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India’s Microfinance Industry Puts Crisis Behind It, Thanks to Regulations, Diligent Borrowers
The aroma of flaming gingelly oil wafted through the air as 16 women employees of Thrissurbased Global Chips & Foods braced themselves for another long day at work. A black wooden board, hung on a recently white-washed wall, listed out their day's chores: 20 kilograms of tapioca chips and 20 kgs potato chips.
- Categories
- Uncategorized
- Region
- South Asia
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Philippines’ Tax Bureau Taps Mobile Payment for Tax Collection
The Philippines' Bureau of Internal Revenue (BIR) has partnered with Globe Telecom's GCash mobile money service for its tax collection effort.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, infrastructure
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Janalakshmi, The Largest Microfinance Institution in India, Announces $210M Equity Round
Janalakshmi Financial Services Limited (“Janalakshmi”) today announced a $150 million (INR 10 billion) round of primary equity financing led by global private investment firm TPG. In addition, secondary transactions aggregating $60 million (INR 4 billion) will provide partial exits to existing investors.
- Categories
- Investing
- Region
- South Asia
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MasterCard Drives New P2P Solution in Bangladesh
In a quartet joining forces to bring mobile cross-border payments to 22 million Bangladeshis, MasterCard is linking up with Western Union, bKash and BRAC bank.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, remittances
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WeChat Proprietor Tencent Seeks $2 Billion Loan for FinTech Expansion
The Chinese internet giant Tencent Holdings Ltd, most famous for its WeChat messaging app, is reported to be soliciting a loan that could run as high as two billion dollars in order to deepen its interests in the FinTech sector.
- Categories
- Technology
- Region
- South Asia
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How Treating Anxiety, Depression Can Help Global Economy
According to the World Health Organisation, every dollar spent on treating anxiety and depression produces a fourfold return in better health and ability to work, which is good for the countries' development and economic growth.
- Categories
- Health Care
- Region
- South Asia
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Two Drug Makers Complain India Is Thwarting Licenses for Selling Generics
The controversy over access to medicines took a twist this week when two Indian drug makers disclosed they would no longer seek government licenses to make generic versions of two brand-name medicines. And they cited pressure from the global pharmaceutical industry on the Indian government as their reason for ending their efforts.
- Categories
- Health Care
- Region
- South Asia
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Startups to Get $76m in Government’s Microcredit Guarantee Program in Indonesia
Creative Economy Agency (BEKRAF) has said it will distribute Rp 1 trillion ($76 million) from the government’s micro-credit guarantee program (KUR) to Indonesian startups. The loans will be provided by three of Indonesian state-owned banks – PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Negara Indonesia Tbk (BBNI), and PT Bank Mandiri Tbk (BMRI).
- Categories
- Uncategorized
- Region
- South Asia
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