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India ranks behind five African countries in Financial and Digital Inclusion says Brookings study
While at first glance it may sound disappointing that India lags behind five African countries in Financial and Digital inclusion, a closer look at the data reveals great news for Indian companies which are in the financial services and the digital space.
- Categories
- Technology
- Region
- South Asia
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How Blockchain Is Kickstarting the Financial Lives of Refugees
Finland’s digital money system for asylum seekers shows what blockchain technology can offer the unbanked.
- Categories
- Technology
- Region
- Europe & Eurasia
- Tags
- blockchain, fintech, refugees
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Report says India is about to overtake China’s fintech
At more than twice the global average, China is currently the world leader in fintech service adoption, but current second-place India is expected to surpass its neighbor according to a report by EY (formerly Ernst & Young), a global accounting and consulting firm.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Aadhaar Pay yet to find base in India
Going beyond knowing your customer (KYC) application, have payments via Aadhaar taken off? According to recent figures, a majority of Indians are still using Aadhaar only for e-KYC verification and not day-to-day payments.
- Categories
- Technology
- Region
- South Asia
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Fintech can cut remittance costs to a fraction
An estimated 800m people around the world are now directly reliant on remittances. According to research by the International Fund for Agricultural Development, global remittances to developing countries increased by 51% between 2007 and 2016 to reach almost half a trillion dollars a year – although the number of migrant workers from the countries in question rose by only 28% over the period in question.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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The gap between India’s richer and poorer states is widening
East Asia’s growth pattern has for decades been likened to a skein of geese, from Japan at the vanguard to laggards such as Myanmar at the rear. The same pattern can often be seen within big countries. Over the past decade, for example, China’s poorer provinces have grown faster than their wealthier peers. India is different. Far from converging, its states are getting ever more unequal. A recent shake-up in the tax system might even make matters worse.
- Categories
- Technology
- Region
- South Asia
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The low-cost device saving newborns in India
Birth asphyxia – lack of oxygen – is the cause of 20% of newborn deaths in India. A simple piece of equipment is helping revive babies and prevent long-term damage.
- Categories
- Health Care, Technology
- Region
- South Asia
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Uganda’s clinicPesa helps people save money for healthcare
Ugandan startup clinicPesa is employing its micro-savings platform to help users set aside dedicated healthcare funds to tackle the lack of access to traditional health insurance.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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