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Mexico’s Largest Bank Acquires Fintech Payments Startup Openpay
BBVA Bancomer, the largest financial institution in Mexico, has acquired Openpay, a payments Fintech startup based in Mexico that enables real-time payments for individuals, small businesses, and large enterprises. The acquisition comes after a collaborative partnership between the bank and the Openpay which saw the bank benefit by increasing its range of online payments solutions.
- Categories
- Technology
- Region
- Latin America
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Mobile Payments Outgrow Smartphones in India
With the government push for cashless transactions, after the demonetization of high-value currency notes, the electronic payments data released by the Reserve Bank of India presents an encouraging shift towards digital payments. The adoption of non-tradition digital payment mechanisms, i.e., payments made using Unstructured Supplementary Service Data (USSD) for mobile communications, Unified Payment Interface (UPI) and e-wallets is evident from the growth in volume of transactions and their value, albeit on a low base.
- Categories
- Technology
- Region
- South Asia
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India’s Largest Mobile Wallet App Paytm Gets Regulatory Nod to Operate Its Own Payments Bank
India’s largest mobile wallet service now has its own payments bank. Paytm announced today it has received regulatory approval from the Reserve Bank of India for launching Paytm Payments Bank, a move that "changes everything" for the company.
- Categories
- Technology
- Region
- South Asia
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Microsoft and partners launch Intelligent Network for Eyecare in India
Microsoft India and the L V Prasad Eye Institute recently launched the Microsoft Intelligent Network for Eyecare (MINE), a global consortium of commercial, research and academic institutions who have joined hands to apply artificial intelligence to deliver eye care services and help eradicate preventive blindness.
- Categories
- Health Care
- Region
- South Asia
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Indian Prime Minister Modi launches UPI-based mobile payment app
Urging people to make digital payments a "habit" to make the country a cashless economy, Prime Minister Narendra Modi on Friday launched a mobile app for the Unified Payment Interface (UPI).
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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Kenya’s M-Pesa platform is so successful regulators worry it could disrupt the economy
A sizable portion of Kenya’s economy is now deeply ingrained in the platform to levels that are starting to concern officials on the economic consequences in the event of system-wide collapse or compromise.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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World Bank Invests in Myanmar’s Financial Inclusion, $100M in Credit
The World Bank established the Financial Sector Development Project to support Myanmar’s SMEs — the latest sign of progress in the country’s economy.
- Categories
- Investing
- Region
- South Asia
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Retirement Plan Sponsors Remain Cautious on Impact Investing and ESG
2016 was an effective year for providers and recordkeepers searching to incorporate socially and environmentally conscious investment themes; yet fear of fiduciary risk and industry jargon are slowing progress among defined contribution (DC) plans.
- Categories
- Impact Assessment, Investing
- Region
- North America
- Tags
- ESG, impact investing
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