Tagged: india

July 5, 2021 @ 12:24 pm By Priyanka Pani  |  

Global cryptocurrency exchange Coinbase is bullish about its India plans despite the uncertainties around regulations. Coinbase’s CEO Brian Armstrong announced that the company is building out an “amazing team “ in India. Sharing its ambitious plan, the US-based crypto major said that there has never… Read More

June 29, 2021 @ 11:07 pm By Priyanka Pani  |  

IDBI Intech Ltd, the technology services arm of Indian lender IDBI Bank, is looking to expand its operations into markets such as Europe, South East Asia, and Japan. The company, which provides tech and digital regulatory compliance services, is looking to acquire a few fintech… Read More

June 23, 2021 @ 9:01 pm By Priyanka Pani  |  

India is witnessing a spurt in the growth of Fintech, aiming at improving the banking experience for millions of blue-collar workers who universal lenders often ignore. These fintech startups that like to call themselves neo-banks have suddenly become the most sought after by domestic and… Read More

June 22, 2021 @ 4:42 pm By Priyanka Pani  |  

Portugal becomes one of the first countries to officially legalize cryptocurrencies by issuing operating licenses to two exchanges operating in the segment. The Central Bank of Portugal has issued operating licenses to Criptojola and Mind The Coin as “virtual asset providers” , or VASPs, in… Read More

June 21, 2021 @ 10:31 pm By Omar Faridi  |  

Progcap, a company focused on corporate-led “last mile” retailer financing solutions for Indian markets, has acquired $25 million in equity capital as part of its Series B round that was led by Tiger Global along with participation from existing investor, Sequoia Capital India. Progcap says… Read More

June 20, 2021 @ 5:41 pm By Omar Faridi  |  

Gururam-headquartered Insurtech firm RenewBuy has acquired $45 million in capital through a Series C round that was led by Apis Growth Fund II, a private equity fund that’s overseen by UK-based Apis Partners LLP, a fund manager that focuses on growth-stage Fintechs. Haitong Securities served… Read More

June 19, 2021 @ 8:53 pm By Omar Faridi  |  

ICICI Bank Ltd, a privately-owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra, has launched “ICICI STACK for Corporates,” which is described as a complete set of digital banking services for corporates and their promoters, group… Read More

June 19, 2021 @ 2:33 pm By Omar Faridi  |  

SendSpend, the remittance and wallet app, reveals that it has acquired the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). The company will now be able to issue digital money and offer cross-border remittance services from its UK head offices. SendSpend… Read More

June 14, 2021 @ 10:00 pm By Priyanka Pani  |  

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

June 12, 2021 @ 11:59 am By Omar Faridi  |  

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

June 7, 2021 @ 10:01 pm By Omar Faridi  |  

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

June 1, 2021 @ 10:20 pm By Omar Faridi  |  

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

May 31, 2021 @ 10:17 am By Omar Faridi  |  

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

May 30, 2021 @ 6:33 pm By Omar Faridi  |  

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

May 27, 2021 @ 11:47 pm By Omar Faridi  |  

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

May 27, 2021 @ 10:52 pm By Omar Faridi  |  

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

May 25, 2021 @ 10:27 am By Samantha Hurst  |  

    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

May 21, 2021 @ 7:07 pm By Omar Faridi  |  

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

May 19, 2021 @ 2:23 pm By Samantha Hurst  |  

    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

May 17, 2021 @ 10:47 pm By Omar Faridi  |  

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