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India has a new bank designed specifically for Indians afraid of banks
“In our surveys, one feedback was that several customers from the economically weaker sections found big banks intimidating. They were skeptical of how they will be treated,” said Rishi Gupta, managing director & CEO of FINO PayTech. “Therefore, we have tried to become a neighbourhood bank with the look and feel of a mom & pop store where the customer can walk in without hesitating.”
- Categories
- Uncategorized
- Region
- South Asia
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A new wave of tech talent is emerging, not from India’s classrooms but its hinterlands
Despite finishing school and college, Mandal couldn’t find stable employment in his village in West Midnapur district of India’s West Bengal state.
- Categories
- Education, Technology
- Region
- South Asia
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Base of startup funding pyramid has shrunk sharply in India; angel, seed deals down
The number of angel and seed investments made in the first half of 2017 (January to June) is down to 260, a sharp drop from 419 in the first half of 2016, according to data from startup analytics firm Tracxn.
- Categories
- Investing
- Region
- South Asia
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Digital transactions slowing down in India after initial demonetisation rush
The currency ban widened the use of debit cards. The average value of card payments fell drastically, showing that they were used even for small value purchases.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Google entering mobile payments in India, will soon give Paytm, Airtel competition
AP Hota, CEO and managing director of the National Payments Corporation of India (NPCI), told reporters at conference in Bengaluru on Monday that Google has almost completed testing its UPI (Unified Payments Interface)-based payment service, which allows fast and easy transfer of money from one bank account to another through mobile.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments
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Cyber-threats increase as India goes cashless: Study
As India shifts to a cashless economy, cyber-threats are at a new high with the number of such incidents occurring in banking systems increasing in the last five years.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Aadhaar in focus: B-school ISB to do research on world’s largest digital identity system
To promote an ecosystem of academic research on Aadhaar, ISB, which has campuses in Hyderabad and Mohali, will engage with researchers and academic institutions from India and abroad. It will study the impact of Aadhar on benefit transfers, financial inclusion, healthcare schemes, public distribution systems and public policy.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital identity
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Price fixation of essential drugs hits profitability: Novartis
The government's push for prescribing the drugs by generic names could pose further challenges, Novartis India said in the latest annual report for 2016-17.
- Categories
- Health Care
- Region
- South Asia
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