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Indonesia comes out with regulations for P2P lending platforms
Following the release of e-commerce roadmap in November, Indonesia ended 2016 by coming out with a new set of rules for the fintech sector, specifically regulating peer-to-peer (P2P) lending platforms. The policies had long been anticipated by players, who had been working closely with the Indonesian financial services authority (OJK) to come up with rules governing lenders and borrowers.
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- Uncategorized
- Region
- South Asia
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Asheesh Advani: ‘Anybody can be an entrepreneur’
Asheesh Advani, 45, is president and chief executive officer of Junior Achievement Worldwide, one of the largest NGOs in the world, dedicated to educating young people about financial literacy, entrepreneurship and work-force readiness.
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- Uncategorized
- Region
- South Asia
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Transforming the digital payment infrastructure in India
In the aftermath of demonetisation, millions of Indians have switched to digital modes of payment for their daily transactions. To fuel this momentum, the Union government has announced a slew of incentives further encouraging citizens to go cashless.
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- Technology
- Region
- South Asia
- Tags
- digital payments
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After Day 50: The Results From India’s Demonetization Campaign Are In
On the same day that Donald Trump was elected president of the United States, India also received an unexpected, earth-shattering announcement. However, theirs wasn’t of a disruptive, unconventional presidential candidate coming to power but of a disruptive new policy that would instantly shake up the lives of 1.25 billion people, rich and poor alike. At 10 p.m. on November 8th, India’s Prime Minister Narendra Modi announced that on the stroke of midnight all 500 and 1,000 rupee notes — 86% of the currency in circulation — would cease to become legal tender.
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- Uncategorized
- Region
- South Asia
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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.
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- 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.
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- 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.
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- 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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