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Kenya’s Commercial Bank of Africa gears up for expansion into Rwanda
Rwanda’s central bank says it is processing a licence application by Commercial Bank of Africa (CBA) to enter the country by March. Rwanda’s central bank governor John Rwangombwa was quoted in a Rwandan publication saying the National Bank of Rwanda is in the final stages of licensing the Kenyan headquartered CBA to operate in the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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State Bank of India to launch its own version of digital only bank soon
The country's largest lender SBI will take the lead among state-run lenders to launch branch less banking. The latest launch from the lender - SBI Digi Bank will have a financial superstore, a market place and end to end digitisation for all products and services.
- Categories
- Technology
- Region
- South Asia
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The rise of the cashless city: ‘There is this real danger of exclusion’
Cities from Sweden to India are pushing for a totally cash-free society. But as more shops and transport networks insist on electronic payments, where does this leave the smallest traders and poorest inhabitants?
- Categories
- Technology
- Tags
- fintech
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Maharashtra govt endorses Paytm in circular issued to promote digital payment
Last month, All India Congress Committee (AICC) general secretary and Maharashtra in-charge Mohan Prakash sought to know how mobile wallet Paytm could place full-page advertisements in national newspapers hours after Prime Minister Narendra Modi announced demonetisation on 8 November.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- fintech
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“Impact investing” inches from niche to mainstream
WHEN investors gathered in Amsterdam in late 2016 for perhaps the largest annual conference on “impact investing”, the mood was upbeat. The concept of investing in assets that offer measurable social or environmental benefits as well as financial returns has come a long way from its modest roots in the early 2000s.
- Categories
- Impact Assessment, Investing
- Tags
- ESG, impact investing
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India Is a Hotbed of Financial Inclusion
As Chief Operating Officer of Accion, a non-profit organisation that lends to and invests in ventures in the financial inclusion and financial technology sectors, Esteban Altschul has a ringside view of developments across the globe in these areas.
- Categories
- Technology
- Region
- South Asia
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Indonesia comes out with regulations for P2P lending platforms
Following the release of e-commerce roadmap in November, Indonesia ended 2016 by coming out with a new set of rules for the fintech sector, specifically regulating peer-to-peer (P2P) lending platforms. The policies had long been anticipated by players, who had been working closely with the Indonesian financial services authority (OJK) to come up with rules governing lenders and borrowers.
- Categories
- Uncategorized
- Region
- South Asia
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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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