Tagged: india

January 22, 2019 @ 2:06 pm By JD Alois  |  

Following a Memorandum of Understanding (MOU) which was signed last year, Inditrade Capital and Robocash Group have launched a new short-term consumer lending service in India. Robocash Group says the start of microlending operations by its subsidiary JRG FinCorp. Ltd in India is operating the service… Read More

January 17, 2019 @ 7:24 am By Erin Hobey  |  

The Indian media platform Inc42 just released its Indian Tech Startup Funding Report 2018. According to the report, during 2018 Indian startups received $11 B total funding across 743 deals. While in 2017, 4 startups took away a little more than half the funding $6.9 Bn, in 2018… Read More

January 8, 2019 @ 12:37 pm By Cali Haan  |  

Police in India say they have arrested the second-in-command of an elaborate crypto fraud that bilked investors out of 5 billion rupees (~$71.6 million USD), The Indian Express reports. The man, Rohit Kumar, has now been charged with cheating, criminal conspiracy and violation of the… Read More

January 7, 2019 @ 11:28 am By Samantha Hurst  |  

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa, and South Asia (MEASA) region, announced on Monday it has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s… Read More

January 3, 2019 @ 11:16 pm By Cali Haan  |  

Police in the Kashmiri city of Jammu have warned citizens there to avoid investing in cryptocurrencies because of “heightened risks” in relevant markets, Business Standard reports. According to the Inspector General (IG) of Jammu crime branch: “The general public is informed not to make any type of investment in… Read More

January 2, 2019 @ 12:17 pm By Samantha Hurst  |  

Reserve Bank of India (RBI) has reportedly put plans to launch its own cryptocurrency on hold as India still remains cautious about digital currencies. According to Quartz India, the Indian government has issued an update about the cryptocurrency progress, which lacked any indication towards growth… Read More

December 19, 2018 @ 2:57 pm By Samantha Hurst  |  

Singapore-headquartered Locus Chain Foundation, the developers of a next-generation blockchain protocol, announced on Wednesday it will launch an innovative digital asset exchange platform, Locus DAX in Dubai, during the first quarter of 2019. According to Locus Chain Foundation, Locus DAX will allow users to buy, sell… Read More

November 27, 2018 @ 8:20 am By Samantha Hurst  |  

India-based HDFC Bank announced on Tuesday the launch of its new next-gen mobile banking app. According to HDFC, the app offers users effortless access to their bank accounts while on the go. The app made its debut at the Bank’s annual Digital Innovation Summit 2018 (DIS) in New… Read More

November 21, 2018 @ 6:55 am By Cali Haan  |  

A court case brought against the Central Bank of India for advising Indian banks to stop serving cryptocurrency exchanges has forced the Indian government to produce an affidavit that includes a timeline on when sector regulations can be expected, Quartz reports. The advisory to stop… Read More

November 13, 2018 @ 8:41 pm By Cali Haan  |  

A fake halal cryptocurrency pyramid scheme targeting Muslim investors in India has fallen apart in the Bitcoin bear market, in part due to scrutiny from regulators, Deccan Chronicle (DC) reports. Father-and-son team Syed Fareed and Syed Afaq Ahmed reportedly tapped a network of “ulemas” (Muslim… Read More

November 4, 2018 @ 2:33 pm By Samantha Hurst  |  

Ripple has reportedly announced it is set to open a new office in Dubai by the end of 2018. According to CCN, the company’s Global Infrastructure Innovation Head, Dilip Rao, indicated at the 2018 Global Islamic Economic Summit that it will be focused on cross-border payments… Read More

November 1, 2018 @ 9:11 am By Samantha Hurst  |  

India-based banking group ICICI Bank announced on Thursday the launch of its instant digital credit facility, PayLater, which was created to enable customers small-ticket ticket items immediately in a completely digital and paperless manner. The launch of this new feature was announced days after ICICI… Read More

October 31, 2018 @ 9:15 pm By Cali Haan  |  

Politicians and regulators attending a recent meeting of the Indian Financial Stability and Development Council (FSDC) were briefed  that a dedicated “High-level Committee” chaired by the country’s Secretary of Economic affairs is, “deliberat(ing)…to devise an appropriate legal framework to ban use of private cryptocurrencies in India…”… Read More

October 31, 2018 @ 11:05 am By JD Alois  |  

Warren Buffet’s Berkshire Hathaway has moved into Fintech. Long a lover of more boring investments like insurance and rusty metal businesses, Berkshire has recently invested in two different Fintech firms. First, Berkshire backed Brazil based payments tech firm StoneCo. with a mere $300 million. StoneCo…. Read More

October 30, 2018 @ 1:24 pm By Samantha Hurst  |  

India-based banking group ICICI Bank announced on Tuesday it has teamed up with Amazon to launch a new credit card. According to ICICI Bank, the co-branded card offers a reward points program exclusive for “digitally savvy customers” and is claimed to be the first card… Read More

October 30, 2018 @ 8:32 am By Samantha Hurst  |  

Startupbootcamp announced on Tuesday it has launched its FinTech Accelerator program in Dubai in order to support the city in its bid to become what it claims to be a world leader in financial services innovation and technology. The accelerator program organizer revealed that over the… Read More

October 25, 2018 @ 9:55 pm By Cali Haan  |  

Yesterday, we reported that Indian police had detained for seven days a crypto broker in Bengaluru after he installed a Bitcoin ATM at a local mall, allegedly without necessary permissions. In response to the arrest, the man’s colleague and fellow co-founder at crypto brokerage Unocoin… Read More

October 25, 2018 @ 8:42 am By Erin Hobey  |  

Paytm Payments Bank has been in flux since this past summer when the Reserve Bank of India (RBI) put the kibosh on the platform’s plans to  onboard new customers; as indicated on its website: “Paytm Payments Bank Limited has been prohibited by Reserve Bank of… Read More

October 24, 2018 @ 10:19 pm By Cali Haan  |  

Police in the city of Bengaluru in South India arrested the co-founder of Unocoin Technologies last week after the company allegedly installed a Bitcoin ATM at a local mall without necessary permissions, Times of India reports. One ATM, two laptops, a mobile phone, credit cards,… Read More

October 19, 2018 @ 3:00 pm By Samantha Hurst  |  

India’s cryptocurrency exchange Zebpay announced on Friday it officially commenced operations from Malta. The crypto exchange reported it received a welcome from Malta’s Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister Silvio Schembri who expressed his satisfaction over… Read More