-
Press release: TRANSFAST Partners With Bangladesh BRAC Bank and bKash Mobile Wallet for Global Money Transfers
Bangladeshi expatriates around the world can now send cross-border remittances to bKash Mobile Wallet users at any of TRANSFAST'S 200,000 payout locations in more than 120 countries. The funds can be either cashed out via bKash agent locations in Bangladesh, or can be utilized to make person to person fund transfers, top-up mobile airtime, pay bills, and shop in-store. TRANSFAST is the first money transfer company to partner with bKash to provide this service in Bangladesh.
- Categories
- Finance
- Region
- South Asia
-
Malware threatens India’s mobile banking revolution
Digital transactions, currently running around 900 billion rupees ($14 billion) a month, are a tempting target for cyberthieves, who have created malware targeting digital banking customers.
- Categories
- Finance, Technology
- Region
- South Asia
-
Ant Financial and the Greening of Fintech
The fintech boom has certainly re-shaped the way business is done and fashioned societal shifts in China’s consumer market; it is changing behaviors. Can the fintech boom also create opportunities to help spur sustainable development?
- Categories
- Environment, Finance
- Region
- Asia Pacific
-
China’s cryptocurrency crackdown cost bitcoin company BTCC tens of millions in revenue: ‘It was in the realm of our worst possibility’
BTCC founder and CEO Bobby Lee told Business Insider: "We always knew it was a risk that the Chinese government would look unfavourably on bitcoin and put some strong rules around it.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- cryptocurrency, fintech
-
Expanding Financial Access Means Expanding Security – How ‘Tokenization’ Could Be the Key
When Experian was hacked last fall, the breach exposed the social security numbers of 143 million people in the U.S. Shortly thereafter, in South Africa, approximately 30 million citizens' identity numbers and financial information were hacked and leaked on the internet. As more people in emerging economies are equipped with personal identification numbers for digital financial services, the need for securing sensitive data grows exponentially. Suresh Rajagopalan of FSS touts tokenization as a remedy – and outlines some challenges it presents.
- Categories
- Finance
-
IMF Urges International Cooperation on Cryptocurrency Regulation
The IMF, the United Nations’ organization for global monetary cooperation, financial stability and economic growth, is pushing a “greater international discussion and cooperation among regulators” globally to form policies on cryptocurrencies, CCN.com reported.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
-
India’s coming UPI battle in mobile payments
All non-cash transactions (immediate payment service, electronic clearing service and national electronic funds transfer, credit and debit cards, usage at point-of-sale, all prepaid instruments, m-wallets and mobile banking) in December 2016 grew by 28% from the October figure— sharply higher than the 10% in the preceding months.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
-
Indian Government to Provide More Money in Next Edition of Jan-Dhan Yojana
The Indian government is all set to extend the Pradhan Mantri Jan-Dhan Yojana, possibly doubling the overdraft amount under the scheme and using it to give loans to promote entrepreneurship.
- Categories
- Finance
- Region
- South Asia
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.