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Viewpoint: Unified Payment Interface Will Be the Next Big Thing in Mobile Banking in India
Mobile payments just got a leg-up, thanks to the Unified Payment Interface (UPI), probably the only app of its kind in the world. Virtual wallet services have been around for a while now. UPI goes a step further and allows you to make payments by simply entering the payee's virtual ID on your smartphone and feeding the PIN the app requests. The money is debited directly from your account and transferred to the payee in a matter of minutes, without you having to provide either your bank details or the payee's bank IFSC code. In a few simple steps you can make transactions worth up to a lakh. The app on your phone need not be of the bank you hold your account in, but of any bank whose user experience you prefer. The same goes for the payee. But the transactions still take place between the underlying banks, without you even knowing about it. No need to worry about your credit card details being compromised.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Can Cash Lead the Revolution That the Humanitarian System So Badly Needs?
Recently, in a Liberian refugee camp, I met Christelle, a young mother who was recovering from the violence and insecurity in her home country of Côte d'Ivoire. In our discussions, she didn`t want to talk about her needs for shelter, psychosocial support, or the any of the humanitarian challenges I had come prepared to discuss. Instead, Christelle spoke of the unfamiliar food she had been given during an aid distribution, and the lack of options to feed her children. “My children are getting sick. I don’t know how to cook this, I need rice - please,” she said.
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- Uncategorized
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Public-Private Deal Rejuvenates Healthcare in Rajasthan – At a Cost
In the women’s ward, two newborns are sleeping beside their mothers, one of whom is happy because hers is a boy. The other is unhappy because her child is a girl, and her sixth daughter.
- Categories
- Health Care
- Region
- South Asia
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John Edwardson Gives $5 Million to Enhance Chicago Booth’s Social Entrepreneurship Program
University of Chicago Trustee and Chicago Booth alumnus John Edwardson has given an additional $5 million gift to his alma mater to support and expand its program for social entrepreneurs, which is part of Chicago Booth’s Social Enterprise Initiative. The newly established program will be called the Edwardson Social Entrepreneurship Program.
- Categories
- Uncategorized
- Tags
- philanthropy
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World Bank Launches $500 Million Insurance Fund to Fight Pandemics
The World Bank on Saturday said it was launching a $500 million, fast-disbursing insurance fund to combat deadly pandemics in poor countries, creating the world's first insurance market for pandemic risk.
- Categories
- Health Care
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Self-Injectable Contraceptives Could Be Life-Saver in Africa – Health Experts
Self-injectable contraceptives, which are being trialled in Uganda and Senegal, could revolutionise women's lives in rural Africa and dramatically cut maternal and newborn deaths, health experts said on Tuesday.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- vaccines
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Are Impact Investing and Women’s Leadership Connected?
As a follower of philanthropy, I am intrigued by leaders who seem to have a fundamentally unique vision. I am also intrigued by the idea that women's perspectives on leadership could be pivotal in tackling big problems in new ways.
- Categories
- Investing
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AstraZeneca Promises to Reduce Hypertension in Africa
To mark the World Hypertension Day, AstraZeneca, a global science-led pharmaceutical organisation, has committed itself to addressing the hypertension burden in Africa.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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