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Six months after demonetization, Kolkata’s first cashless transactors shift back to cash
The winds of change that brought in plastic money and e-payments to traditional shops have blown over. Cash is back.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Kenya: Risks to Safaricom Outstrip Mere Business
This issue is even more pertinent considering that the electoral agency will require a technology partner to provide results transmission services during the upcoming general election.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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How SAJIDA Foundation Nearly Doubled Customer Uptake of Savings Accounts
Astha, a term deposit account, allows SAJIDA Foundation members in Bangladesh to save toward a purchase or financial goal. Through the OPTIX project, BFA conducted data analytics and client research with SAJIDA and eventually redesigned the accounts. After rolling out the new features, the foundation saw a 97 percent increase in accounts opened and 59 percent more mobilization of savings.
- Categories
- Finance
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Climbing India’s Technology Stack: As the Fintech Revolution Extends to Health Care, Will Emerging Markets Be Ready?
The use of technology stacks has been a profoundly important breakthrough for social and financial inclusion in India, and it also opens up many opportunities to transform health care for the poorest residents there. But as these tech-based solutions proliferate in other low and middle-income countries, writes David Butz, the health care industry must be prepared for the massive disruptions they're likely to bring.
- Categories
- Uncategorized
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Indian Digital Wallet Company Founder Says Its Biggest Competitor is Cash
Co-founder & Director of India’s leading mobile wallet company expects overall digital payments to contribute 35-40 percent of total transactions in the economy by 2018, citing cyber security as one of the most crucial issues for banks and consumers.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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MFIN launches mobile app to spread financial literacy
MFIN, an association of the microfinance industry in India, today launched a financial literacy mobile app for clients. The multi lingual financial literacy app will act as a guide and ready reckoner for the clients, said Microfinance Institutions Network (MFIN), which mainly caters to underbanked and unbanked population in the country.
- Categories
- Technology
- Region
- South Asia
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This Is How Cryptocurrencies & Blockchain Could Solve Asia’s Financial Inclusion Issue
In 2016, staff members within the International Monetary Fund (IMF) suggested that virtual currencies could promote financial inclusion. The IMF issued the standard cautions about how virtual currencies (VCs) might be used for money laundering, terrorism and other nefarious purposes. But it also wrote that, “VCs offer many potential benefits, including greater speed and efficiency in making payments and transfer--particularly across borders--and ultimately promoting financial inclusion.”
- Categories
- Technology
- Region
- South Asia
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Fintech: Africa welcomes emerging fintech startups
Given financial technology is about smart, innovative, flexible start-ups looking to eat away at traditional financial firms’ intermediary roles, it is not surprising that Africa, with its woefully inefficient banks and sclerotic infrastructure, is feeling the full force of the fintech wave. According to industry players, there is a hive of fintech activity now in most major capitals of Sub-Saharan Africa.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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