India will be utilizing the world's largest biometrics database, Aadhaar, to implement smart health cards for its senior citizens; senior citizens will be receiving an Aadhaar-based smart card; the cards will include information on their health, healthcare and healthcare history; the Aadhaar smart cards will also have payment processing capabilities; the government will test the use of the Aadhaar smart cards in 15 districts during the 2017-2018 fiscal year. Source
India is set to propose a new cryptocurrency bill in parliament, and investors are trying to make sense of what...
India is looking to bar most private cryptocurrencies when it introduces a new bill to regulate virtual currencies in the winter session of Parliament, the government said late on Tuesday.
It has been a rough time for fintech in China as funding fell 87.6% year over year to $192.1 million...
India to Release CBDC in 2022-23, Details Scarce. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Prime Minister Modi's plan to demonetize has put a lot of strain on much of Indian society, now the ICICI Bank is looking to ease that burden by helping to make 100 villages cashless in 100 days; the plan was born out of a successful program that made one village cashless in 2015; the 100 villages will be spread throughout the country and will help 10,000 people overall; local people will be able to use their mobile phones to transact with merchants and banks. Source
Confirming the investment, Pine Labs CEO Amrish Rau says the company is “fortunate to build in the fintech space and [we] realise we have much to do”.
India-headquartered software-as-a-service (SaaS) Fintech ClearTax has acquired $75 million in funding via a Series C round. ClearTax's investment round has been finalized in order to support the firm’s business expansion into the MENA region. The company said it would also enable ClearTax to further diversify
The Peter Thiel-backed project had filed for bankruptcy in Singapore last month.
ICICI Bank, one of the “Big Four” banks of India introduced banking services on WhatsApp just three months ago; the...