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Cheaper and easier to handle, UPI apps pose challenge to e-wallets in India
Apps using the newly launched Unified Payments Interface (UPI) are threatening to dislodge the hold mobile wallets currently have on small & medium enterprises (SMEs) and retailers. Platforms like Goodbox, Shoptimize and Nowfloats, which help small ventures take their businesses online, say there's growing interest among these companies to test the UPI payment method.
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- Technology
- Region
- South Asia
- Tags
- digital payments
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RegTech for Regulators: Reimagining Financial Supervision and Policymaking
The authors – representing BFA, USAID, the Gates Foundation and Omidyar Network – say tomorrow's financial customers and service providers will be able to leverage technology to engage in a real-time, two-way conversation to quickly obtain information and resolve problems, benefitting consumers, regulators and financial institutions alike.
- Categories
- Finance, Technology
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First FinTech Fund for Inclusion of the Underserved Raises $141 Million
The first FinTech fund created to help the underserved has closed, reaching millions in capital contributions, which will go toward people and companies who need assistance in the financial sector.
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- Investing, Technology
- Region
- Sub-Saharan Africa
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Vodafone Slams Proposed Split of Kenyan M-Pesa as`Ridiculous’
Safaricom Ltd, East Africa’s biggest mobile-phone company, would have to reconsider future investment in Kenya if proposals to break up the company are implemented, the head of mobile money at parent Vodafone Plc said.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Land Rover’s Bespoke Discovery Comes With a Drone to Help Emergency Services
At this year's Geneva Motor Show, Jaguar Land Rover Special Vehicle Operations (SVO) has unveiled a bespoke version of its new Land Rover Discovery designed for use the Austrian Red Cross.
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- Health Care, Technology
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Samsung Pay Mobile Payment Platform Goes Live in India
Samsung's mobile payment platform Samsung Pay has finally launched in India. The service was expected to make its debut in India for weeks now. The company on Monday confirmed to Gadgets 360 that mobile payments platform Samsung Pay was open for Early Access registrations in India, via the official Samsung Pay website.
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- Technology
- Region
- South Asia
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US State Dept thinks Africa’s leading mobile money platform is vulnerable to money laundering
Mobile money providers like M-Pesa have disrupted traditional financial systems in many countries in ways conventional banks could only dream of. But, despite the significance of such services in the lives of millions of people, they remain vulnerable for use by money launderers, says a US Department of State report (pdf, pg.116).
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- Technology
- Region
- North America
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How Lattice Innovations fills the gap in healthcare by design
Three years ago, Chayan Chatterjee and his colleagues Soura Bhattacharyya and Sahil Mehta were heading the medical technology group at a Kolkata-based affordable-care provider.Their goal was to identify ways in which technology could be used to deliver high-quality, affordable care -a quest that took them to small towns and villages.
- Categories
- Health Care, Technology
- Region
- South Asia