Tagged: Bengaluru

Indian Authorities Arrest 26-Year-Old Woman who Allegedly Stole 64 Bitcoins (BTC) from Local Crypto Firm

Indian authorities have arrested a woman who allegedly stole 64 Bitcoins (BTC), valued at around $380,000 (at time of writing), from a company where she had been working. Ayushi Jain, a 26-year-old woman, had reportedly been employed at Bitcipher Labs, a Bengaluru-headquartered firm. As confirmed… Read More

Business Payments Platform Cashfree Partners HDFC Bank, Kotak Bank, IndusInd Bank to Update Payouts, its Bulk Disbursal Platform

Bengaluru-headquartered Cashfree, a business payments platform, has teamed up with HDFC Bank, Kotak Bank and IndusInd Bank in order to enhance its bulk disbursal platform, called Payouts. Payouts is an API-based banking platform that automates how funds are transferred (in bulk) to any firm’s bank… Read More

Walmart Owned PhonePe Acquires $60 Million in Funding to Expand Operations, Compete with Amazon Pay, Google Pay, Paytm

Bengaluru- based PhonePe, a company owned by the world’s largest retail company Walmart, has acquired INR 4.27 billion (appr. $60 million) in capital from its Singapore-headquartered parent firm – as confirmed by the Registrar of Companies filings and several media reports.  According to documents sourced… Read More

India-based AI-enhanced Consumer Lending Platform ZestMoney Records Over 125% EMI Financing in 2019

India-based ZestMoney, an artificial intelligence (AI)-powered consumer lending platform, confirmed recently that last year, it managed to record more than 125% in equated monthly installment (EMI) financing. The Bengaluru-headquartered firm noted that online EMIs comprise a large portion of the Indian economy, experiencing a record-breaking… Read More

Bengaluru-based Digital Bank RazorPay Introduces Instant Refunds to Enhance Customers’ Digital Payments Experience

Bengaluru-headquartered Razorpay, a digital bank startup, has introduced its Instant Refunds product, which aims to enhance its clients’ online payments experience. The newly-launched feature activates refunds and credits the user’s source account across several different payment methods including credit cards, net banking and UPI within… Read More

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