by Florin Oprea
Priyanka Pani – The Hindu Business Line
In a bid to develop the fintech and digital banking ecosystem in India, the Government is looking at introducing tax subsidies for merchants that accept a certain proportion of their business revenues from the use of digital payments as opposed to cash.
FAO: Interesting “battle” for India’s digital payments on the horizon. Check this last week’s edition – China’s Alibaba is already targeting India as key ecommerce battleground.
Alex Martin – Japan Times
As the Bank of Japan’s prolonged ultra-easy money policy weighs on earnings, the emergence of technology like artificial intelligence is transforming the mechanics of financing and threatening to replace thousands of roles with automated systems.
Wil Crisp – The Telegraph
Children as young as three are joining the cashless society with parents replacing traditional pocket money with digital piggy banks.
FAO: I know four-five-year-olds who can already master the features of various apps. What will they be able to do in 20 years from now? Cashless society, you can bet on it. They will laugh on our means of doing payments/business…
Aziz Abdel-Qader – Finance Magnates
Chris Bates, founder and chief commercial officer of Abide Financial, has severed its relationship with NEX Group’s Bristol-based trade reporting specialist. Mr. Bates held this position for more than seven years, and his resignation came into effect in February.
Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017.
FAO: It’s no surprise. This is one of the most dynamic places on Earth when it comes to changing the world of finance through innovation.
The UAE is ranked third in an analysis of Islamic Fintech start-ups, according to a survey by Bloomberg Intelligence. Malaysia and the United Kingdom are ranked first and second. The analysis finds that tailored regulation and clarity on rules could aid the small and medium-sized Fintech outlook.
Lithuania recorded 43% increase of newly registered startups in 2017 compared to the previous year, more than half of them offering innovative digital payments, Invest Lithuania, the country’s investment promotion agency, announced.
DNT: Consult our Free Archive and find out much more about this fintech friendly space – Lithuania.
Africa FinTech Summit August 16-17 2018 – Accra, Ghana – Agenda here
FAO: I am one of the speakers at the event, you can check the entire list of speakers here. Please note that I am building up my agenda for 2018 – if you want me as a speaker at your events better get in touch before my year gets uber busy – contact me here.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News