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Paytm offers unsecured loans to small businesses, Mobikwik to follow suit
Paytm wants to prise the vice-like grip of banks away from local moneylenders over the loan business. The mobile wallet company, which aspires to become a digital bank, has started offering unsecured loans to merchants such as the neighbourhood grocer or the mobile recharge shop or the auto driver, who use the wallet to accept offline payments.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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M-Pesa enabling transactions for self-help groups in West Bengal, India
Vodafone India has tied-up with West Bengal State Rural Livelihood Mission (WBSRLM) to empower women of Self Help Group (SHG), as an initiative of financial inclusion. The partnership facilitates instant deposits to the bank account of the SHGs by the SHG, using the mobile wallet M-Pesa.
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- Technology
- Region
- South Asia
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India should reject efforts weakening access to generic drugs: MSF
Describing India's pharmaceutical sector a vital life-line for millions of people in developing countries, an international relief organisation on Thursday called on Prime Minister Narendra Modi not to cave in to corporate pressure and support people's access to generic medicines to combat deadly diseases like AIDS.
- Categories
- Health Care
- Region
- South Asia
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eKutir becomes India’s first Certified B Corporation
eKutir, a for-profit social enterprise fueling job creation, prosperity and livelihoods for India’s poorest communities, is the country’s first company to become a certified B Corp™. This prestigious designation is awarded to companies that use the power of business as a force for good, meeting the highest standards in performance, transparency and accountability to solve social and environmental problems.
- Categories
- Impact Assessment, Technology
- Region
- South Asia
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Fintech start-up NeoGrowth raises $35 million to help small retailers in India access credit
Fintech start-up NeoGrowth has raised $35 million (about Rs.225 crore) of equity from IIFL Asset Management and existing investors, including Accion Frontier Inclusion Fund, managed by Quona Capital.
- Categories
- Technology
- Region
- South Asia
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Report: India’s PMJDY initiative narrowing gender divide in financial inclusion
PMJDY has played a crucial role to cover more Indian women under the financial inclusion folder with as many as 47 per cent of them possessing the basic bank account under the scheme, a report study said today.
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- Uncategorized
- Region
- South Asia
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India pushes to formalize impact investments
Putting in money for social development is believed to be the responsibility of either the government—as part of the welfare for its citizens—or charitable rich individuals and institutions.
- Categories
- Impact Assessment
- Region
- South Asia
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Rapid growth of MFIs’ gross loan portfolio sets alarm bells ringing in India
Microfinance companies extended heavier loans to their customers in the last financial year, data showed, raising concerns the sector that emerged from a crisis not far ago may be growing too fast yet again for its own good.
- Categories
- Uncategorized
- Region
- South Asia
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