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Transforming the digital payment infrastructure in India
In the aftermath of demonetisation, millions of Indians have switched to digital modes of payment for their daily transactions. To fuel this momentum, the Union government has announced a slew of incentives further encouraging citizens to go cashless.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments
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Led by Alibaba Group, More Chinese Investment Continues to Flow Into Indian Startups
Lately, there is a bit of China in some of the top Indian startups, from e-commerce platform Snapdeal and mobile wallet giant Paytm to ride sharing company Ola and travel portal MakeMyTrip.
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- Technology
- Region
- South Asia
- Tags
- fintech
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Classroom Inventions That Help Save Lives
Sometimes what happens in college is not just practice for the real world, it can actually have a real impact beyond campus. Several student-led product development teams are saving lives through innovative healthcare designs.
- Categories
- Health Care, Technology
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China Launches $1.5bn Fintech Fund
A consortium of Chinese state-owned companies and private enterprises has created a $1.44 billion investment fund dedicated to fintech mergers and acquisitions.
- Categories
- Technology
- Region
- South Asia
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Mobile Technology Takes Fight Against HIV in Lesotho to the People
Maboe Ntsime remembers well the ordeal she used to go through to receive the regular treatment she and her six-year-old son, Motsamai, depend on as people living with HIV.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Notes Ban Set to Become Turning Point for India’s Mobile Wallet Sector
If one were to table a list of the happiest entrepreneurs in 2016, Paytm founder and CEO Vijay Shekhar Sharma would undoubtedly be on top.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Mexico’s Largest Bank Acquires Fintech Payments Startup Openpay
BBVA Bancomer, the largest financial institution in Mexico, has acquired Openpay, a payments Fintech startup based in Mexico that enables real-time payments for individuals, small businesses, and large enterprises. The acquisition comes after a collaborative partnership between the bank and the Openpay which saw the bank benefit by increasing its range of online payments solutions.
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- Technology
- Region
- Latin America
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Mobile Payments Outgrow Smartphones in India
With the government push for cashless transactions, after the demonetization of high-value currency notes, the electronic payments data released by the Reserve Bank of India presents an encouraging shift towards digital payments. The adoption of non-tradition digital payment mechanisms, i.e., payments made using Unstructured Supplementary Service Data (USSD) for mobile communications, Unified Payment Interface (UPI) and e-wallets is evident from the growth in volume of transactions and their value, albeit on a low base.
- Categories
- Technology
- Region
- South Asia