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India Is a Hotbed of Financial Inclusion
As Chief Operating Officer of Accion, a non-profit organisation that lends to and invests in ventures in the financial inclusion and financial technology sectors, Esteban Altschul has a ringside view of developments across the globe in these areas.
- Categories
- Technology
- Region
- South Asia
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Indonesia comes out with regulations for P2P lending platforms
Following the release of e-commerce roadmap in November, Indonesia ended 2016 by coming out with a new set of rules for the fintech sector, specifically regulating peer-to-peer (P2P) lending platforms. The policies had long been anticipated by players, who had been working closely with the Indonesian financial services authority (OJK) to come up with rules governing lenders and borrowers.
- Categories
- Uncategorized
- Region
- South Asia
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Led by Alibaba Group, More Chinese Investment Continues to Flow Into Indian Startups
Lately, there is a bit of China in some of the top Indian startups, from e-commerce platform Snapdeal and mobile wallet giant Paytm to ride sharing company Ola and travel portal MakeMyTrip.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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China Launches $1.5bn Fintech Fund
A consortium of Chinese state-owned companies and private enterprises has created a $1.44 billion investment fund dedicated to fintech mergers and acquisitions.
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- Technology
- Region
- South Asia
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Notes Ban Set to Become Turning Point for India’s Mobile Wallet Sector
If one were to table a list of the happiest entrepreneurs in 2016, Paytm founder and CEO Vijay Shekhar Sharma would undoubtedly be on top.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Mexico’s Largest Bank Acquires Fintech Payments Startup Openpay
BBVA Bancomer, the largest financial institution in Mexico, has acquired Openpay, a payments Fintech startup based in Mexico that enables real-time payments for individuals, small businesses, and large enterprises. The acquisition comes after a collaborative partnership between the bank and the Openpay which saw the bank benefit by increasing its range of online payments solutions.
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- Technology
- Region
- Latin America
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Mobile Payments Outgrow Smartphones in India
With the government push for cashless transactions, after the demonetization of high-value currency notes, the electronic payments data released by the Reserve Bank of India presents an encouraging shift towards digital payments. The adoption of non-tradition digital payment mechanisms, i.e., payments made using Unstructured Supplementary Service Data (USSD) for mobile communications, Unified Payment Interface (UPI) and e-wallets is evident from the growth in volume of transactions and their value, albeit on a low base.
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- Technology
- Region
- South Asia
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India’s Largest Mobile Wallet App Paytm Gets Regulatory Nod to Operate Its Own Payments Bank
India’s largest mobile wallet service now has its own payments bank. Paytm announced today it has received regulatory approval from the Reserve Bank of India for launching Paytm Payments Bank, a move that "changes everything" for the company.
- Categories
- Technology
- Region
- South Asia
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