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Asia’s Biggest Vaccine Maker to Seek Fast-Track Nod for Dengue Drug in India
Asia's largest vaccine maker, Serum Institute of India, plans to file for fast-track approval to launch a dengue treatment in India, its chief executive said, potentially becoming the first company globally to launch a drug for the mosquito-borne virus.
- Categories
- Health Care
- Region
- South Asia
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Report: India Mobile Wallet Market to Reach US$ 6.6 Billion by 2020
According to TechSci Research report, "India Mobile Wallet Market Opportunities & Forecast, 2020", mobile wallet market in Indiais projected to reach US$ 6.6 billion by 2020. The mobile wallet market in India is projected to exhibit exponential growth during the forecast period, on account of rising smartphone penetration rate, growing mobile internet user base, and increasing government support. In addition, mobile wallet companies operating in India are also offering attractive deals and incentives to attract new users. In recent years, wallet companies have increasingly formed collaborations with service providers and financial institutions to offer a robust and seamless mobile wallet platform to the users. Usage of mobile wallet is growing across various applications such as money or banking transactions, mobile recharge & bill payments, ticket bookings, utility applications, etc. In addition, approval of payment bank licences of major companies such as Paytm, Vodafone, Airtel, etc. is projected to drive growth in the number of banking transactions through mobile wallet over the next five years.
- Categories
- Technology
- Region
- South Asia
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New MasterCard-SMU Program to Help Promote Financial Inclusion in Asia Pacific
MasterCard and the Singapore Management University (SMU) today announced the launch of a two-year Social and Financial Inclusion Programme.
- Categories
- Uncategorized
- Region
- South Asia
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e-Paisa Starts Accepting Wallet Payments from Paytm, Mobikwik
Payments service provider, Paytm, Mobikwik and Citrus haver tied up with e-Paisa, to enable easy payment option to customers to pay at retail outlets like grocery stores, restaurants and other small brick and mortar merchants through their mobile wallets.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Microfinance Companies in India May Need Rs 2,000-crore in Domestic Equity to Clear Licence Hurdles
Microfinance companies that have been awarded small finance licences may need to mobilise close to Rs 2,000-crore equity between them from local investors to dilute foreign ownership.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Report: New-Age Banking Increases the Ambit of Financial Inclusion in India
Over the past decade, the Indian banking sector has witnessed a sustained push in the form of a number of initiatives and reforms from the government as well as the Reserve Bank of India (RBI). The sector has grown significantly in terms of customer base, coverage and business.
- Categories
- Uncategorized
- Region
- South Asia
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Viewpoint: Sanitation Financing: An Opportunity to End Open Defecation
“Why do we have toilets at school but not at home?” This question from one of her children prompted Nusrat, a wife and mother of six living in India, to apply for a sanitation loan. Within two weeks of receiving the loan, Nusrat was able to purchase a toilet. Now, one year later, the monthly instalments on Nusrat’s loan have all been repaid and her family is happier, healthier, and safer.
- Categories
- Health Care
- Region
- South Asia
- Tags
- impact investing
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Viewpoint: Why India’s Supreme Court Judgment on Aadhaar National IDs Calls or an Appeal
Mahatma Gandhi refused to join the Constituent Assembly that wrote our wonderful Constitution, but his advice to some of the members was, “Whenever you are in doubt, apply the following test. Recall the face of the poorest and the weakest man you may have seen, and ask yourself if the step you contemplate is going to be of any use to him. Will he gain anything by it? Will it restore him to control over his own life and destiny? Will it lead to swaraj for the hungry and spiritually starving millions?” I submit that the recent Supreme Court (SC) interim judgment on Aadhaar does not pass the Mahatma’s test and it must be appealed. All it needs is one small tweak.
- Categories
- Technology
- Region
- South Asia
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