-
Yet again, China’s Alibaba pumps Paytm with fresh funding of $200 mn
To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation of about $1 billion. Alipay, the payments affiliate of Alibaba, and investment firm SAIF Partners have also participated in the deal, reportedly.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
-
Biocon to partner with govt for better rural health facilities
In an attempt to build a scalable healthcare model that'll make affordable healthcare accessible to rural communities, the state department of medical, health and family welfare signed a memorandum of understanding (MoU) with Biocon Foundation, the CSR arm of the pharmaceutical company headed by Kiran Mazumdar-Shaw to establish eLAJ smart clinics in 15 primary healthcare centres (PHC s) across six districts in Karnataka.
- Categories
- Health Care, Technology
- Region
- South Asia
-
How Jack Ma’s Acquisition Of US-Based MoneyGram Could Be Good For Africans
China’s richest man, Jack Ma, and his acquisition of U.S.-based money transfer firm MoneyGram show the importance of remittances as a powerful driver of economic change at both the individual and international level, according to the competition.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Top 11 Reasons Why Fintech StartUps in South East Asia Fail
You have an incredible fintech balance marketable strategy. You gather your group and make your start-up. Here are ten regular missteps you ought to keep away from on the off chance that you need to have an opportunity to experience one more day in South East Asia.
- Categories
- Technology
- Region
- South Asia
-
Press Release: MicroSave – MasterCard Foundation advance digital finance services in Francophone Africa
MicroSave (www.MicroSave.net), in partnership with The MasterCard Foundation (MasterCardFdn.org), today, 2 February 2017, launched a new program to develop tailored training courses in digital financial services (DFS) in francophone markets of Africa. The program is expected to benefit over 250 DFS providers and will focus on the WAEMU region, the Democratic Republic of the Congo, and Madagascar. Additionally, a DFS knowledge portal in French will be launched as the go-to place for information on digital financial services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
FICCI Report Explores Promises and Challenges of FinTech in India
The Federation of Indian Chambers of Commerce and Industry (FICCI) published a new report in January called “Leveraging the FinTech Opportunities in India” to highlight a number of topics, including digital payments, digital banking, blockchain, and online lending, to name a few.
- Categories
- Technology
- Region
- South Asia
-
Report: Accelerating Financial Inclusion in South-East Asia
Promoting the use of formal financial services continues to be a challenge, and the depth of engagement varies with different financial products: Only 18% of adults use a bank account to receive wages or pay utility bills, and only 11% borrow from formal sources.
- Categories
- Technology
- Region
- South Asia
-
Rwandan Telecom Operator Launches Mobile Micro-Loans Service
Rwanda local telecom operator Tigo has launched a pilot phase of their mobile financial services platform that allows Tigo Cash users to access loans via their mobile wallets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- lending, mobile finance