-
Uber rival Grab acquires Indian startup to bulk up its mobile payment platform
The deal — which is undisclosed — will see iKaaz’s engineering team join the Bangalore-based engineering office which Grab opened last year. The firm declined to say how many new recruits are moving over from iKaaz, but a spokesperson disclosed that Grab currently has 75 engineers in Bangalore with plans to grow the number to 200 before this year.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- digital payments, startups
-
Cambodia Has Its Own Mobile Payment App, But Will It Catch On Beyond Phnom Penh?
Pi Pay, although little-known outside of its native Cambodia, has scaled quickly to become a ubiquitous digital wallet solution and the first e-commerce app to gain real traction in a city where many residents still refuse to trust credit cards and banks.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
-
Getting Real About Innovation: Why Accion’s U.S. Network Made the Leap to Digitize its Lending Operations
Technology can boost small businesses' access to finance, but can also risk trapping them in a cycle of debt. And for lenders serving lower-income entrepreneurs, these risks and rewards are more acute. Gina Harman, CEO of Accion’s U.S. Network, discusses its ambitious efforts to digitize lending operations across its national online platform in this podcast Q&A, exploring how established organizations can adapt to emerging technologies – without compromising their missions.
- Categories
- Finance
-
Fintech must serve the real economy, Chinese regulator says
In a speech at the Asian Financial Forum on Monday, Jiang Yang, vice chairman of the China Securities Regulatory Commission, said the development of fintech should support the wider economy, instead of profiting only "a small group of people."
- Categories
- Finance
- Region
- Asia Pacific
-
IFMR group looks to appoint investment banks for share sale
IFMR group, which provides financial services to lower income population and the companies serving this segment, plans to go public and is in talks to hire investment banks for the same, two people aware of the development said.
- Region
- South Asia
-
McDonald’s Philippines goes cashless with PayMaya
Over 40 McDonald’s restaurants nationwide have started accepting card payments for all types of Mastercard and Visa credit, debit, and prepaid cards, through a collaboration with PayMaya Philippines.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
-
Growing Success of Telkom and Equitel Could Shift Kenya Mobile Money Dominance Debate
As Kenya waits for the publication of the controversial report on market dominance by the Communications Authority of Kenya (CAK), latest data from the Telecoms regulator shows that rivals can eat into Safaricom’s market share. The total mobile subscriptions recorded by Telkom Kenya jumped by 18.5 per cent to stand at 3.4 million from 2.8 million reported in the previous period, according to the first quarter report covering July and September 2017.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Bono’s Fund Makes Its First Fintech Investment, Backing Acorns
Financial technology startups are grabbing a greater share of capital from investors. Now Bono is getting in on the action.