receive

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a stereo on a table: Razer


© Razer
Razer

  • Gaming company Razer is launching a prepaid credit card with Visa in Singapore.
  • The card is virtual, similar to the Apple Card, but users can request a premium physical card that lights up when you make payments.
  • Razer is the latest tech company to branch out into the personal finance space, along with Apple and Samsung.
  • Visit Business Insider’s homepage for more stories.

First there was the Apple Card, now there’s the Razer Card.

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Gaming company Razer just unveiled the Razer Card, a prepaid credit card it created with Visa that will be available in beta in Singapore. Razer previously announced its ambitions to build a prepaid card in partnership with the payments giant last year, but unveiled the card and beta program on October 5.

Similar to the Apple Card, the Razer Card is a virtual card that can be accessed via the company’s

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Investment bank Cowen forecasts that Apple’s payment services, like Apple Pay, are well-positioned to take advantage of the growing fintech and retail markets.

In a note to investors seen by AppleInsider, lead analyst Krish Sankar notes that Apple’s digital payment platforms are a “fast growing but underrated part” of the company’s services business. The category includes Apple Pay, Apple Card, and Apple Pay Cash.

All three payment services have, collectively, shown growth of around 100% year-over-year, the analayst said. The ongoing coronavirus pandemic also appears to have accelerated growth and adoption of the financial technology (fintech) services.

“While Apple has portrayed these digital services as complementary to its mobile hardware platforms, we believe future scaling out of these services globally coupled with increasing depth and sophistication of them could position Apple as an emerging contender in the fintech space,” Sankar writes.

Within Apple’s fintech segment, the analyst expects Apple

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IDEMIA, the global leader in Augmented Identity, helps FinTechs launch card programs rapidly with the IDEMIA Fintech Accelerator Card Program, a dedicated program from onboarding to card issuance.

In the context of a rapid transformation of the banking industry, IDEMIA, the global leader in Augmented Identity, supports FinTechs and neobanks with the launch of the Global Fintech Accelerator Card Program. This new program allows a rapid process from cardholder onboarding – to card issuance.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005366/en/

(Photo: Business Wire)

IDEMIA’s leadership in card manufacturing, as the number 1 global FinTech card issuance partner, is based on a solid experience of a global dedicated FinTech team and a network of 30 Service Centers in 26 countries around the world. FinTechs can leverage the capability and know-how of IDEMIA to enable card issuance into the marketplace anywhere in the world.

Over the years,

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