India's PhonePe Branches Out

India's PhonePe Branches Out

PhonePe is fast becoming a distribution engine, leveraging the large base of 450 million registered users to cross-sell products such as insurance, lending and other services.

Sri Lanka: IMF Approves Bailout

Sri Lanka: IMF Approves Bailout

Sri Lanka’s perfect storm of economic disaster started with the Covid-19 pandemic and years of government nepotism, corruption, and economic mismanagement ultimately led to a $50 billion default on foreign loans.

Testing The eRupee

Testing The eRupee

The Reserve Bank of India will issue and redeem the eRupee and the commercial banks will manage the distribution and payment services.

Yen Loses Safe-Haven Status

Yen Loses Safe-Haven Status

The yen fell to its lowest level against the dollar in 32 years as the Bank of Japan continues to keep interest rates near zero while central banks around the world are raising rates to fight rising inflation.