Tagged: india

June 15, 2020 @ 11:49 am By Samantha Hurst  |  

India-based banking group Icici Bank announced on Monday the launch of its end-to-end fully digital facility, Insta Flexicash. According to ICICI Bank, the facility enables the bank’s Salary Account customers to get approval for overdraft instantaneously and in a paperless manner. “The facility comes handy… Read More

June 15, 2020 @ 7:28 am By Omar Faridi  |  

WhatsApp Payments, an in-chat payment feature that lets customers perform transfers through the messaging app to anyone in their contact list, may finally be on track to achieve mass adoption in India. WhatsApp is owned by Facebook, (NASDAQ:FB) who bought the social media platform in… Read More

June 14, 2020 @ 9:23 pm By Omar Faridi  |  

Indian financial services group IIFL (India Infoline) recently introduced an initiative that aims to support local Fintech firms that might be experiencing challenges due to COVID-19. IIFL’s initiative, #IIFLDisrupt, aims to assist Indian Fintechs by providing funding, and potentially becoming their first client. IIFL also… Read More

June 14, 2020 @ 7:52 pm By Omar Faridi  |  

Vinay Pagaria, co-founder at India-based 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, has revealed that the platform now has 1 million registered users. Pagaria claims:… Read More

June 14, 2020 @ 6:48 pm By Omar Faridi  |  

Sidharth Sogani, a Certified Bitcoin Professional and CEO at CREBACO Global Inc, a credit rating firm for exchanges, blockchains and coin offerings, has argued that it’s clear the Indian government hasn’t figured out how Bitcoin (BTC) works. There’s a new proposal that aims to ban… Read More

June 13, 2020 @ 9:36 am By Omar Faridi  |  

Indian officials are reportedly considering passing a law that would ban the use of decentralized cryptocurrencies.  As reported by India’s Economic Times, the nation’s government might see a legal framework as being more effective than the Reserve Bank of India’s (RBI) blanket ban on crypto-assets…. Read More

June 12, 2020 @ 6:25 pm By Omar Faridi  |  

David Chan, CEO at Monedo (previously Kreditech), a point of sale (PoS) lender that claims to have more than one million customers who have reportedly received over 2 million loans (as of March 2020), says that the online lender has a global addressable market of… Read More

June 10, 2020 @ 10:30 am By Samantha Hurst  |  

India-based fintech Tabby announced this week it raise of $7 million through its latest funding round, which was led by Raed Ventures with participation from MSA Capital and existing investor Arbor Ventures. Founded in 2019, Tabby states it provides customers with the flexibility to pay… Read More

June 9, 2020 @ 11:30 pm By Omar Faridi  |  

Centralized digital asset exchanges such as CoinDCX and WazirX in India have been aggressively marketing their services to the nation’s residents, after the Supreme Court of India struck down the Reserve Bank of India’s (RBI) blanket ban on crypto-asset businesses in March 2020. Peer to… Read More

June 9, 2020 @ 10:32 pm By Omar Faridi  |  

Philippines based Ayannah, an online financial services provider, and India’s payments firm Equity Capital Advisors (ECAPS) have merged their operations in order to provide cost-effective and more accessible financial services to South Asia and Southeast Asia’s growing middle-class population. The merged entity will aim to… Read More

June 9, 2020 @ 9:49 pm By Omar Faridi  |  

NSRCEL, a startup hub established at the Indian Institute of Management Bangalore (IIMB), has released its list of 25 Fintech companies that have been shortlisted to take part in a 15-month business and product development program. Through the program, these Fintech startups can expect to… Read More

June 7, 2020 @ 10:30 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) noted on June 5, 2020, that it will be establishing a Payments Infrastructure Development Fund in order to promote digital payments adoptions across the nation, which is struggling to cope with the deadly COVID-19 outbreak. The RBI confirmed that… Read More

June 6, 2020 @ 2:56 pm By Omar Faridi  |  

Nischal Shetty, founder and CEO at WazirX, an Indian cryptocurrency exchange acquired by Binance, claims that government agencies in the country have begun to take more interest in understanding and even helping to grow the nation’s nascent digital asset and blockchain ecosystem. Shetty noted via… Read More

June 5, 2020 @ 10:00 pm By Omar Faridi  |  

The digital asset and blockchain space is still in its infancy or early stages of development. There are many companies working on developing key infrastructure needed to support emerging cryptocurrency businesses. Cybersecurity, ID verification, AML/KYC processes, and even cryptocurrency-related insurance services are already being developed… Read More

June 4, 2020 @ 10:47 pm By Omar Faridi  |  

India’s only publicly-listed Fintech company, 5paisa, revealed on June 3, 2020 that it would be giving its workers a 15% raise on their salaries and will also be offering advance bonus payouts in order to improve or boost employee morale. 5paisa’s generous move has come… Read More

June 4, 2020 @ 9:00 am By JD Alois  |  

Paxful, a peer-to-peer Bitcoin marketplace, has recently entered India – a country that has recently seen a change in rules that have enabled crypto exchanges to operate thus opening the door to a huge market. Paxful states that an in-house survey about the future potential… Read More

June 3, 2020 @ 10:45 pm By Omar Faridi  |  

CoinSwitch.co, an established aggregator of digital asset exchanges in India, recently introduced CoinSwitch Kuber, which is the Indian Rupee (INR) cryptocurrency exchange mobile app designed specifically and “exclusively” for the Indian market. This launch has come during very challenging times as the world tries to… Read More

June 1, 2020 @ 5:13 pm By Omar Faridi  |  

Zebpay, a digital currency wallet and exchange provider that began its relaunch in India earlier this year, will be working with blockchain security and analysis firm Chainalysis to monitor crypto-asset transactions performed across its platforms for Indian consumers. Chainalysis had already been providing its Know… Read More

June 1, 2020 @ 10:52 am By JD Alois  |  

  BHIM, or Bharat Interface for Money, an India based payment app may have experienced a massive data leak according to a post by VPNMentor. The site claims that a misconfigured AWS S3 Bucket has exposed the information of over 7 million individuals. BHIM has… Read More

May 30, 2020 @ 7:47 pm By Omar Faridi  |  

  Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base. Pylarinou confirms that the valuations of later-stage Fintech companies have… Read More