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Samsung Pay Mobile Payment Platform Goes Live in India
Samsung's mobile payment platform Samsung Pay has finally launched in India. The service was expected to make its debut in India for weeks now. The company on Monday confirmed to Gadgets 360 that mobile payments platform Samsung Pay was open for Early Access registrations in India, via the official Samsung Pay website.
- Categories
- Technology
- Region
- South Asia
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IFMR Investment to raise Rs 550 crore for financial inclusion space
Kolkata: IFMR Investment Managers Pvt Ltd is aiming to raise a minimum Rs 550 crore from long term investors keen to exposure to the country’s growing inclusive finance space. The Chennai-based company, wholly owned by IFMR Capital, has unveiled two debt funds and expects domestic institutional investors such as insurance companies, banks and non-banking finance companies to invest in them. About 10% of the issue is kept for private wealth funds.
- Categories
- Investing
- Region
- South Asia
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US State Dept thinks Africa’s leading mobile money platform is vulnerable to money laundering
Mobile money providers like M-Pesa have disrupted traditional financial systems in many countries in ways conventional banks could only dream of. But, despite the significance of such services in the lives of millions of people, they remain vulnerable for use by money launderers, says a US Department of State report (pdf, pg.116).
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- Technology
- Region
- North America
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Nearpod Notches $21M in Series B Round to Expand Digital, Virtual Learning Experiences
Nearpod, which offers a suite of tools for teachers to create and share multimedia-rich lessons, presentations and digital activities with students, has raised $21 million in a Series B round led by Insight Venture Partners.
- Categories
- Education
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WCCN Invests in Pro Mujer to Support Women In Latin America
A fund to counter the effects of the U.S. government's controversial “global gag rule” has raised around $190 million, it was announced at a conference in Brussels today, as development leaders said it would not be possible to achieve the Sustainable Development Goals without access to family planning services.
- Categories
- Investing
- Region
- Latin America
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Social Business Roundup: Biblical Impact Investing, Salt from Solar in Kenya and Invoices of Inclusion
In this week's social business roundup: “Biblically responsible investing” is offering another path to the predominately secular space of SRI, one of Kenya's largest solar projects could be a model for rural power and how one company's approach to the tedious process of invoicing customers could lead to more financial inclusion in the Philippines.
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- Energy, Health Care, Investing
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Pakistan banks embark on financial inclusion
The Pakistani banking sector, which has already been highly profitable, is on track to expand further with millions of new customers set to enter its fold owing to financial inclusion initiatives. The priority target of the Financial Inclusion Plan (FIP) is to raise the number of customers with access to bank accounts and services to 50 per cent of the adult population. The number was 23 per cent in 2015 and 12 per cent in 2008.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Mobile Money Not As Useful As Expected For Banking Poorer, Rural Africans
Kenya’s banks came together this month to launch PesaLink, a new platform that will be integrated into all banks in the country, allowing users to seamlessly send money from one bank to another. The move signifies major new competition for Safaricom’s M-Pesa and other mobile money services, which launched initially to streamline the process of sending money.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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