Two big themes on Daily Fintech are: First the Rest, then the West (the idea that innovation in the 20th century flowed from the West (America and Europe) to the Rest (Of the World, aka ROW, emerging, developing, frontier, high growth) and in the 21st century that flow of innovationRead More
Post Tagged with: "India"
A lot has changed since the Fintech Global Tour went to India in January 2015, when the action looked uninteresting. Days later we discovered Paytm and digging into that story we could see how India is leapfrogging the West in mobile payments. Later that year we looked at the PaymentRead More
HONG KONG — The numbers are in “holy *$#%” territory. “The numbers” are for e-commerce sales in China, and they are astounding. In the first two months of 2016, China’s online retail sales hit $98.2 billion, an increase of 27% over the previous year. That puts it on pace to hit around $590Read More
You’ve heard of micro loans, but how about microsavings? In a pilot program to start later this year, Des Moines, Iowa-based Social Money is looking to help underserved customers in India save money with the use of its CorePro core banking software. The effort is funded by a grant fromRead More
CBW Bank, the innovative bank in Weir, Kan., known for its partnerships with fintech pathfinders such as Moven and Ripple Labs, will expand its global remittance service within the next 18 months. The announcement that the service would be expanded came from the bank’s CEO, Suresh Ramamurthi, at Bank Innovation 2015 in SeattleRead More
The suspense is over. This morning we showed you 11 of the best bank ads from 2013, and now we’re unveiling the No. 1 ad of the year: Kotak Mahindra Junior Bank Account. The ad features a charming narrative of financial responsibility for young people. What can we say? We’re suckers forRead More
Customers at India’s Cosmos Bank are willing to pay for more personal interactions, according to the company’s managing director and CEO, Vikrant Ponkshe. Could this be a model for banks in the United States? Cosmos Bank is a co-operative (member-owned) institution founded in 1906. It has 1.8 million customers andRead More