Tagged: india

India’s Major Fintech Paytm Looking to Strengthen its PG Biz via Acquisition

Alibaba-backed Indian major Fintech major Paytm is reported to be in talks with a few domestic payment gateways for a possible acquisition as it firms up its strategy to go public this year. Paytm, owned by financial services firm One97, plans a $3 billion initial… Read More

Bitcoin has Given Investors in Emerging Markets Access to a High-Performing Asset: Report

2020 was a really important breakout year for Bitcoin (BTC), as an influx of institutional capital “spurred” the digital asset to set new all-time highs, Chainalysis notes while pointing out that many individuals and countries may have benefited from the booming prices in the crypto… Read More

Bengaluru’s Digital Payments Fintech Cashfree Receives Strategic Investment from State Bank of India

The State Bank of India (SBI) (NSE:SBIN), a multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra, reports that it has made a strategic investment in Paypal-incubated digital payments Fintech Cashfree. Launched in 2015, the Bengaluru-headquartered Fintech firm handles more than… Read More

UK Fintech Wise Introduces Remittance Payments Services in India, as Company Expands Operations with Mumbai Office

UK-based Fintech firm Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai. This move by London-headquartered Wise has come after the company began supporting Google Pay users… Read More

UK’s Barclays and Fintechs Starling, Monzo are Reportedly Blocking Money Transfers to Crypto Exchanges

Major banking institutions in the UK like Barclays have decided to block or prevent their clients from transferring money to virtual currency exchanges. Digital banking Fintechs such as Monzo and Starling Bank have also been cracking down on crypto-related entities and transactions they may be… Read More

India’s Consumer Lending Fintech ZestMoney Expects Steady Revenue Growth, as BNPL Market Expands

India has a GDP of about $3 trillion which is relatively small when compared to the size of its population (estimated to be around 1.5 billion). There are also many unbanked and financially underserved consumers and businesses across the country. India also does not have… Read More

Indian Fintech Razorpay Explains how its Instant Settlements Helps SMEs Quickly Access Working Capital

Indian neobank Razorpay notes in a blog post that we are living in a world with “ever-increasing” consumer expectations and “endless options” to choose from these days. The Razorpay team points out that competition among businesses has been increasing over the years. This has helped… Read More

Digital Banking: India based Paytm Payments Bank Reports Strong Growth and Continued Support for UPI

India-based Paytm Payments Bank Ltd (PPBL) says it’s “revolutionizing” the nation’s digital banking sector which has grown significantly during the past four years. Today, Paytm Payments Bank offers modern Internet banking services that are accessible via smartphones. Paytm provides current and savings accounts, fixed deposits… Read More

India-Based Integrated Payments Provider FSS Announces Prepaid Multi-Currency Card Offering Enhancements

    Financial Software and Systems (FSS), a globally leading provider of integrated payment products and a payments processor, announced on  Tuesday significant enhancements to its prepaid multi-currency card offering, aimed at providing greater choice, security, and convenience to international travelers.  According to FSS,  FSS… Read More

Standard Chartered and Tazapay Agree to Offer Digital Escrow Services via B2B Marketplace Proxtera

Standard Chartered (LON: STAN)  has committed to a Memorandum of Understanding (MoU) with payments company Tazapay in order to provide digital escrow services to buyers and sellers interested in trading globally via Proxtera, a B2B marketplace network. The initiative is Standard Chartered’s very first escrow-as-a-service… Read More

KuCoin Joins Forces With Cashaa to Combat COVID-19 Crisis in India 

    Singapore-based global cryptocurrency exchange KuCoin announced on Wednesday it has teamed up with Cashaa, a blockchain-based financial platform, to combat the COVID-19 crisis in India. KuCoin reported that as part of its charity initiative in India, the crypto platform has pledged ₹2 million worth… Read More

Asian Merchant Commerce Platform Pine Labs Acquires Additional Funding, Now Valued at $3B

Mastercard-backed Pine Labs, an Indian merchant commerce service provider, has finalized the first close of $285 million in funding at a $3 billion valuation. Pine Labs provides payment terminals, invoicing tools, and working capital to over 150,000 merchants in the Middle East and other regions… Read More

Wise Integrates With Google Pay to Allow U.S. Users to Transfer Funds to India & Singapore

  Fintech Unicorn and stealth bank Wise announced on Tuesday it has integrated with Google Pay to allow U.S. users to transfer funds to friends and family in India as well as Singapore. Wise reported that through the integration, all Android and iOS Google Pay users in the U.S. may send… Read More

Federal Bank Joins Forces With Mashreq Bank to Offer Instant Money Transfers From UAE to India

  Federal Bank announced on Monday it has joined forces with UAE financial institution Mashreq Bank to facilitate money transfers from the UAE to India. According to Federal Bank, the partnership will support Mashreq’s payment product, QuickRemit. Federal Bank further revealed that the partnership will… Read More

Revolut Supports COVID-19 Relief Efforts For India By Temporarily Waiving Fees On Cross-Border Remittance Payments

  Digital bank Revolut announced on Monday it is temporarily waiving fees on cross-border remittance payments made to India, following the country’s latest surge in COVID-19 cases. As of this weekend, India has more than 400,000 COVID-19 cases and 7-day average of deaths more than 3,700. … Read More

Bhavik Vasa: CEO at Asian Revenue-based Financing Fintech GetVantage Says Startups Should Focus on Sustainable Growth

We recently caught up with Bhavik Vasa, founder and CEO at GetVantage, which is India and Southeast Asia’s first revenue-based financing Fintech platform. Vasa talked about the different challenges entrepreneurs face as they work on developing new products and services. Vasa explained how GetVantage‘s unique… Read More

ICICI Bank Unveils Digital & Contactless Banking Platform For Merchants “Merchant Stack”

India-based banking group ICICI Bank announced on Thursday the launch of its digital and contactless banking platform for merchants, Merchant Stack. According to ICICI Bank, Merchant Stack provides a bouquet of banking solutions and value-added services in ‘one single place for the retailer eco-system. The main… Read More

BTC Dominance Fell to Lowest Level Since July 2018, but New Crypto and Blockchain Developments Reveal Maturing Digital Asset Space: Report

Bitcoin (BTC) dominance recently dropped to 50.2% (but has increased slightly to 50.7% at the time of writing) for the first time since July 2018, Bloqport reports. Bitcoin dominance represents the total share of the digital assets market that BTC claims. Notably, the BTC price… Read More

Revolut to Expand in India, Will Hire 300 Staff as Part of Expansion: Report

Digital bank Revolut is expanding into India, according to multiple reports. India, with a population of over 1.3 billion, assets of public sector banks are around Rs. 107.83 lakh crore or USD $ 1.52 trillion as of 2020, according to a recent report. In India,… Read More

Indian Fintech Razorpay Secures $160M in Funding from GIC, Sequoia, Ribbit Capital, Matrix Partners

Indian neobank Razorpay notes that it’s been a challenging time for people across the globe. COVID-19 has disrupted lives in many different ways, the company adds in a recent blog post. Razorpay points out that with over a year since the first lockdown, Indian businesses… Read More

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