Tagged: india

India’s HDFC Bank Announces New Next-Gen Mobile Banking App

India-based HDFC Bank announced on Tuesday the launch of its new next-gen mobile banking app. According to HDFC, the app offers users effortless access to their bank accounts while on the go. The app made its debut at the Bank’s annual Digital Innovation Summit 2018 (DIS) in New… Read More

Indian Government Says Regulations for Crypto Sector Expected by March

A court case brought against the Central Bank of India for advising Indian banks to stop serving cryptocurrency exchanges has forced the Indian government to produce an affidavit that includes a timeline on when sector regulations can be expected, Quartz reports. The advisory to stop… Read More

Fake Halal Crypto Ponzi Falls Apart in India

A fake halal cryptocurrency pyramid scheme targeting Muslim investors in India has fallen apart in the Bitcoin bear market, in part due to scrutiny from regulators, Deccan Chronicle (DC) reports. Father-and-son team Syed Fareed and Syed Afaq Ahmed reportedly tapped a network of “ulemas” (Muslim… Read More

Ripple Set to Open New Office in Dubai By the End of 2018

Ripple has reportedly announced it is set to open a new office in Dubai by the end of 2018. According to CCN, the company’s Global Infrastructure Innovation Head, Dilip Rao, indicated at the 2018 Global Islamic Economic Summit that it will be focused on cross-border payments… Read More

ICICI Bank Launches Instant Digital Credit Facility for Small Payments “PayLater”

Photo courtest velkr0 on Flickr: http://www.flickr.com/photos/velkr0/

India-based banking group ICICI Bank announced on Thursday the launch of its instant digital credit facility, PayLater, which was created to enable customers small-ticket ticket items immediately in a completely digital and paperless manner. The launch of this new feature was announced days after ICICI… Read More

Indian Finance Leaders Reportedly “Devising…Ban on Use of Private Cryptocurrencies”

Politicians and regulators attending a recent meeting of the Indian Financial Stability and Development Council (FSDC) were briefed  that a dedicated “High-level Committee” chaired by the country’s Secretary of Economic affairs is, “deliberat(ing)…to devise an appropriate legal framework to ban use of private cryptocurrencies in India…”… Read More

The Oracle of Omaha: Warren Buffet Gives Fintech Some Love

Warren Buffet’s Berkshire Hathaway has moved into Fintech. Long a lover of more boring investments like insurance and rusty metal businesses, Berkshire has recently invested in two different Fintech firms. First, Berkshire backed Brazil based payments tech firm StoneCo. with a mere $300 million. StoneCo…. Read More

ICICI Bank Teams Up With Amazon to Launch Co-Branded Credit Card

India-based banking group ICICI Bank announced on Tuesday it has teamed up with Amazon to launch a new credit card. According to ICICI Bank, the co-branded card offers a reward points program exclusive for “digitally savvy customers” and is claimed to be the first card… Read More

Startupbootcamp Debuts First Fintech Accelerator in Dubai

Startupbootcamp announced on Tuesday it has launched its FinTech Accelerator program in Dubai in order to support the city in its bid to become what it claims to be a world leader in financial services innovation and technology. The accelerator program organizer revealed that over the… Read More

Powerful IT Industry Association Says Crypto “Illegal” in India

Yesterday, we reported that Indian police had detained for seven days a crypto broker in Bengaluru after he installed a Bitcoin ATM at a local mall, allegedly without necessary permissions. In response to the arrest, the man’s colleague and fellow co-founder at crypto brokerage Unocoin… Read More

Brief: Satish Kumar Gupta Steps in as New Paytm Payments Bank CEO

Paytm Payments Bank has been in flux since this past summer when the Reserve Bank of India (RBI) put the kibosh on the platform’s plans to  onboard new customers; as indicated on its website: “Paytm Payments Bank Limited has been prohibited by Reserve Bank of… Read More

Crypto Broker in India Detained for Installing Bitcoin ATM

Police in the city of Bengaluru in South India arrested the co-founder of Unocoin Technologies last week after the company allegedly installed a Bitcoin ATM at a local mall without necessary permissions, Times of India reports. One ATM, two laptops, a mobile phone, credit cards,… Read More

India Crypto Exchange Zebpay Launches in Malta

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

India’s cryptocurrency exchange Zebpay announced on Friday it officially commenced operations from Malta. The crypto exchange reported it received a welcome from Malta’s Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister Silvio Schembri who expressed his satisfaction over… Read More

India’s HDFC Bank Launches Accelerator Engagement Program

India-based HDFC Bank announced on Monday the launch of its new Accelerator Engagement Program (AEP) under the Bank’s Centre of Digital Excellence (CODE). HDFC Bank reported through the new program, it will partner with leading start-up accelerators from across the globe to gain early access… Read More

Indian Fintech Bon Raises $1.1 Million to Bring Financial Services to the Gig-Economy

Bon, an India based Fintech that is providing credit to workers in the gig economy, has raised $1.1 million in seed funding led by Omidyar Network. Other funders in this round include early-stage investment firm Axilor Ventures and Better Capital’s AngelList India Syndicate. Bon provides financial services to workers,… Read More

Crypto Mining Malware Found on Hundreds of Indian Government Computers, IoT is Next

Security researchers in India have found malware that secretly mines cryptocurrencies on hundreds of local government computers, Economic Times reports. Sites for the Municipal Administration in Andhra Pradesh, Tirupati Municipal Corporation and Macherla municipality are among those affected. “CryptoJacking” attacks inject cryptocurrency mining malware (malevolent… Read More

Indian Cabinet Chaired by PM Modi Approves MoU on Blockchain Research

The Indian Cabinet, Chaired by Prime Minister Modi, has approved a Memorandum of Understanding (MoU) pertaining to “Collaborative Research on Distributed Ledger and Blockchain Technology in the context of Development of digital economy by Export-Import Bank of India (Exim Bank) with the participating member banks,… Read More

The Success Story of the Fintech Revolution in China

In the last couple of years, China has emerged as the global leader when it comes to the Fintech sector. It accounts for approximately 75% of the world market when it comes to online lending. It has seen tremendous growth in internet loan and third-party… Read More

Arizona and Illinois Ask Indian Officials to Seize Assets of Locals Implicated in Bitconnect Crypto Class Action Suit

Police Riot Gear Enforcement

Authorities in the state of Gujarat, India have been asked by representatives from Illinois and Arizona states to seize the property of Indian citizens accused of promoting Bitconnect, a “wide-ranging Ponzi scheme” that allegedly bilked investors out of an estimated $5.6 billion before it collapsed in… Read More

Paytm Adds Paytm Money Mutual Fund App to Wallet for its 850K Users Strong and Growing

Today Paytm‘s newest wallet addition, its Paytm Money app, went live on Android and iOS. In preparation for the launch, the platform reported reaped in 500K registrations to officially start Money’s operations with 850K users, with 65% of the users based in India’s top 15 cities. The announced… Read More

Send this to a friend