Tagged: india

India Mobile Payment Buzz: Potential MobiKwik FreeCharge Merger

According to multiple new sources, MobiKwik and FreeCharge are considering an all-stock deal merger. Post-merger, the platform also anticipates an additional $200 million (nearly Rs 1,300 crore) injection from an unnamed Chinese investor. FreeCharge, part of online marketplace Snapdeal, has reportedly been seeking a buyer for some time, having recently… Read More

Japanese IB Nomura Opens Fintech Program in Mumbai, PwC, Google, IBM & Amazon Internet Services Join Effort

Japanese investment bank Nomura has set up a fintech program in India, inviting entrepreneurs in Mumbai to build new tools for capital markets. The Voyager partnership aims to give Indian fintech specialists access to Nomura’s resources at the Mumbai innovation centre, enabling them to test their ideas using… Read More

What’s Up with WhatsApp In India?

WhatsApp seems to be laying down the groundwork for a P2P operation in India. The Facebook-owned global messaging service is currently advertising for a digital transaction lead with experience of UPI, Aadhaar and BHIM, seen as the precursor to a possible P2P payments service launch in India, according to multiple… Read More

World First Announces India Expansion, Participates in UK Economic Trade Mission to India

  World First, an international Fintech payments and currency firm, has launched its service in India as the business accelerates its international growth plan. The announcement comes as World First joins the UK Government’s trade mission to India alongside Philip Hammond, Chancellor of the Exchequer,… Read More

UK Government Trip to India Looks to Strengthen Fintech Relationships in a Post Brexit World

As the UK moves forward with the separation from Europe, government officials are looking beyond Europe to improve bilateral relationships to improve trade and other areas. As Fintech is an emerging industry that is vital to the future of Great Britain, it simply makes sense… Read More

Brief: PayPal Partners with Vistarooms.com, Fraud-Free Travel in India

Do you remember using Travelers Checks when traveling? Filling out your name on individual checks and jotting down all those checks numbers? Checking into an international American Express office to exchange money, picking up mail or making a telephone call? Collect? Lugging around a Let’s… Read More

“World’s Largest Fintech Hub” LATTICE80 Expands into India

Marvelstone Group, the private investment group behind Fintech hub LATTICE80, has signed a memorandum of understanding with the Government of Andhra Pradesh in India to open the first LATTICE80 location outside of Singapore. Headquartered in Singapore, Marvelstone is a private investment group that develops specialized investment… Read More

Yes We Can! MobiKwik Co-Founder Upasana Taku to Indian PM Modi: It’s Time to Pass the Women’s Reservation Bill

Yesterday, on International Women’s Day, MobiKwik co-founder Upasana Taku wrote to Indian Prime Minister Narendra Modi, urging him to consider the passage of Women’s Reservation Bill, which is aimed to reserve 33% of seats in Lok Sabha and all state legislative assemblies for women. Taku indicted that Mobikwik… Read More

Alibaba Continues its Push for Global Dominance with Stake in Paytm

Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports, Alibaba has led a funding round in Paytm, an Indian ecommerce and payments platform. A… Read More

Digital Lenders Association of India & PwC Publish Report on Impact of Fintech

The Digital Lenders Association of India (DLAI), a private association formed by leading Fintech companies in the online lending space such as KredX, Capital Float, Lendingkart, Finomena, Rubique, Zest Money, Indialends and Neogrowth, has released a report entitled Union Budget 2017: Impact of Digital Financial Services…. Read More

CEOs Segal & Koota Comment on Artoo’s Partnership with Grameen Koota

Grameen Koota, a pioneer in rural lending, is expanding its product portfolio and venturing into individual lending for its rural customer base by partnering with fintech firm Artoo. Grameen Koota plans to develop a digital lending model to launch individual business loans utilizing Artoo’s intelligent digital platform… Read More

P2P Lender Monexo Announces Undisclosed Strategic Partner Following Kolkata Launch

Hong Kong’s peer-to-peer lending platform Monexo announced on Monday it now has an undisclosed strategic partner. Founder and CEO of the online lender, Mukesh Bubna, reportedly stated that the new partner may be a domestic private equity fund. Bubna shared: “In 2017, our aspiration is… Read More

Securities Exchange Board of India Announces Fintech Committee Plans

The Securities Exchange Board of India (SEBI) is set to form an advisory committee dedicated to the country’s fintech industry. The committee will notably consist of experts and representatives from different fintech sectors. During Internet and Mobile Association of India (IAMAI)’s 11th Digital India Summit in… Read More

Walnut Syncs with TechProcess: Sending Money Instantly in India

Indian personal finance management apphttp://www.getwalnut.com Walnut has partnered with TechProcess Payment Services Ltd. (TPSL) to allow app users to freely transfer money across banks and cards. “Post demonetisation, number of digital payment transactions has risen up sharply in India,” commenting  Walnut CEO Amit Bhor. “We’re seeing a huge… Read More

Unicorn Spotting? MobiKwik Seeking Cash Infusion to Secure $1B Valuation

Mobile payments and digital wallet firm MobiKwik is reportedly  in talks to raise funding that would give the startup a $1 billion valuation, forging new ties with banks and offering new financial services on its growing platform, according to multiple news sources. Potential investor parties and sought funding… Read More

Student Micro-Financing Startup SlicePay Acquires P2P Lender Trustio

Lending startup SlicePay has bought Delhi-based P2P lending platform Trustio in an all equity deal which the former hopes will strengthen its team, product portfolio and infrastructure. Trustio, launched last year, enables alumni of a select number of colleges access to short-term credit sourced from their… Read More

Update: Fintechers Walnut, Artoo & CreditVidya Comment on Founders of the Union Budget 2017

CEO and founders from India-based fintech platforms Walnut, Artoo and CreditVidya weighed in to comment on yesterday’s Founders of the Union Budget 2017 given by Finance Minister Arun Jaitley, noting its potential impact in increasing access of digital services and  building a more inclusive economy: “The Budget announcements are… Read More

FICCI Report Explores Promises and Challenges of FinTech in India

The Federation of Indian Chambers of Commerce and Industry (FICCI) published a new report in January called “Leveraging the FinTech Opportunities in India” to highlight a number of topics, including digital payments, digital banking, blockchain, and online lending, to name a few. According to FICCI… Read More