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India’s MobiKwik Raises $50M for Its Mobile Wallet Service
The increase of smartphone ownership in India is fueling the rise of mobile wallets in the country. One company leading the charge, MobiKwik, has topped up its own funds with a $50 million Series C round announced today.
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- Technology
- Region
- South Asia
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How Drones Could Deliver Better Health
Drones are the sexy, mysterious tech craze that are often a butt of a joke, a vague solution or an ominous threat. But no matter how flashy, good technology should still solve concrete problems. Amid the hype of getting packages and pizzas delivered in half the time, what if drones could revolutionize transportation networks, connecting people to what they actually need the most?
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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A Single Call Could Reveal Health of Your Lungs
Indian-origin researchers have developed a new health sensing tool that can accurately measure lung function over a simple phone call made with any phone -- not just smartphone -- from anywhere in the world.
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- Health Care, Technology
- Region
- South Asia
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Mobile Wallets in India to Start Offering Small Amounts on Short-Term Credit
Your mobile wallet, which has been serving your need for instant cash in an electronic form for sundry transactions, will also empower you further with companies in the business planning to add an instant loan facility to their offerings.
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- Technology
- Region
- South Asia
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Cuba to Cooperate with China on Biotechnology, Pharmaceuticals
Cuba is set to enhance strategic cooperation with China in the biotechnology and pharmaceutical industries.
- Categories
- Health Care, Technology
- Region
- Latin America
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From Remittance to Startups, How Bitcoin Is Used in Africa
With the high mobile phone penetration already in place, Africa is set to enable more users to download a Bitcoin wallet on their devices.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Half of Mobile Money Accounts Inactive in Bangladesh
More than half of mobile money accounts have gone inactive, with the number rising every month, according to data from Bangladesh Bank.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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E-wallet Companies Struggle in India, as Initial Euphoria Dies Down
After a flurry of activity with almost two dozen companies launching prepaid wallets in the last couple of years, the initial euphoria around wallets may be dying down. Many players — with the exception of dominant Paytm or -owned Freecharge — concede that the numbers of wallet users is stagnating and companies are struggling to get existing users to transact more using their digital money.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech