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The surprising place where cash is becoming extinct
Somaliland, a self-declared republic in East Africa, faces high illiteracy and has an economy ravaged by a civil war. But it might just become the first cashless society on Earth.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Google is reportedly releasing a localized mobile payment service in India
The publication claims Google ‘Tez’ — meaning fast in India — will offer a comprehensive set of payment options beyond existing products like Google Wallet or Android Pay. Tez, for one thing, will include support for Unified Payments Interface (UPI) — a payment system backed by the government — and other consumer payment services including Paytm and MobiKwik.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Impact investing finds its place in India
The country’s market for purpose-driven finance could grow to $6 billion to $8 billion in 2025. What’s shaping the landscape?
- Categories
- Impact Assessment, Investing
- Region
- South Asia
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The Alchemist owner Palatine closes its largest ever impact investment fund at $132M
UK-focused private equity firm Palatine, which owns bar and restaurant chain The Alchemist, has closed one of the largest ever impact investment funds at a total of $1.3M.
- Categories
- Investing
- Region
- Europe & Eurasia
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What the inaugural Global Trends in Giving Report tells us about donors worldwide
Nonprofit Tech for Good has published its inaugural 2017 Global Trends in Giving Report, which aims to provide a better understanding of donors worldwide and their giving habits and preferences.
- Categories
- Investing
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India: TPG leads $161m funding round in Janalakshmi Financial
According to a company statement, TPG is investing a “significant amount”, while existing investors Morgan Stanley Asia-managed PE fund Treeline, QRG Enterprises and Vallabh Bhansali also participated in the latest round.
- Categories
- Investing
- Region
- South Asia
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China to Shut Bitcoin Exchanges
The policy shift in the world's No. 2 economy shows how nations are wrestling with bitcoin and its place in the financial system.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- blockchain, cryptocurrency
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The tumultuous journey of Bharat Financial Inclusion
Bharat Financial Inclusion, formerly SKS Microfinance and India’s first listed microfinance firm, faces a potential merger with IndusInd Bank, which some experts say is the only way for its survival.
- Categories
- Uncategorized
- Region
- South Asia
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