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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.
- Categories
- 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
- Region
- South Asia
- Tags
- 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Mobile wallets company Mobikwik has withdrawn a scheme where it offered a “6% annual profit” to customers who maintain a monthly balance of at least Rs.5,000 in their mobile wallets.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
- Region
- 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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India Post to open payments bank with 650 branches
India Post, which already offers limited financial services through its 154,800 post offices, is also becoming a payments bank with 650 dedicated branches involving an investment of Rs 800 crore, officials said on Wednesday.
- Categories
- Impact Assessment
- Region
- South Asia
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Condom conundrum: Health workers refuse to distribute condoms named Asha
Embarrassed government health activists called Asha are refusing to door-to-door with condoms that now carry the name, jeopardising a nationwide mission.
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- Health Care
- Region
- South Asia
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Viewpoint: Don’t write off India’s payments banks
The withdrawal of three licencees should not be read as a doomsday omen for the idea and underlying rationale. It is too early to write off a well-intentioned idea that puts change and innovation before incumbency. Rather, these withdrawals should be seen as signaling the need for introspection and course-correction to adapt to the fast-changing, competitive landscape of India’s banking and payments sector.
- Categories
- Uncategorized
- Region
- South Asia
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