-
What Blocks The Success Runway For Fintech Startups In India?
Despite adequate funding and an unprecedented growth of 135% in just two years, most fintech startups are grappling with inefficiencies in multiple operations. However, with India slowly but surely making the transition towards a cashless economy, access to internet services, and increasing transparency in transactions, the outlook for the future is most certainly robust.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech, regulations, startups
-
Here is a look at the legality or illegality of uses of cryptocurrencies in India
The statement of the Finance Minister Arun Jaitley in the Budget speech on cryptocurrencies created quite a disruption, with many speculating that the statement implied that cryptocurrencies were banned in India.
- Categories
- Technology
- Region
- South Asia
- Tags
- regulations
-
Nigeria to wield axe on failing mobile money brands
The newspaper tipped the majority of the 21 companies operating services in the country to fall foul of tough new cash requirements. Central Bank of Nigeria (CBN) rules, effective from the end of December 2017, stated operators must have NGN1 billion ($2.8 million) in reserves.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance, regulations
-
India’s flourishing fintech sector is craving the finance minister’s attention
While the Narendra Modi government and the Reserve Bank of India (RBI) have already laid down regulations for certain segments, such as peer-to-peer lending, others like cryptocurrencies and online lending startups are yet to be regulated. Such regulation may mean stricter compliance, but the management at these firms believe it will lend legitimacy to the industry, which is expected to be worth $2.4 billion by 2020. That, in turn, will help them grow faster.
- Categories
- Finance
- Region
- South Asia
- Tags
- cryptocurrency, fintech, regulations
-
IMF Urges International Cooperation on Cryptocurrency Regulation
The IMF, the United Nations’ organization for global monetary cooperation, financial stability and economic growth, is pushing a “greater international discussion and cooperation among regulators” globally to form policies on cryptocurrencies, CCN.com reported.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
-
Does Rwanda need a law on social enterprises?
People running social enterprises in Rwanda are increasingly concerned that there is no law governing social enterprises in the country which could have provided tax exemptions for their companies.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- regulations, scale
-
Fintech must serve the real economy, Chinese regulator says
In a speech at the Asian Financial Forum on Monday, Jiang Yang, vice chairman of the China Securities Regulatory Commission, said the development of fintech should support the wider economy, instead of profiting only "a small group of people."
- Categories
- Finance
- Region
- Asia Pacific
-
India’s central bank wants to put a leash on the booming fintech sector
“Bringing fintech under the regulatory ambit should provide a level playing field and encourage financial innovations. In this context, the Reserve Bank (of India, RBI) is working on framing an appropriate response to the regulatory challenges posed by developments in fintech in India,” the central bank said in its Trend And Progress Of Banking In India report, released in December.
- Categories
- Finance
- Region
- South Asia
- Tags
- cryptocurrency, fintech, regulations