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Opinion: India’s demonetisation drive has boosted banks and start-ups, but it’s still a failure
When Indian Prime Minister Narendra Modi announced the withdrawal of ₹500 (US$7.40) and ₹1,000 (US$15) banknotes from circulation in November 2016, the government said its demonetisation drive would curb India’s shadow economy and suppress the use of illicit and counterfeit cash in the economy.
- Categories
- Technology
- Region
- South Asia
- Tags
- failure
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Visa Says Malaysia Is the Next Big Mobile Payments Market
Finding the next big growth market is a challenge for pretty much anybody, and mobile payments firms are no different.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Securitization portfolio of Indian microfinance industry plummets in Q3 due to note ban
The cash-intensive microfinance industry’s securitisation portfolio plummeted in the quarter ended December because of demonetisation, according to a report released on Thursday by Microfinance Institutions Network (MFIN).
- Categories
- Technology
- Region
- South Asia
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Meet The App That’s Empowering The Women Of Myanmar To The Bank
Financial inclusion is a topic of growing importance in countries such as Myanmar, where advances in tech are rapidly changing the dynamics in how people access financial products. As I wrote in 2016, fintech companies are capitalizing on Myanmar’s rapid development and increasing smartphone and internet penetration by offering digital financial products.
- Categories
- Technology
- Region
- South Asia
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India wants to make credit and debit cards obsolete for payments
Ever since India invalidated much of its cash, it has been encouraging its citizens to switch to mobile wallets and other epayment solutions. Today, it took another step in pushing its citizens to embark on the cashless payment solutions — but early boomers aren't going to like it. The Indian government has launched BharatQR Code to enable people to pay for things they purchase without swiping their plastic cards. Instead, merchants can ask shoppers to scan a QR code and make payments directly from their bank account.
- Categories
- Uncategorized
- Region
- South Asia
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Nestle India finds a sweet spot in elderly Indians
In the next two quarters, Nestle India will introduce healthcare products suitable for nutritional needs of the ageing population.
- Categories
- Health Care
- Region
- South Asia
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Improved Cookstoves Boost Health and Forest Cover in the Himalayas
Environmental organisations like Bangalore-based Ashoka Trust for Research in Ecology and Environment (ATREE) are helping mountain communities minimise the health and environmental risks involved in using firewood for cooking in confined places.
- Categories
- Health Care
- Region
- South Asia
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Safe toilets help flush out disease in Cambodia’s floating communities
Open defecation in villages on Tonlé Sap lake contributes to sickness, pollution and drownings. Now, a pathogen-filtering toilet looks set to change lives.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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