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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.
- Categories
- 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
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India’s Largest Mobile Wallet App Paytm Gets Regulatory Nod to Operate Its Own Payments Bank
India’s largest mobile wallet service now has its own payments bank. Paytm announced today it has received regulatory approval from the Reserve Bank of India for launching Paytm Payments Bank, a move that "changes everything" for the company.
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- Technology
- Region
- South Asia
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Indian Prime Minister Modi launches UPI-based mobile payment app
Urging people to make digital payments a "habit" to make the country a cashless economy, Prime Minister Narendra Modi on Friday launched a mobile app for the Unified Payment Interface (UPI).
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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Kenya’s M-Pesa platform is so successful regulators worry it could disrupt the economy
A sizable portion of Kenya’s economy is now deeply ingrained in the platform to levels that are starting to concern officials on the economic consequences in the event of system-wide collapse or compromise.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Kenya’s Online Shopping Space Gets More Competitive
Kenya’s online shopping space is bracing for more competition in 2017 with more investors rolling out platforms to make buying and selling of goods and services easier.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Staying and ideating together, the start-up way
A young and successful Kerala-based entrepreneur is leading by example and piloting an ‘impact sourcing’ project in the State. Also known as socially responsible outsourcing, ‘impact sourcing’ is an arm of the business process outsourcing industry that employs people from the base of the pyramid.
- Categories
- Impact Assessment, Technology
- Region
- South Asia
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