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Alipay to acquire 45% shares of Pakistan’s Telenor Microfinance Bank
Alipay is a part of the internet giant Alibaba, which is Chinese retail, internet, technology, and AI company. On the other hand, Telenor Microfinance bank is Pakistan’s first scheduled microfinance bank that provides small loans to people who aim to set up their own business to come out of poverty.
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance
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World Bank’s $172 million loan to make farming viable in Andhra Pradesh, India
World Bank has signed an agreement with the government of India and government of Andhra Pradesh to extend a loan of $172.2 million to help turn farming in Andhra a financially viable activity.
- Categories
- Agriculture
- Region
- South Asia
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Viewpoint: How AI will transform India’s job scene
It will prod policy-makers to re-skill workers, rethink social policy, and examine the employment potential of new sectors
- Categories
- Technology
- Region
- South Asia
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India’s Biggest Private Company Gets Paid on a Blockchain
Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology.
- Categories
- Finance, Technology
- Region
- South Asia
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Aavishkaar plans to raise $300 million for South Asia fund
Aavishkaar Group’s eighth fund, which is aiming for a first close by end-2019, will consciously avoid India and China and focus on smaller markets of Vietnam, Indonesia, Myanmar and Laos, among others.
- Categories
- Investing
- Region
- South Asia
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Trifecta looks overseas for its 7.5 billion rupee second fund
Trifecta Fund II expects to achieve a first close of 2.5 billion by the end of 2019, says Trifecta Capital co-founder and managing partner Rahul Khanna.
- Categories
- Investing
- Region
- South Asia
- Tags
- impact investing
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Why India lags peers in digital payments
Yet despite this growth, after adjusting for population, India continues to lag other major countries. Among the BRICS countries (Brazil, Russia, India, China and South Africa), Russia leads the way with the average adult making more than 200 non-cash transactions annually.
- Categories
- Finance
- Region
- South Asia
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Google touts 30 million monthly users for its mobile-payment platform in India
Alphabet Inc.’s Google has dominant positions in search, advertising and mobile devices, but the company has had to play from behind when it comes to mobile payments.
- Categories
- Finance
- Region
- South Asia
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