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Perspective: Will Facebook Make Crypto Relevant For The Underserved?
Earlier this month, the WSJ reported that Facebook is building a team and getting its crypto ducks in a row to launch a “cryptocurrency-based payments system on the back of its gigantic social network.” Public details on the effort are thin and may have been outshone by news that one of Facebook’s co-founders is calling for the company to break up. But the fintech world is predictably aflutter about the perils and opportunities of a brand new digital coin that could allow users to hold and send money safely and securely to nearly every socially networked person on the planet.
- Categories
- Finance, Technology
- Region
- South Asia
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India Is Shutting Down ATMs Even as People Use Them More
India already has the fewest ATMs per 100,000 people among BRICS nations, according to the International Monetary Fund.
- Categories
- Finance
- Region
- South Asia
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India’s Technology Sector Driving Economy
The shift is attributed to a sharp rise in hiring by existing and new global in-house centres (GCCs) due to technology innovation activities in India for their global markets.
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- Technology
- Region
- South Asia
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Payments Banks: How RBI’s Move for Financial Inclusion Quickly Went Downhill
In theory, RBI wanted to extend organised banking services to those left unbanked by traditional lenders.
- Categories
- Finance
- Region
- South Asia
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How Effective Is India’s Government, Compared with Those in Other Emerging Markets?
The number one issue for Indian voters, according to multiple surveys, is jobs. While India has a long way to go in building the requisite levels of job-ready skills and education in the country’s abundant labor pool, it performs the strongest among the EM5 in Talent Development as well as on other key questions we sought answers to as part of our analysis.
- Region
- South Asia
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Viewpoint: The Ups and Downs of India’s Digital Transformation
In an analysis we wrote in November 2017, we argued that demonetization was only part of India’s larger, strategic digital transformation. Since then, the institutional and economic evolution in India has accelerated in many ways and some of that change has been reactive and corrective.
- Categories
- Finance, Technology
- Region
- South Asia
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Micro-Lending Startup Ftcash Raises $7.23 Mn Series A Funding
Founded in 2015 by Sanjeev Chandak, Deepak Kothari and Vaibhav Lodha, Ftcash provides short-term loans to merchants. The startup plans to use the funds to accelerate product development and drive its expansion efforts.
- Categories
- Finance
- Region
- South Asia
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India Unseats China as Asia’s Top Fintech Funding Source
Like China, India’s enthusiasm for finance technology is in part a result of the country’s lack of financial infrastructure. Lending startups are gathering steam as they, like their Chinese counterparts, tailor services to the country’s large unbanked and underbanked consumers and enterprises.
- Categories
- Finance
- Region
- South Asia
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