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Android Pay now used for international P2P transfers, courtesy of WorldRemit
This is a first for Android Pay, which up to now has been used for in-app and contactless payments and to make P2P transfers to people in the same country, but never international P2P money transfers.
- Categories
- Technology
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How innovations in AI, virtual reality are advancing healthcare in India to new frontiers
After a few more interactions, Ravikumar’s apprehensions began to wear out. Screening by AI, she sensed, could help her examine more samples in less time as the algorithm would allow her to concentrate on the ones that require her expertise. “In the hands of clinicians, it will become a force multiplier, it will make them supermen,” said Adarsh Natarajan, cofounder of AIndra.
- Categories
- Health Care, Technology
- Region
- South Asia
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Thailand’s Largest Bank Launches $30 Million FinTech Fund ‘Beacon’
As Thailand’s largest bank by revenue, Kasikorn’s foray to back and invest in FinTech startups underlines the growing appetite for digital banking in the country. Between April and September 2016, the Bank of Thailand – the country’s central bank – revealed a marked 26% uptick in commercial mobile and internet banking transactions.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- fintech
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New investment initiative for African startups
Orange Digital Ventures Africa is the Group’s investment vehicle for early-stage innovation projects in Africa in areas such as new connectivities, FinTech, the Internet of Things, energy and e-health.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, innovation
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Safaricom Plans Mobile-Money Roll-Out After Vodafone Stake Sale
“Before the end of the year, I would expect to have something to roll out,” Collymore said June 8. Safaricom may seek to agree to platform-sharing deals with competitors such as MTN Group Ltd. to expand M-Pesa rather than set up in new countries, he said.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Press Release: Ten American Inventors Named Finalists in First Global Competition for Hardware with a Social Purpose
Ten social-minded American inventors will present their design prototypes in Washington, D.C. on June 22. They are among 28 finalists selected from more than 150 submissions from South Asia, Africa and the United States. Three grand prize winners have already been named in both Bangalore on April 27 and Nairobi on May 25.
- Categories
- Technology
- Region
- North America
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Naspers pours $5M into Coins, a fintech startup for Southeast Asia’s unbanked population
Coins is focused on offering financial services for the unbanked in the Philippines and Thailand. It uses the blockchain as its underlying technology to facilitate transfers and remittances. It announced the new funding — which comes via the Naspers Ventures division — as an extension to the $5 million Series A round that it closed last October.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Mobile money flourishing in Myanmar
Young migrant workers throughout the country use mobile money to make remittances to families back home. In Myanmar, only 20% of the population has a bank account. Thus, unbanked people often just carry stacks of cash when returning home.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- remittances
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