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Study: Is India’s flagship financial inclusion initiative bearing fruit on the ground?
There is a big debate about the role of financial markets and products in shaping consumer welfare and real economic activity. In developed economies, there is an increasing discussion that financial sector may have become inefficiently large and products offered to households may have become excessively complex. In contrast, in many developing countries, like India, there has been a significant push to increase the usage of financial products – to “complete” the market. While there is some empirical literature on the former, evidence on the latter is scant.
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- Uncategorized
- Region
- South Asia
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India releases draft rules for mobile wallet companies
The draft mobile wallet guidelines which have been released for public consultation by the ministry of electronics and IT cover an entire spectrum such as protecting consumer information, especially financial data.
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- Technology
- Region
- South Asia
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WFP Launches First Mobile Cash Transfers For Humanitarian Assistance In Myanmar
The United Nations World Food Programme (WFP) has launched the first pilot programme using mobile cash transfers for humanitarian assistance in Myanmar. Between 27 February and 1 March, 112 conflict-affected internally displaced families in three camps in Myitkyina Township of Kachin State received a monthly electronic credit allocation of MMK 9,000 (US$ 7) per person for vulnerable households.
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- Technology
- Region
- South Asia
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India honors rural women on the front lines of its toilet campaign
As crowds gathered around the world yesterday to celebrate women, India’s Prime Minister Modi paid special honor to thousands of “women champions” who are fighting for a most basic dignity: toilets.
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- Health Care
- Region
- South Asia
- Tags
- public policy
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Small finance bank licensee Disha’s parent raises Rs500 crore
Fincare Business Services Ltd (Fincare), a financial inclusion platform, on Tuesday announced that it has closed a Rs500 crore transaction with investments from private equity investors TA Associates, True North, Tata Opportunities Fund and LeapFrog Investments.
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- Uncategorized
- Region
- South Asia
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Three Promising Practices for Management of NCDs in India
Common non-communicable diseases (NCDs), like diabetes and hypertension, are silent killers that plague a large percentage of the workforce and reduce productivity globally, posing a threat to the development of nearly any economy. NCDs account for over 38 million deaths every year, roughly 68% of the global deaths annually.
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- Health Care
- Region
- South Asia
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Cheaper and easier to handle, UPI apps pose challenge to e-wallets in India
Apps using the newly launched Unified Payments Interface (UPI) are threatening to dislodge the hold mobile wallets currently have on small & medium enterprises (SMEs) and retailers. Platforms like Goodbox, Shoptimize and Nowfloats, which help small ventures take their businesses online, say there's growing interest among these companies to test the UPI payment method.
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- Technology
- Region
- South Asia
- Tags
- digital payments
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Samsung Pay Mobile Payment Platform Goes Live in India
Samsung's mobile payment platform Samsung Pay has finally launched in India. The service was expected to make its debut in India for weeks now. The company on Monday confirmed to Gadgets 360 that mobile payments platform Samsung Pay was open for Early Access registrations in India, via the official Samsung Pay website.
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- Technology
- Region
- South Asia
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