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India’s mobile wallet companies feel the pinch of full know-your-customer guidelines
The Payments Council of India, a lobby group for mobile wallet companies, has asked the Reserve Bank of India to withdraw full know-your-customer requirements for them, claiming they would otherwise lose customers.
- Categories
- Finance
- Region
- South Asia
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Google’s Tez payments app now lets users handle their utility bills and more
Google’s Tez payment service in India has gotten a major update that allows users to pay their utilities and other bills via the app.
- Categories
- Finance
- Region
- South Asia
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India fintech seeking to raise at least US$87m to grow tech capabilities
AN Indian fintech company is seeking to raise over US$87 million of equity funding to expand its technological and analytics capabilities.
- Region
- South Asia
- Tags
- fintech, venture capital
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Ronald Cohen’s Impact may get $2 billion for India
“Impact is mainstream in India now. These will be two large catalytic vehicles. We are starting a series of consultations in India which will culminate into a launch in October this year,” said Ronald Cohen, Chairman, GSG who is also Co-Founder and Director of Social Finance UK, Social Finance USA, Social Finance Israel.
- Categories
- Investing
- Region
- South Asia
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Viewpoint: Women’s Financial Inclusion Needs a Bigger Fix Than Digital IDs
Until governments and banks tackle issues such as corruption, low informal sector wages and female illiteracy, digital ID systems like Aadhaar will do little to improve the financial inclusion of poor women in India, says economist Debdatta Saha.
- Categories
- Finance, Technology
- Region
- South Asia
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India Posts’ payments bank to begin operations from April
India Posts Payments Bank (IPPB) is all set to roll out operations on a pan-India level from April this year, which will also include digital transactions.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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What’s Driving India’s Fintech Boom?
An explosion of smartphone users and a world-class digital infrastructure are fueling the rapid growth of fintech in India. But innovating for low-income groups remains a challenge.
- Categories
- Finance
- Region
- South Asia
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WhatsApp Payments testing for Android, iOS in India could worry Paytm, other e-wallets
WhatsApp has been working on a digital transaction feature since 2017, and the same was spotted at times in the wild. The appearances in the past have been on earlier beta version of the popular messaging application.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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