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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.
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- 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.
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- 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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It Pays to Use Prepaid Cards to Deliver Services to MFI Clients: Study
There is good scope for the use of prepaid cards for delivery of value-added financial services to the clients of micro-finance institutions (MFIs), says a new study.
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- Technology
- Region
- South Asia
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Banks vs e-Wallets: Who Is Winning in Cashless India?
When two of the biggest banks in the country resist wallets from fintech start-ups, you know a few things are simmering. First, SBI disallowed its net banking users to top up third party wallets and next, ICICI blocked transactions on PhonePe, a Flipkart managed wallet that was launched in partnership with YES Bank - PhonePe allows users to link bank accounts to the smartphone through the National Payments Corporation of India's encrypted software.
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- Technology
- Region
- South Asia
- Tags
- fintech
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Iron Supplement Bars Reduced Anemia in Women in India
An iron supplement bar given to anemic women in and around Mumbai, India, led to increased hemoglobin and hematocrit levels, reducing anemia with no reported side effects, according to a study by Duke University researchers and collaborators in India.
- Categories
- Health Care
- Region
- South Asia
- Tags
- nutrition
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