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State Bank of Pakistan approves launch of the country’s first free mobile wallet service
Mobile payment app SimSim became Pakistan’s first free mobile wallet service after the State Bank of Pakistan (SBP) approved the official launch of the service – a move the company said would boost financial inclusion in the country.
- Categories
- Technology
- Region
- South Asia
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Meet Vikash Das, who left his high-paying job at IBM to help tribals become social entrepreneurs in India
Even as he was making big bucks at IBM, his heart yearned to do something for the tribal community in India. At a time when people at his age are focussed on career making and launching their startups, Vikash wanted to become a social entrepreneur and enable the tribal communities in eastern India as well.
- Region
- South Asia
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Ban on foreign funds for non-profit may hurt India health programs
Affected programs included those on eliminating black fever, HIV prevention, tobacco control and universal health coverage, PHFI wrote in the letter, which was reviewed by Reuters.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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Reserve Bank of India allows co-operative banks to issue mobile wallets
The Reserve Bank of India (RBI) has allowed co-operative banks, who are permitted to install ATMs and issue debit cards, to also issue prepaid payment instruments PPIs like mobile wallets.
- Categories
- Technology
- Region
- South Asia
- Tags
- mobile finance
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Unitus Seed Fund hires Milind Shah as healthcare venture partner
Early-stage impact-focused venture fund Unitus Seed Fund has roped in Milind Shah, the India managing director of global healthcare company Medtronic as its healthcare venture partner.
- Categories
- Health Care
- Region
- South Asia
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For India’s mobile wallet players, it’s survival of the fittest, not the fastest
"We have doubled in last seven months," says Upasana Taku, cofounder of the Gurgaon-based firm, which claims to have 55 million users and over 1.5 million merchants. We have a field force of thousand people, each acquiring 10 merchants every day, claims Taku.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments, fintech
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In 2 years, Indian government electrified 13,523 villages; only 8% were completely electrified
As of May 25, 2017, 13,523 villages have been electrified, but 100% household connectivity has been achieved in only 1,089 villages, according to data in the power ministry’s Grameen Vidyutikaran (GARV) dashboard.
- Categories
- Energy, Environment
- Region
- South Asia
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Inside India’s Plans To Leapfrog The Western Model Of Car Ownership
If successful, the shift would save the country $60 billion in diesel and gas costs in 2030. Instead of 170 million cars, the number expected with the current trajectory, there would be 77 million. CO2 emissions from passenger transport would drop 37% compared to the business-as-usual scenario; energy use in passenger transport would drop 64%.
- Categories
- Technology
- Region
- South Asia
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