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It’s Never Been Better, Say Fintech Startups in India
One month of demonetisation has brought about an unprecedented surge in business volume for startups connecting customers with vendors cashlessly via a mobile wallet or simply a payment gateway.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Bangladesh launches new investigation into Muhammad Yunus’ finances
Authorities have launched a new investigation into the financial affairs of the Nobel Peace Prize winner Muhammad Yunus, his family, and the micro-credit agency Grameen Bank which he founded.
- Categories
- Uncategorized
- Region
- South Asia
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Mobile wallet firms see positive impact from new authentication rule in India
The removal of two-factor authentication for card transactions below Rs2,000 has made it easier for credit and debit card users, but digital wallets do not have much to worry from the change, industry executives and analysts said.
- Categories
- Technology
- Region
- South Asia
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Get generic medicines dirt cheap by month-end
The state government is to launch Jan Aushadhi Stores (JAS) in 254 locations across the state with an aim to provide generic drugs at affordable prices. The new scheme will strengthen supply of generic drugs in government-run health centres.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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Cash transactions surge at Indian microfinance firms after note ban
Restrictions on cash withdrawals have had the perverse effect of boosting cash transactions in microfinance companies. Microlenders are hoarding cash received in repayments and then disbursing it to customers directly rather than depositing it into bank accounts, officials of at least three firms said.
- Categories
- Technology
- Region
- South Asia
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E-transactions begin at health centres too
On the lines of Centre's vision, state health department is encouraging women to open bank accounts. Women visiting primary health centres (PHCs) will have to open bank account to get incentives assured under various social schemes by the government .
- Categories
- Health Care
- Region
- South Asia
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Indonesia’s farmers to enjoy microloan boon next year
Indonesian farmers can expect to find a micro-credit program specifically designed to fulfill their financing needs next year. On Tuesday, President Joko “Jokowi” Widodo called on his Cabinet to design a micro-credit program specifically designed for the agriculture sector to increase the amount of financing farmers could receive. He acknowledged that the current micro-credit program was too broad.
- Categories
- Agriculture
- Region
- South Asia
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Paytm to merge its mobile wallet service with its payments bank in India
One 97 Communications, the parent company of digital payments provider Paytm is preparing to merge its wallet service with the eponymous payments bank-- the licence for which is owned by its founder Vijay Shekhar Sharma— once it receives regulatory approval.
- Categories
- Technology
- Region
- South Asia
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