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Indonesia Has Shut Down 826 Fintech Startups This Year Alone
Indonesia, home to more than 260 million, has emerged as a prized market for fintech startups as about 90% of its population don’t carry credit cards and majority has no access to formal banking services.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech, regulations, startups
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Report: Cambodia’s ‘Reckless’ Microfinance Industry Puts Economy at Risk
The groups' study, "Collateral Damage," questions whether the industry's reported nonperforming loan rate of 1.8% is kept low by such "human rights abuses" while highlighting the multimillion dollar returns made by microcredit institutions and their shareholders.
- Categories
- Finance
- Region
- Asia Pacific
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Cashless Payment Booms in China and India Spell End of the ATM
Driving the decline in brick-and-mortar financial services is the fall in cash transactions and growing use of cashless payments, including credit cards, contactless payments, cryptocurrencies and fintech-based services.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech
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Facebook’s Digital Money Plan Raises Stakes For China’s Cryptocurrency Ambitions
Facebook hopes to roll out Libra in the first half of 2020, presenting the most significant competition to China's cryptocurrency ambitions.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Myanmar Telco Frontiir Bags $30M From UK Development Finance Group
CDC's investment will help Frontiir connect over 2 million people on the internet in Myanmar.
- Categories
- Technology
- Region
- Asia Pacific
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Bill Gates and Former Bass Guitarist Aim to Change Health Care
The Gates Foundation makes its first equity investment in online health care with stake in Indonesia’s Halodoc.
- Categories
- Health Care, Technology
- Region
- Asia Pacific
- Tags
- startups
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In China, Mental Health Care Goes Virtual
This March, JAMA Psychiatry published what researchers say is the first ever randomized controlled trial of a therapist-free VR intervention of acrophobia, or fear of heights. It found the technology to be effective, inexpensive and well-received by patients.
- Categories
- Health Care, Technology
- Region
- Asia Pacific
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Singapore’s CredoLab to Power Digital Financial Inclusion in Sub-Saharan Africa
CredoLab’s alternative credit scoring solution comes at a critical juncture in the region’s focus on financial inclusion.
- Categories
- Finance
- Region
- Asia Pacific
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