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Indians are using mobile wallets more but for smaller purchases
As the Indian economy recovers, mobile wallet payments are continuing to accelerate. Their transaction value of over $3.6 billion in the first quarter of 2017 marked a 60% increase from the previous quarter, according to a new report from RedSeer Management Consulting.
- Categories
- Technology
- Region
- South Asia
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Fintech’s Coming to Trounce India’s Banks
India's banks, which still dominate the country's financial landscape, appear to have hardly a kick left in them. Stressed assets without any loan-loss cover now exceed $96 billion, McKinsey & Co. said last week. An overwhelming 91 percent, or $87 billion, of the provisioning gap is at state-run lenders, whose net worth would be wiped out if they took the hit on their capital.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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OpenInvest Asks Investors to Put Their Money Where Their Values Are
OpenInvest is grown 85 percent since its soft launch last September, so Tech.Co used their seed round announcement as an opportunity to have a chat with OpenInvest CEO and cofounder Conor Murray about just how OpenInvest’s unique approach to socially responsible investing works.
- Categories
- Investing, Technology
- Region
- North America
- Tags
- impact investing
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Paytm to start India payments bank operations from May 23
The company will transfer its wallet business, which has over 218 million mobile wallet users, to the newly incorporated entity -- PPBL -- under the payments bank licence awarded to a resident Indian, Vijay Shekhar Sharma, the founder of One97 Communications that owns Paytm.
- Categories
- Technology
- Region
- South Asia
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With Android Go, Google tries again at emerging markets
On Wednesday, at the Google I/O developer conference in Mountain View, California, Google said it's starting a new program, focused on phone software, instead of phones themselves. It's called Android Go (though that's just an internal name), and the goal is to make Google's blockbuster mobile software better cater to people on entry-level phones.
- Categories
- Technology
- Region
- South Asia
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85 Global Teams to Develop Transformative Technology Solutions for Women’s Safety
"We strongly believe that safety is a fundamental human right and should not be taken for granted. With the Women's Safety XPRIZE, we hope to unlock an exponential transformation in the way community members can empower safety for everyone through technology. We are delighted with the participation and look forward to seeing problem-solvers all over the world tackle this critical challenge as the competition unfolds," said Anu Jain, entrepreneur and champion for women's safety.
- Categories
- Technology
- Region
- South Asia
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Impact Investor Omidyar Network Shows Fintech must be more User Friendly
The report findings come as a result of in-depth interviews and human-centered design prototyping sessions with consumers across 30 communities in Nagaland, Bihar, Maharashtra, Karnataka, and Telangana, covering a mix of rural, semi-urban, and urban areas.
- Categories
- Investing, Technology
- Region
- South Asia
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Seattle nonprofit to battle cancer in Africa with help from biotech industry
Cancer now kills more than 600,000 people on the African continent each year, 50 percent more than malaria, which has traditionally been one of the biggest public health concerns in Africa.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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