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John Mcafee and Kohli Brothers all set to launch India’s biggest blockchain company
BitIndia Wallet is a blockchain wallet, which is a reorganised platform for the people of India, where they can store and make payments via digital currencies. BitIndia has its eyes set on bringing more Indians into the blockchain, by making them aware about cryptocurrencies, and offering a reliable and assured platform for the trade of blockchain and digital currencies in India.
- Categories
- Finance, Technology
- Region
- South Asia
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WorldRemit nabs $40M at a $670M valuation to boost its money transfer business
WorldRemit, a London-based startup with some 2 million users that offers a quick way for people to send money to each other with a focus on developing markets, has raised more funds to help it take on the likes of Western Union in the remittances market, estimated by the World Bank to be worth some $596 million globally this year, and ramp its user number to 10 million.
- Categories
- Finance
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Partners Release Study On Attitudes To Mobile Money In Africa
The study focuses on four countries of varying degrees of DFS market maturity: Cameroon, Democratic Republic of Congo, Senegal and Zambia. It is a knowledge product of the Partnership for Financial inclusion, a $37.4 million joint initiative of IFC and the Mastercard Foundation, to advance financial inclusion in Sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Environmental Case Against Bitcoin
No one may be using Bitcoin, but we’re all paying for them. Bitcoin analyst Alex de Vries, otherwise known as the Digiconomist, reports that the coin’s surge caused its estimated annual energy consumption to increase from 25 terawatt hours in early November to 30 TWh last week—a figure, wrote Vox’s Umair Irfan, “on par with the energy use of the entire country of Morocco, more than 19 European countries, and roughly 0.7 percent of total energy demand in the United States, equal to 2.8 million U.S. households.”
- Categories
- Energy, Environment, Finance
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In India, digital payments are changing the game for women entrepreneurs
Across the country, the Indian government has championed entrepreneurship and embraced innovation in high-growth industries, particularly financial technology. Significant infrastructure upgrades, advancements in biometric technology, multiple channels, new platforms, and an enabling regulatory environment have laid the foundation for the country’s broader digital financial ecosystem to take root and change the game for women entrepreneurs.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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Arun Jaitley launches Paytm Payments Bank, vouches for digital payments
Finance Minister Arun Jaitley, during the inauguration of the Paytm Payments Bank on Tuesday, said the modern technology had changed the entire dynamics the way banking was done in the country.
- Categories
- Finance
- Region
- South Asia
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Flipkart leans on fintech for profitability, says Bansal
Flipkart group chairman Sachin Bansal said the company’s focus on financial technology solutions will help drive the platform towards profitability.
- Categories
- Finance, Technology
- Region
- South Asia
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Uber signs partnership with Vietnam’s leading e-wallet firm
The partnership is Uber's first deal with a fin-tech company in Southeast Asia. It aims to catch up with regional rival Grab, which has its own e-wallet service.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech