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Led by Alibaba Group, More Chinese Investment Continues to Flow Into Indian Startups
Lately, there is a bit of China in some of the top Indian startups, from e-commerce platform Snapdeal and mobile wallet giant Paytm to ride sharing company Ola and travel portal MakeMyTrip.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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China Launches $1.5bn Fintech Fund
A consortium of Chinese state-owned companies and private enterprises has created a $1.44 billion investment fund dedicated to fintech mergers and acquisitions.
- Categories
- Technology
- Region
- South Asia
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Bangladesh government plans to strengthen Grameen Bank
Finance Minister AMA Muhith has said the government plans to strengthen Grameen Bank further so that the Nobel Prize winning microcredit lender becomes more relevant in changing times.
- Categories
- Uncategorized
- Region
- South Asia
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Marico Foundation, Villgro invest in medical devices firm Yostra Labs
Bengaluru-based medical technology startup Yostra Labs Pvt Ltd has raised an undisclosed amount of funding from Marico Innovation Foundation (MIF) and social enterprise incubator Villgro, the company said in a statement on Wednesday.
- Categories
- Health Care
- Region
- South Asia
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Notes Ban Set to Become Turning Point for India’s Mobile Wallet Sector
If one were to table a list of the happiest entrepreneurs in 2016, Paytm founder and CEO Vijay Shekhar Sharma would undoubtedly be on top.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Mobile Payments Outgrow Smartphones in India
With the government push for cashless transactions, after the demonetization of high-value currency notes, the electronic payments data released by the Reserve Bank of India presents an encouraging shift towards digital payments. The adoption of non-tradition digital payment mechanisms, i.e., payments made using Unstructured Supplementary Service Data (USSD) for mobile communications, Unified Payment Interface (UPI) and e-wallets is evident from the growth in volume of transactions and their value, albeit on a low base.
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- Technology
- Region
- South Asia
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India’s Largest Mobile Wallet App Paytm Gets Regulatory Nod to Operate Its Own Payments Bank
India’s largest mobile wallet service now has its own payments bank. Paytm announced today it has received regulatory approval from the Reserve Bank of India for launching Paytm Payments Bank, a move that "changes everything" for the company.
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- Technology
- Region
- South Asia
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Microsoft and partners launch Intelligent Network for Eyecare in India
Microsoft India and the L V Prasad Eye Institute recently launched the Microsoft Intelligent Network for Eyecare (MINE), a global consortium of commercial, research and academic institutions who have joined hands to apply artificial intelligence to deliver eye care services and help eradicate preventive blindness.
- Categories
- Health Care
- Region
- South Asia
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