Tagged: india

India’s Future Unicorns See $58bn Valuation Amid Rising Fintech Stars

India’s fintech sector is making significant strides, with the future unicorns currently valued at $58 billion, marking a 1.8% increase from the previous year. The latest ASK Private Wealth Hurun India Future Unicorn Index 2024, released by the Hurun Research Institute, showcases notable advancements and… Read More

Google Wallet in India Comes with a Gift Cards Integration Enabled by Fintech Pine Labs

Earlier this month, Google launched its much-awaited Google Wallet app in India. Fintech company Pine Labs shed more light on the close collaboration with Google Wallet to enable “a seamless integration of Gift Cards on the product.” The ‘power of choice’ associated “with e-gifting appeals… Read More

Working Capital Fintech C2FO Launches National MSME Funding Platform in India

C2FO announced the launch of C2treds, the global fintech’s first national platform that expands working capital access “to all micro, small and medium enterprises (MSMEs) in India.” C2FO is the latest and only US-based fintech “to join the Trade Receivables Discounting System (TReDS), distinguishing itself… Read More

Fintech PhonePe Enables UPI Payment Acceptance via LankaPay Partnership

PhonePe announced that it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points at a session held in Colombo. The session saw participation from Shri Santosh Jha, the High Commissioner of India to Sri Lanka, as the Chief Guest, who highlighted… Read More

Fintech Firm CIFDAQ Launches Blockchain Operations in India

CIFDAQ, a Fintech company specializing in a comprehensive array of blockchain-based services, announced the inauguration of its operations across India, with a strategic aim to harness the potential of the nation’s burgeoning digital finance sector. Founded with the vision to streamline blockchain applications for mainstream… Read More

India Approves Binance and Kucoin for Cryptocurrency Trading

The Financial Intelligence Unit (FIU) of the Indian government has granted Binance and Kucoin, offshore cryptocurrency exchanges, the approval to register and operate as virtual asset service providers in India. This pivotal decision allows them to engage in a broad array of digital asset services,… Read More

Fintech Setu Unveils Large Language Model (LLM) for BFSI Sector

Setu, an Indian Fintech company, unveiled Sesame – India’s “first” Large Language Model (LLM) specifically designed for the BFSI (banking, financial services and insurance) sector. Developed by Setu in collaboration with indigenous AI research firm Sarvam AI, this breakthrough marks a “ChatGPT Moment” in the… Read More

Fintech EBANX and Yes Bank to Support Cross-Border Commerce in India

Yes Bank, a private sector bank in India, and EBANX, a global fintech company specialized in payment solutions for emerging markets, announced a strategic partnership for payment processing in India, for the global digital economy. This collaboration represents a significant milestone in the digital payments… Read More

India’s Central Bank Lifts Restrictions on Bajaj Finance’s Digital Lending Products

The Reserve Bank of India (RBI) has officially lifted restrictions on two digital lending products of Bajaj Finance, nearly six months after imposing curbs due to non-compliance with its digital lending guidelines. The announcement, made in a regulatory filing by Bajaj Finance, noted that effective… Read More

Working Capital Fintech C2FO TReDS Platform Goes Live with State Bank of India and Dabur India as Participants

In a significant development, C2FO, the world’s on-demand working capital platform, announced that its TReDS platform, named C2treds has gone live with India’s largest bank State Bank of India (SBI) and Dabur India Ltd. among the inaugural participants on the platform. This milestone follows the… Read More

Razorpay Takes Stride Toward Global Compliance for Export Payments with Video KYC Integration

Navigating regulatory requirements is crucial for businesses aiming to expand their reach across borders, according to an update from Razorpay. Razorpay claims that it has “taken a significant stride toward global compliance for export payments with the recent integration of Video KYC (Know Your Customer)… Read More

India: Fintech Major Paytm Overhauls Leadership, Names New Execs

Indian fintech giant Paytm has announced significant changes to its executive team following the resignation of its Chief Operating Officer (COO), Bhavesh Gupta. Gupta stepped down citing personal reasons, according to a statement released by Paytm’s parent company, One 97 Communications Ltd. His departure comes… Read More

API Infrastructure Fintech Setu Appoints Anand Raisinghani as CEO

API infrastructure Fintech Setu has announced the appointment of Anand Raisinghani as its new CEO. Anand is said to vast experience in “building high-performance teams and joins at a time when consent-based structured data sharing via the Account Aggregation model is gaining prominence.” Prior to… Read More

India’s RBI Plans Fintech Self-Regulation Framework by April 2024

The Reserve Bank of India (RBI), the apex banking authority in the nation, is gearing up to unveil a comprehensive framework for a self-regulatory organization (SRO) specifically tailored for the fintech sector. This forthcoming initiative was revealed by Governor Shaktikanta Das during the post-monetary policy… Read More

Fintech PhonePe and Star Health Insurance to Provide Insurance with Monthly Payment Options

PhonePe announced a partnership with Star Health and Allied Insurance Company Ltd., which claims to be India’s largest retail health insurance Company, to offer customers health insurance with a monthly and annual payment option. With this partnership, PhonePe users will now “be able to avail… Read More

India: Digital Lending Apps to Get Verification via New DIGITA Agency

The Reserve Bank of India is contemplating the establishment of the Digital India Trust Agency (DIGITA) in a move to combat the escalating cyber fraud. This initiative aims to clamp down on the proliferation of illicit lending applications by instituting a verification system for digital… Read More

Indian Fintech PhonePe Clients Can Make Payments via UPI at Mashreq’s NEOPAY Terminals in the UAE

PhonePe App users traveling to the UAE can now make payments using UPI at Mashreq’s NEOPAY terminals, available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions. They simply need to “scan the QR code for seamless and… Read More

KuCoin Becomes First FIU-Compliant Global Crypto Exchange in India

KuCoin, a global cryptocurrency exchange and ranked within the top seven, has announced its achievement as the first Financial Intelligence Unit (FIU) compliant global crypto exchange in India. This landmark accomplishment highlights a crucial moment in the dynamic landscape of Indian cryptocurrency amidst recent regulatory… Read More

Indian Web3 Startup Accelerator Graviton Announces New Teams Selected for Innovative Program

Graviton, one of India’s Web3-focused accelerators, has unveiled a list of teams that have been accepted into the second edition of its 16-week program. This update comes nearly a month after the syndicate-backed fund stopped accepting applications, and was preceded by “a nationwide hunt for… Read More

India, ADB Sign $23m Deal for Fintech Institute in Gujarat

The Central Government of India and the Asian Development Bank (ADB) have inked a pivotal loan agreement valued at $23 million as part of efforts to bolster the country’s fintech ecosystem. This landmark deal was signed at the Gujarat International Finance Tec-City (GIFT-City), setting the… Read More

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