Tagged: india

June 13, 2025 @ 5:11 am By Omar Faridi  |  

PhonePe Limited announced an IP purchase of conversational engagement platform Gupshup’s proprietary ‘GSPay’ technology stack for enabling UPI-based payments for feature phones. GSPay is a mobile application built “on top of NPCI’s UPI payment solution for feature phones (UPI 123PAY).” PhonePe plans to customize and… Read More

June 8, 2025 @ 3:55 pm By Michael Wong  |  

The Philippines and India are accelerating efforts to strengthen collaboration in financial technology and broader development cooperation, as both nations seek to harness digital innovation to drive economic growth. Finance Secretary Ralph Recto recently held talks with Indian Ambassador Harsh Jain to identify new avenues… Read More

May 24, 2025 @ 6:11 pm By Michael Wong  |  

India has established a new Payments Regulatory Board (PRB), a significant move that restructures the oversight of the country’s rapidly expanding digital payments ecosystem. The formation of the PRB under the Payments Regulatory Board Regulations, 2025, reflects a hybrid model of governance between the Reserve… Read More

May 14, 2025 @ 2:12 am By Omar Faridi  |  

Global fintech platform Pine Labs and India’s private sector J&K Bank, seek to enhance credit issuance in India by introducing a tech-first RuPay Credit Card for the bank’s customers. The RuPay Credit Card can also be “linked to UPI for seamless credit transactions.” Developed using… Read More

May 12, 2025 @ 10:39 pm By Tony Zerucha  |  

EBANX, a global technology company specializing in payment services for emerging markets, has integrated UPI Autopay — the recurring payments feature of India’s instant payments system, Unified Payments Interface (UPI) — into its cross-border payments platform. Operating in India in a partnership with YES BANX, a private sector… Read More

May 7, 2025 @ 7:10 pm By Omar Faridi  |  

Fintech PhonePe announced the launch of its “next-gen” SmartSpeaker, an upgraded version, designed to meet the evolving business needs of merchants. Built on the foundation of the original SmartSpeaker, the “next-gen version is Made in India.” The latest upgrade reportedly “retains the features of its… Read More

May 2, 2025 @ 4:11 am By Omar Faridi  |  

Swiss-based banking technology provider Temenos (SIX: TEMN) initiated a major workforce reduction, eliminating several hundred positions across its offices in India. This move is part of a broader strategic realignment aimed at optimizing the company’s global operations and enhancing its focus on high-growth markets. The… Read More

April 30, 2025 @ 9:20 pm By Omar Faridi  |  

In a significant development for India’s startup ecosystem, the Enforcement Directorate (ED) reportedly detained Puneet Singh Jaggi, co-founder of BluSmart, from a Delhi hotel on April 25, 2025. The detention is said to be linked to an ongoing investigation into alleged financial irregularities at Gensol… Read More

April 20, 2025 @ 8:01 pm By Omar Faridi  |  

The Supreme Court of India dismissed a petition filed by 54 victims of the WazirX hack on April 16, 2025, seeking action against the crypto exchange and its associates. The decision underscores the persistent regulatory ambiguity surrounding cryptocurrencies in India, leaving victims of the $235… Read More

March 23, 2025 @ 10:30 pm By Michael Wong  |  

Fintech firm PayU, backed by global consumer internet group Prosus, has acquired a 43.5% strategic stake in India-based real-time payment technology provider Mindgate Solutions, bolstering its position in the country’s digital payments ecosystem. The transaction values Mindgate between $180 million and $250 million, depending on… Read More

March 18, 2025 @ 12:11 am By Omar Faridi  |  

PhonePe announced that it has crossed 600 million (60 crore) registered users on its platform. This marks a significant milestone for the company, which will mark its 10-year anniversary this year, and has grown to “serve hundreds of millions of customers with its financial services and… Read More

March 8, 2025 @ 11:22 am By Omar Faridi  |  

Lloyds Banking Group, which is one of the United Kingdom’s largest FIs serving a large and diverse customer-base, is set to cut hundreds of permanent IT jobs in the UK while simultaneously hiring engineers for similar roles in India, according to a recent FT report…. Read More

February 24, 2025 @ 9:25 pm By Omar Faridi  |  

PhonePe is announcing that the Fintech company is officially commencing preparatory steps in connection with its potential (initial public offering) IPO and intends to list on Indian exchanges. This marks a key milestone for the Fintech company, which will mark its 10-year of operations this… Read More

February 18, 2025 @ 8:00 am By Omar Faridi  |  

Eurobank S.A., a subsidiary of Eurobank Holdings, a banking group in Athens, Greece and LTIMindtree, a technology consulting and digital solutions company, joined forces to initiate cooperation focused on enhancing customer experience by improving banking operations and “building innovative IT services for Eurobank and its… Read More

February 13, 2025 @ 10:06 pm By Omar Faridi  |  

Shyft Network continues to expand its presence in India’s crypto market, announcing a partnership with Unitic for the integration of Veriscope‘s compliance solutions. The partnership comes as India‘s crypto sector continues to develop, blending traditional finance practices “with digital asset innovation in one of the… Read More

February 13, 2025 @ 12:40 pm By JD Alois  |  

Zeta, a banking tech platform, is sharing a new valuation for $50 million in funding. Zeta says pre-money valuation hit $2 billion compared to their prior valuation fo $1.15 billion at their last priced round. The prior round in 2021 was led by Soft Bank, but… Read More

February 12, 2025 @ 9:54 pm By Omar Faridi  |  

ION, a global enabler of trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that it is an empaneled vendor with the National Stock Exchange of India (NSE). This milestone registers ION’s Fidessa trading platform for “equities, futures and… Read More

January 28, 2025 @ 8:30 pm By Omar Faridi  |  

KPMG in India and The Hashgraph Group (THG), a Swiss-based international business, venture capital, and tech company operating within the Hedera ecosystem, announced an alliance. The alliance is expected to see KPMG in India and The Hashgraph Group AG (THG) collaborating to “enable and advance blockchain… Read More

January 27, 2025 @ 9:04 pm By Omar Faridi  |  

Paytm, a digital payments company in India, is gearing up for a potential revival of its banking arm, Paytm Payments Bank. The unit faced a significant setback last year when the Reserve Bank of India (RBI) effectively suspended its operations due to regulatory concerns. Now,… Read More

January 27, 2025 @ 8:49 pm By Omar Faridi  |  

U.S.-based fintech firm Broadridge Financial (NYSE: BR) is bolstering its presence in India by expanding its tech staff by 26% to 6,800 people over the next three years. This strategic move is aimed at tapping into the vast Indian market, where the company plans to… Read More