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India’s cash conundrum: how ready is India to go cashless?
When the Indian government invalidated high-value banknotes on the night of 8 November, taking out 86% of the currency in circulation by value, it was supposed to be a war on unaccounted-for and untaxed wealth, counterfeit notes and terror financing.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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The Connected Ambulance To Be Presented By Thuraya
The exhibition, taking place at Dubai World Trade Center from January 30 to February 2, will include daily, live demonstrations of the Connected Ambulance. These demonstrations will be presented in collaboration with Scotty, a solutions provider and manufacturer of communications solutions, and AVM Auto Engineering, a company specializing in custom solutions for purpose built vehicles.
- Categories
- Health Care, Technology
- Region
- South Asia
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How small borrowers in six Indian villages went digital
In a first-of-its-kind initiative in micro-finance post-demonetisation, 60,000 small borrowers from six small villages in Odisha are leading the way towards cashless transactions. This was made possible thanks to a pilot done by Bharat Financial Inclusion (formerly SKS Microfinance) for cashless and paperless disbursals.
- Categories
- Technology
- Region
- South Asia
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India’s MFI sector yet to get over demonetisation impact
The microfinance industry is still facing challenges two-and-a-half months into demonetisation, with repayment collection taking a hit in some rural pockets where cash supply is yet to become normal and in parts of Maharashtra and poll-bound Uttar Pradesh, raising the spectre of a deterioration in asset quality.
- Categories
- Technology
- Region
- South Asia
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Government departments lap up digital payment solutions in India
Online payment service providers and mobile wallet companies have recorded a huge surge in queries and sign-ups from various governmental departments across sectors such as education, health and power, in the last two months. The tie-ups come at a time when these departments have been instructed to carry a majority of their transactions through digital modes to eliminate corruption and reduce the dependence on cash.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Paytm Is Accelerating Its Banking Push in India
Indian mobile wallet firm Paytm plans to launch its banking operations within two months, according to Bloomberg.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Pankaj Patel owned Cadila ups its India game with AZ’s brands
UK drug maker AstraZeneca has divested its brands in anti-infective and women’s health portfolio to Zydus Healthcare, a subsidiary of Cadila Healthcare as the company narrows down its therapy areas.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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Cuemath raises $15 million in Series B round from Alphabet
Education start-up Cuemath, run by Cuelearn Pvt. Ltd, has raised $15 million in Series B round of funding led by equity investment fund of Alphabet Inc., CapitalG (formerly known as Google Capital), the company said in a statement on Monday.
- Categories
- Education, Investing, Technology
- Region
- South Asia
- Tags
- impact investing
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