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PRESS RELEASE: India’s Financial Inclusion Leader IFMR HoldingsRaises $25m from Accion, LeapFrog and Lok
IFMR Holdings, a leading financial inclusion platform in India, has announced that they have raised US $25 million in equity from Accion, a financial inclusion pioneer, LeapFrog Investments, a specialist investor in emerging-market financial services, and Lok Capital, an Indian impact investment firm.
- Source
- Accion
- Categories
- Uncategorized
- Region
- South Asia
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Mobile Wallet Fraud Set to Rise in India: Deloitte
As E-commerce firms continue to become popular and more people have started using online payments, frauds in mobile payments too are increasing, said a report from Deloitte India.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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India’s Paytm Passes 100M Users
Indian firm Paytm, whose parent is backed by Ant Financial, claimed it is the first mobile wallet in the country to pass 100 million users.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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In India, Ending Open Defecation Requires More Than Just Behavior Change
It’s been 10 months since India officially launched Swachh Bharat, a national cleanliness drive, which, among other things, aims to put an end to the practice of open defecation in the country by 2019.
- Categories
- Health Care
- Region
- South Asia
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Viewpoint: An Unhealthy Health Card
A high-decibel emphasis on economic growth notwithstanding, a multitude of states continues to do poorly on the indicators of social development, especially health. An unhealthy workforce cannot build a healthy economy. Over the past decade, the cost of treatment has seen a double-digit rise, far outpacing average inflation, in both rural and urban India, according to a recently published National Sample Survey Office (NSSO) report.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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Silicon Valley VC firm Social+Capital Partnership lines up over $1B for India by 2025
Four-year-old Silicon Valley-based venture capital firm Social+Capital Partnership plans to invest over $1 billion in Indian companies in sectors such as financial services, energy, infrastructure and agriculture.
- Categories
- Impact Assessment
- Region
- South Asia
- Tags
- impact investing
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Visa to launch payments service for mobile phones in September in India
Close on the the heels of MasterCard launching a digital wallet for Citibank India customers, rival global payments gateway Visa will be starting a new payments service for Indian customers in September.
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- Uncategorized
- Region
- South Asia
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Google, Apple, Xiaomi and Foxconn Rush in as India Becomes World’s Hottest Smartphone Market
China may be the world’s biggest mobile market, but all eyes in the tech industry are now turning toward India, with its rapidly growing appetite for smartphones.
- Categories
- Technology
- Region
- South Asia
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