Controversial new rules by the Indian government could force Facebook, Twitter, TikTok and YouTube to reveal users’ identities, shattering anonymity for over 400 million people, according to Bloomberg. The rules are expected to be published later this month. They aim for more accountability in social...
There is a debt crisis slowly but surely building in Cambodia that could see millions of people losing their homes and family farms — the result of microlending run amok amongst 15 percent of the population. And while the individual loans are small — relatively...
Walmart, it seems, has found itself drawn into a legal struggle between its recent acquisition Flipkart and GOQii — an Indian maker of smartwatchesque health devices — over pricing. GOQii alleges in its suit against Flipkart filed last month that Flipkart has been selling their...
Reports are emerging that the sage of Omaha, Warren Buffet, is in talks to pick up a stake in Paytm, India’s largest digital payment player. According to the media, Berkshire Hathaway is considering an investment of between 20 billion and 25 billion rupees ($286 million...
While Sweden’s Truecaller is not new to the Indian payments ecosystem, it entered the India mobile market over a year ago during the launch of the nation’s Unified Payments Interface (UPI). With the announcement of its wholesale acquisition of Indian payments startup Chillr, it is leveling up...
In 2016, 95 percent of transactions in India were done in cash and there were approximately 60 million online shoppers, representing about 14 percent of the nation’s internet-using base, according to a late 2017 report by Morgan Stanley. But the landscape has changed rather radically since...
Payments via Facebook‘s WhatsApp are on the very brink of launching, according to recent reports. As early as next week, pay via WhatsApp might be up and ready to go for the whole of India, potentially putting the service in the hands of up to...
The SME segment in India has been a consistent bright spot and engine for growth over the last several years. According to government numbers, the micro, small and medium enterprises (MSME) sector has been growing at least 10 percent annually since 2015, and punching above...
The scandal surrounding India’s state-run Punjab National Bank (PNB) is getting bigger — in fact, a source says it could hit the $2 billion mark. According to a source involved in the investigation and court documents reviewed by Reuters, authorities are still trying to recover...
