Online to offline (OTO) retail start-up Bindo has just taken in $1.8 million is an oversubscribed seed funding round. The company offers an iPad Point of Sale (POS), or checkout system that allows merchants to manage inventory and customer relationships through a cloud-based payment platform....
The immediate payment service of India, launched in 2010, reached 59.2M mobile users in April 2014 (+19.3% y-o-y growth). 60 banks have already signed for the service while 71.22% of mobile users came from top five banks. The amount of transactions saw an 8.5x increase...
India and Bangladesh have been working together to increase and improve cross-border trading between the two countries. Specifically, each nation has sought to develop ‘border haats’ or markets. According to a recent Business Standard article, members of the Indo-Bangladesh Border Haat Management Committee announced the second...
New HSBC service is designed to provide greater convenience and transparency in foreign cash management. An undisclosed German company’s Chinese subsidiary will deliver HSBC’s product to firms within the Shanghai Pilot Free Trade Zone.
MasterCard has announced that it intends to purchase Pune-headquartered ElectraCard Services (ECS) from Opus Software. The terms of the deal have not yet been disclosed and the deal is expected to close sometime around the end of the second quarter of 2014. ECS provides electronic payment processing...
Once just an idea in an apartment at the high of the tech bubble and now the largest B2B trading platform in the world, Alibaba now could be the most humungous IPO in history. How did this transformation develop? We've made a handy infographic to...
How did Alibaba go from its humble roots as an idea cooked up in Jack Ma's apartment in 1999 to potentially the most humongous IPO in history in just 15 years? Very strategically, as it turns out. And, we’ve made it as easy as a...
Mobile payment growth in India is on fire, going from just under 100 thousand mobile transactions in September of 2012 to over 700 thousand by July of 2013, according to a report by Deloitte reported on by Cisco. As mPayments and mobile phone users’ numbers...
Central bankers of in South Asian countries have reached an agreement on the need for the enforcement of payment and settlement system (PSS) in the SAARC region. The SAARC region is an economic and geopolitical cooperation among Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and...
