Industry News

Must read of the week:

On Tuesday, we explored what market barriers may be delaying FinTech innovations in emerging markets – the same innovations that created Apple Pay in more sophisticated markets. In this week’s must read, we explore another barrier: an unfriendly regulatory environment. In the article, Osman Sailuffah Khan states that Pakistan’s overbearing regulators are a significant inhibitor to creating a blossoming and innovating technology sector. According to Khan, regulations from the government inhibit the capital inflows of budding entrepreneurs, especially from foreign investors, and office space is more elusive in Islamabad than it is in Silicon Valley. Thus, entrepreneurs must navigate a complicated and unfriendly environment as they seek to take their first steps as a start-up. We ask: how important is an encouraging regulatory environment in deciding the success or failure of FinTech start-ups?

Read Innovation and regulation here: http://tribune.com.pk/story/779442/innovation-and-regulation/

Other industry news:

Technology:

India: Taking new strides in the field of banking technology

Pakistan: Easypaisa celebrates 5 years in Pakistan!

Agents:

Pakistan: Agent-sharing limiting outreach, says regulator

Banks:

India: Here’s the banks take on financial inclusion

MNOs:

Sri Lanka: Etisalat partners with Mobitel mCash

Customers:

Regional: World Bank: South Asia remittances growing robustly

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