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ICICI Bank Launches India’s First Contactless Mobile Payment Solution
ICICI Bank today unveiled a contactless mobile payment solution, which it claims to be first of its kind in India. As per ICICI, this payment solution enables its credit and debit customers make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal. This mobile payment solution has been launched today for the employees of the bank and will be available for its customers in the last week of March when the updated 'Pockets' application will be available on Google Play Store. An ICICI Bank credit and debit customer (VISA/Mastercard) with an NFC enabled smartphones of Android 4.4 OS & above will be able to use this solution.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Analysis: Financial Inclusion Implications of India’s new National ID Law
On Friday, the Lok Sabha stamped its overwhelming approval on the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill. Since it is a money bill, the Rajya Sabha cannot exercise a veto. It is for all practical purposes just short of becoming law.
- Categories
- Uncategorized
- Region
- South Asia
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Clean Street Food Project Launched
With a view to raise the safety standards of foods sold on streets across the capital city of New Delhi, the Union Minister for Health & Family Welfare J P Nadda launched Project ‘Clean Street Food’ in the presence of Rajiv Pratap Rudy, Union Minister of State for Skill Development & Entrepreneurship (Independent Charge), on Sunday.
- Categories
- Health Care
- Region
- South Asia
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Blood Money: The Race to Crack India’s Lucrative Menstruation Market
Every evening after work, 27-year-old Paravi* prepares for her upcoming wedding. She reads bridal magazines and hones her cooking, while her aunties regale her with funny tales of married life.
- Categories
- Health Care
- Region
- South Asia
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Medecins Sans Frontieres Files to Block Pfizer Patent on Pneumonia Vaccine in India
The charity Medicins Sans Frontieres has formally opposed U.S. firm Pfizer Inc's application for an Indian patent on a highly effective pneumonia vaccine, saying it could deprive many developing nations of cheaper copies of the drug.
- Categories
- Health Care
- Region
- South Asia
- Tags
- vaccines
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Indian Social Entrepreneur Shaffi Mather’s New Venture Wins the Startup of the Year Award at Startup Grind!
MUrgency has been chosen as the Startup of the Year 2016 at the prestigious Startup Grind 2016 Conference in Redwood City in Silicon Valley, Calif. MUrgency was selected from amongst 1,100 startups that applied from 200 cities around the world. As winner, Startup Grind will work with MUrgency to plug into the Startup Grind network across the world.
- Categories
- Uncategorized
- Region
- South Asia
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OPIC, Calvert Foundation to Finance Varthana, Supporting Private Schools in India
In a ceremony held on February 17th in Bangalore, India, the Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, and Calvert Foundation signed an agreement to finance Varthana, a lending institution that provides loans to affordable private schools in India, particularly those that serve low-income populations.
- Categories
- Investing
- Region
- South Asia
- Tags
- impact investing
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Viewpoint: Health-Tech Startups Can Make India a True Innovation Hub
Whenever we talk about disruption in any industry, the existing gaps or snags within the space are the driving force behind it, especially when the gaps have reached a point of deficit. It is only at this stage of extreme deprivation that we see truly innovative solutions emerge. And there are plenty of examples to corroborate this fact. Be it the telecom revolution in India that took place in the late 90’s, led by the then newly formed private telecom sector in the country, or the more recent and still growing “Uber” led disruption for the public transport system in India or even the world. Most industries that have seen transformation at any point have benefited from the lacuna that existed before that particular industry was set on a path of resurrection.
- Categories
- Health Care, Technology
- Region
- South Asia
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