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MFIN launches mobile app to spread financial literacy
MFIN, an association of the microfinance industry in India, today launched a financial literacy mobile app for clients. The multi lingual financial literacy app will act as a guide and ready reckoner for the clients, said Microfinance Institutions Network (MFIN), which mainly caters to underbanked and unbanked population in the country.
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- Technology
- Region
- South Asia
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Tamil Nadu Govt Plans A $77 Mn VC Fund In Bid To Build The Next Top Tier Startup Hub
“She is a quaint city with quirky street names…She offers global cuisines on roadside carts, Piping hot idlies at the stroke of midnight… Is it denims,dry fruits or spices you want? Books, electronic or musical instruments? Name it and she will let you have it… She is the modernity that villages lack and the tradition long forgotten by cities.” – Source: YourQuote.in
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- Uncategorized
- Region
- South Asia
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This Is How Cryptocurrencies & Blockchain Could Solve Asia’s Financial Inclusion Issue
In 2016, staff members within the International Monetary Fund (IMF) suggested that virtual currencies could promote financial inclusion. The IMF issued the standard cautions about how virtual currencies (VCs) might be used for money laundering, terrorism and other nefarious purposes. But it also wrote that, “VCs offer many potential benefits, including greater speed and efficiency in making payments and transfer--particularly across borders--and ultimately promoting financial inclusion.”
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- Technology
- Region
- South Asia
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Nomura launches fintech partnership in India
As part of its attempts to encourage entrepreneurship in the financial market space, Japanese financial major Nomura has launched its 'Voyager -Nomura FinTech Partnership' in India. The global financial major is inviting entrepreneurs to participate in the program to build innovative solutions for capital markets and investment banking that can be deployed across the firm and financial industry, said a statement issued by the company.
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- Uncategorized
- Region
- South Asia
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Campaigners refuse to throw in the towel over India’s ‘tax on blood’
In India, it is a subject usually spoken about in whispers or behind closed doors. But after a social media campaign by a local politician, Bollywood stars, comedians and writers have joined thousands of people in tweeting videos of themselves urging finance minister Arun Jaitley to scrap sales taxes on sanitary towels.
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- Health Care
- Region
- South Asia
- Tags
- public health
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India social enterprise investment to lift
Social enterprises in India could attract up to $US8 billion ($A10.7 billion) in investment by 2025, eight times more than in 2015, due to the scale of social needs and available capital in the fast-growing economy, a study by consultancy firm McKinsey & Company shows.
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- Impact Assessment, Investing
- Region
- South Asia
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- impact investing
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IMF Brings Down India Forecast Post-Demonetisation
IMF Managing Director Christine Lagarde on Thursday said India growth forecast has been revised down to 7.2 percent for 2017 due to the impact of demonetisation, which had affected the credit lines and repayments situation in rural areas. Addressing a press conference, Ms. Lagarde said, "We had slightly revised down our projection as a result of the demonetization process that had been announced a little bit unexpectedly, actually."
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- Uncategorized
- Region
- South Asia
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Fintech: Africa welcomes emerging fintech startups
Given financial technology is about smart, innovative, flexible start-ups looking to eat away at traditional financial firms’ intermediary roles, it is not surprising that Africa, with its woefully inefficient banks and sclerotic infrastructure, is feeling the full force of the fintech wave. According to industry players, there is a hive of fintech activity now in most major capitals of Sub-Saharan Africa.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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