A trend of bad loans over recent years has tightened up the lending requirements of nationalized banks in India. Young Indians, those without good credit and the unbanked are increasingly turning to alternative lending startups to meet their financing needs, and India is now ranked...
Mobile phone adoption in India is increasing faster than in any other country. According to Counterpoint Research, India has surpassed the U.S. market and is the second largest smartphone market with over 220 million users. And, as of the end of April, almost 45 percent...
A team from the recently heisted Bangladeshi central bank visiting Manila in an attempt to recover some of the $81 million cybercriminals successfully boosted from their accounts at the New York Fed via the Swift Interbank messaging system says it is getting closer to taking...
India’s second largest eCommerce site, Snapdeal, is gearing up to play for first position. The firm has landed $200 million in new funding in a round led by Ontario’s Teacher’s Pension Plan. A round leader that seems a bit odd, but comes packing a bit...
In an age where developed world consumers are increasingly concerned with their food’s origin story, it is surprising, disturbing and terribly sad that the peel-and-eat shrimp many of us will be enjoying this holiday season has probably come to a supermarket shelf or a restaurant...
It took about two years, but Amazon has managed to claim the throne in Indian eCommerce — for now. Amazon.in has become the most visited eCommerce site in India, an occasion Amazon is celebrating with a free gift voucher worth Rs 200 for any customer who...
Consumers in the developed world tend to think of their financial systems as complex, particularly as compared to the developing world. And while that is not an entirely incorrect perception, it might just be a little bit skewed. When it comes time to pay in...
While retail executives are mostly background players, this week they’ve been oddly front and center. And two execs, in particular, made the rounds on social media and 24-hour cable news. Both probably wish they hadn’t. Taco Bell Corporate Manager Benjamin Golden started the week off...
Despite being worth over half-a-trillion dollars annually, remittances are an oddly invisible part of the payments ecosystem to most people — even those who otherwise know it quite well. We all might know that money may make the world go around, but what makes money...
