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Viewpoint: India’s fintech revolution is primed to put banks out of business
Infosys founder Nandan Nilekani calls it India’s “WhatsApp Moment,” echoing how a simple software solution from Silicon Valley turned the Asian telecommunications industry upside down, making obsolete decades of infrastructure,business models and loyal customer relationships with massive telecom operators.
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- Technology
- Region
- South Asia
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- fintech
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Study: MFI loans do little to lift the incomes of poor Cambodian families
The study, released last month by the international research consortium Partnership for Economic Policy, surveyed families in 11 villages and found little difference between the incomes of people who had taken out MFI loans and those who had not.
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- Uncategorized
- Region
- South Asia
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Cracking the payments bank puzzle in India
Success of payments banks will require understanding the financial lives of the base-of-pyramid customers and finding innovative ways to serve them.
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- Uncategorized
- Region
- South Asia
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The Indian start-up that may sideswipe Apple Pay
With 900 million mobile phone users and a sophisticated biometric digital ID issued to every citizen, India is increasingly attractive to companies that provide mobile financial services.
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- Technology
- Region
- South Asia
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Report: Cashless ecosystem spells big bucks for fintech startups in India, to reach $2.4 billion by 2020
A joint report by KPMG and NASSCOM titled 'Fintech in India argues that a robust fintech collaborative ecosystem - with startups engaging in external partnerships withfinancial institutions, universities and research institutions, venture capitalists, technology experts, government agencies - will be the key platform for the forecasted growth.
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- Uncategorized
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- South Asia
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- fintech
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Mobile wallet Mobikwik’s cash-back scheme runs afoul of Indian regulators
Mobile wallets company Mobikwik has withdrawn a scheme where it offered a “6% annual profit” to customers who maintain a monthly balance of at least Rs.5,000 in their mobile wallets.
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- Technology
- Region
- South Asia
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International Finance Corp bets big on India’s microfinance sector
The World Bank affiliate IFC is set to invest Rs 300 crore in TPG Capital and Citigroup backed-Janalakshmi Financial Services and another Rs 135 crore in CreditAccess Asia promoted Grameen Koota Financial Services.
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- Uncategorized
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- South Asia
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Price cap on medical devices could prove counterproductive, say doctors
Mansukhalal Suvalal, 77, travelled all the way from Ahmednagar, Maharashtra to Bengaluru, accompanied by his grandchildren, hoping to break his decade-long silence. In his battle with Stage IV throat cancer, he had lost his voice box after he underwent laryngectomy .
- Categories
- Health Care
- Region
- South Asia
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