Tagged: india

July 24, 2020 @ 2:06 pm By Samantha Hurst  |  

India banking group Yes Bank announced on Friday the launch of WhatsApp banking services to empower customers and enable them to bank securely from the safety of their homes. Yes Bank revealed that customers may now check their savings account balance, view recent transactions &… Read More

July 21, 2020 @ 8:49 pm By Omar Faridi  |  

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More

July 20, 2020 @ 10:27 pm By Omar Faridi  |  

The State of Bank of India (SBI) has again cautioned against the increasing number of fraudulent activities targeting unsuspecting bank account holders. The SBI is a multinational, public sector banking and financial services statutory body that’s headquartered in Mumbai, Maharashtra. Last year, it was ranked… Read More

July 17, 2020 @ 10:48 pm By Omar Faridi  |  

Qatar has a population of around 2.5 million, however, there are only around 300,000 to 400,000 Qatari citizens, as the country is home to more than 2 million expatriates. These expats are from all over the world, including the US, the UK, and other leading… Read More

July 16, 2020 @ 9:36 am By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Thursday it has formed partnerships with key players of India’s payments ecosystem, which includes Paytm Payments Bank, PhonePe, PayU, Citibank, DBS Bank, HDFC Bank, BharatPay, and Unimoni, to roll out a comprehensive payment service… Read More

July 13, 2020 @ 8:39 pm By Omar Faridi  |  

Indian digital payments giant Paytm recently acquired insurance company Raheja QBE for $74 million. Amit Nayyar, President at Paytm, has noted that the company aims to promote greater financial inclusion by helping half a billion Indians with gaining access to modern digital platforms and services…. Read More

July 12, 2020 @ 11:34 am By Omar Faridi  |  

UK-based digital asset exchange Cashaa has reportedly suffered a security breach which led to  hackers allegedly stealing over 336 Bitcoins (BTC), an amount valued at just over $3.1 million at the time of writing. Cashaa confirmed that it has suspended all the cryptocurrency-related transfers on… Read More

July 7, 2020 @ 10:12 am By Samantha Hurst  |  

India-based banking group ICICI Bank announced it has crossed a milestone of one million users on its WhatsApp banking platform. The bank reported it introduced banking services on WhatsApp three months ago to enable its retail customers to undertake a slew of banking requirements from… Read More

July 5, 2020 @ 10:09 pm By Omar Faridi  |  

FInD, a government of Maharashtra initiative that aims to match suitable investors and startups in India, confirmed on July 2, 2020, that Yuva Pay, which is part of FInD’s curated Fintech cohort, has teamed up with Yes Bank to introduce an integrated digital wallet platform…. Read More

July 2, 2020 @ 11:32 pm By Omar Faridi  |  

The Indian government has been asking local banks to work cooperatively with SMEs by providing much-needed liquidity during the COVID-19 crisis. Several local digital lenders and non-bank finance companies (NBFCs) will be offering credit solutions to Indian businesses. U GRO Capital, a Bombay Stock Exchange… Read More

July 2, 2020 @ 7:19 pm By Omar Faridi  |  

Naveen Surya, Chairman, Fintech Convergence Council & Chairman Emeritus, Payments Council of India, has noted that it’s important to understand the key challenges and opportunities created by the global COVID-19 outbreak. Surya added that we must identify opportunities across the Banking, Financial Services, and Insurance… Read More

July 1, 2020 @ 11:48 pm By Omar Faridi  |  

Vinay Pagaria, co-founder at Indian Fintech firm StockEdge, a company that helps India’s residents, particularly the younger generations, with learning more about how to responsibly and effectively invest their money in stocks and bonds, confirms that most or about 80% of the firm’s services are… Read More

July 1, 2020 @ 10:11 pm By JD Alois  |  

Digital asset investing company B21 has launched its B21 Invest app in India. According to a release, B21 Invest simplifies the purchase and management of cryptocurrencies including Bitcoin, Ethereum, and EOS. B21 Invest supports investment for as little as INR 2,000 ($25) per transaction. Users… Read More

June 30, 2020 @ 10:30 pm By Omar Faridi  |  

India-based LivQuik, a company that aims to enable the efficient movement of funds, has joined Visa’s Fintech Fast-Track Program. Visa’s fast-track program offers a new commercial framework that allows clients to easily access the payment giant’s services in order to settle transactions more efficiently. LivQuik,… Read More

June 28, 2020 @ 3:18 pm By Omar Faridi  |  

Paxful, a leading and fast-growing peer to peer (P2P) Bitcoin marketplace, recently overtook  LocalBitcoins in weekly global BTC trading volume. Paxful users reportedly traded almost $39.8 million worth of Bitcoin (globally) during the week that ended June 6, 2020. Meanwhile, LocalBitcoins reported around $39.5 million… Read More

June 27, 2020 @ 1:06 pm By Omar Faridi  |  

Slice, a Fintech company that provides various card-based products to young people in India to help manage their credit scores, has secured $6 million in capital via a round led by Japanese venture capital firm, Gunosy. Other investors that took part in the round included… Read More

June 26, 2020 @ 1:33 am By Omar Faridi  |  

K. Rajaraman, Additional Secretary, Investment and IER (International Economic Relations), in the Department of Economic Affairs, India, says that the country’s private sector should work cooperatively with the government to further improve and expand the Fintech ecosystem. Rajaraman said Fintech has enabled greater financial inclusion… Read More

June 26, 2020 @ 1:09 am By Omar Faridi  |  

A new report recommends that the Indian government should bring back subsidies for digital payments for transactions valued at less than INR 2,000 (appr. $26.50) and also implement Aadhaar-based electronic KYC checks for Fintechs, non-bank financial companies (NBFCs) and mutual funds. The report has been… Read More

June 26, 2020 @ 12:15 am By Omar Faridi  |  

Fintech firms based in India and the United Arab Emirates (UAE) plan to continue working cooperatively in order to address key socio-economic changes and challenges resulting from the global COVID-19 outbreak. India and UAE’s financial hub Dubai aim to stay on top of major changes… Read More

June 24, 2020 @ 10:13 pm By Omar Faridi  |  

IPC, a global provider of communications and networking solutions for the financial markets, has teamed up with Digital Reasoning, an established AI solutions provider that aims to better interpret human communications and behaviors. As noted in a release shared with CI: “The strategic partnership will… Read More