The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today have announced their intent to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The goal is to provide instantaneous, low-cost fund transfers directly from one… Read More
DBS (SGX:D05) has introduced real-time online tracking of cross-border collections for companies in India through a partnership with SWIFT Global Payments Innovation (gpi). DBS is reportedly first bank in India and the Asia-Pacific region to provide this service to customers, which should benefit around 4,000… Read More
Hedera Hashgraph, the “most used,” sustainable, enterprise-grade public network for the decentralized economy, reveals that the Indian Institutes of Technology Madras (IITM) has become the latest member of its Governing Council. The technology-focused University has joined a rotating Council of “up to” 39 international organizations… Read More
NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More
ICICI Bank, a privately-owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra, reveals that it has enabled its savings account clients to pay and manage credit cards bills at any bank by using the Bank’s mobile… Read More
NatWest Group, National Australia Bank, Canadian Imperial Bank of Commerce, and Itaú Unibanco will reportedly be conducting the Global Open Finance Challenge, which will aim to promote innovation and the development of new services for a globally accessible, Open Finance ecosystem. The four banking institutions… Read More
There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More
Rahul Chari, CTO and Co-Founder at PhonePe, one of India’s leading payments app providers, recently confirmed that they’ve onboarded 300 million users after launching operations around 5 years back. Chari writes in a blog post that they launched the PhonePe app on August 28, 2016… Read More
GoldenSource, an independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) services, reveals that it’s creating 50 new professional jobs at its Mumbai offices. As first reported by Finextra, the new roles are being created to support GoldenSource’s expanding software product portfolio… Read More
Neobanking Fintech Razorpay has teamed up with Shiprocket in order to provide end-to-end digital commerce solutions in India. As noted in the update from Razorpay, e-commerce has changed the “way we live, shop, and do business.” And, virtual payments have served as a catalyst in… Read More
Biometrics firm, Fingerprint Cards AB, and Seshaasai, an established smart card manufacturer in India with a strong APAC presence, have entered into an agreement “to develop, launch, market, and sell” contactless biometric payment cards in India and the wider APAC region, according to a release…. Read More
Sumit Gupta, Co-founder and CEO at CoinDCX, one of India’s largest and most established cryptocurrency exchanges and liquidity aggregators, recently shared important insights exclusively with Crowdfund Insider. Notably, CoinDCX recently finalized a $90 million investment round, becoming India’s first crypto-focused Unicorn. During our conversation, Gupta… Read More
SATYA MicroCapital has reportedly acquired ₹135cr (appr. $18.17 million) in capital. The past year has been quite challenging for non-banking finance companies (NBFCs), especially when it comes to acquiring funds, because of the “liquidity crisis” in the sector following the Covid-19 outbreak. As mentioned in… Read More
FalconX, a one-stop shop for institutional cryptocurrency market participants, has raised a $210 million Series C financing round led by Altimeter Capital. The new funding round valued the platform at $3.75 billion and saw Sapphire Ventures and existing investors B Capital Group, Tiger Global Management,… Read More
GyanDhan, a Fintech facilitating education loan in India, has received an NBFC license from the banking regulator Reserve Bank of India to start disbursing credit as the country slowly recovers from the Covid-triggered crisis. Following the permit, the company aims to disburse $87 million worth… Read More
Even as India continues to debate the legality of crypto, CoinDCX has turned into the country’s first crypto unicorn following a $90 million funding round led by Facebook Inc. co-founder Eduardo Saverin and B Capital Group. Existing investors, Coinbase Ventures, Polychain Capital, Block.one, and Jump… Read More
Digital assets firm Coinbase (NASDAQ: COIN) announced that it’s funding scholarships in India for the Dapp Ethereum Bootcamp, which has reportedly been founded by a former Coinbase engineer. Coinbase confirmed that it will be covering 90% of costs “for 10 talented individuals to attend inaugural… Read More
It’s raining Unicorns in India’s startup ecosystem. Mindtickle Inc., which provides an artificial intelligence-based tool to improve sales and product knowledge, has become the 20th Unicorn of the year by hitting a $1.2 billion valuation following a funding round led by SoftBank Group Corp. The… Read More
Indian Fintech Razorpay notes that a current account is usually a “feature-loaded” banking product that’s designed to streamline money movement for businesses. The Razorpay team writes in a blog post that just like any other bank account, a current account has a few “standard features”… Read More
Indian Fintech BharatPe has turned into a Unicorn after raising around $370 million in Series E from Tiger Global, Dragoneer Investor Group, and Steadfast Capital at a $2,85 valuation. The New Delhi-based startup has become the 19th Indian startup to achieve a Unicorn status this… Read More
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