Tagged: india

July 10, 2023 @ 7:01 pm By Omar Faridi  |  

PhonePe announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them with a simple and seamless settlement experience. The device comes preloaded “with the PhonePe POS App and supports transactions through tap/swipe/dip and… Read More

July 8, 2023 @ 3:23 pm By Omar Faridi  |  

Apple has reportedly removed several malicous lending apps targeting unsuspecting users in India. The apps had allegedly used unethical methods in order to collect repayments, like threatening to send deepfake nudes to the borrowers’ personal contacts. In the last week, Apple (NASDAQ:AAPL) has removed various… Read More

June 25, 2023 @ 7:07 pm By Omar Faridi  |  

Cashfree Payments, India’s leading payments and API banking company, announced the launch of CVV-free card payments for partner businesses. CVV-free payments allow customers “to experience faster, smoother, and more convenient checkouts for saved(tokenized) cards on major networks such as Visa, Mastercard, and RuPay.” By eliminating… Read More

June 23, 2023 @ 11:06 am By Omar Faridi  |  

Xapo Bank, a “fully licensed” private bank that combines traditional banking with the utility of Bitcoin and stablecoins, announced that it will begin accepting members across South Asia, including India, “making its full suite of hybrid banking services and the financial opportunities they present accessible… Read More

June 20, 2023 @ 11:02 pm By Omar Faridi  |  

Finance Secretary Benjamin E. Diokno and Ambassador of India to the Philippines Shambhu Santha Kumaran signed a memorandum of understanding (MOU) on June 19, 2023 at the Department of Finance (DOF) office in Manila “to enhance cooperation between the Philippines and India in the field… Read More

June 20, 2023 @ 9:23 pm By Omar Faridi  |  

TransBnk, the Mumbai-based Fintech startup, has successfully raised $1 million in seed funding. The investment round was “led by 8i Ventures, the early stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, amongst others.” Other contributors to… Read More

June 20, 2023 @ 9:19 am By Omar Faridi  |  

Digital asset firm CoinSwitch is getting ready to introduce a stock trading platform, so that it can meaningfully compete in a market which includes Groww and Upstox, among other service providers in India. According to an update shared by the ET, CoinSwitch intends to submit… Read More

June 16, 2023 @ 11:36 am By JD Alois  |  

IndusInd Bank has integrated Wise to enable efficient and low-cost payments and transfers. IndusInd Bank reports a customer base in India of around 34 million, with 2606 Branches/Banking Outlets and 2878 ATMs spread across geographical locations of the country. Wise is a stealth bank that… Read More

June 14, 2023 @ 6:17 am By Omar Faridi  |  

Sequoia India & Southeast Asia, the “largest” venture capital firm in the region which manages over USD 9.2 billion across 13 funds, will now be known as Peak XV Partners globally. The rebranding has “come after Sequoia Capital (US/Europe), Sequoia China and Sequoia India & Southeast… Read More

June 7, 2023 @ 6:56 pm By Omar Faridi  |  

PhonePe Group, which recently received the NBFC-AA license from RBI, announced the launch of its Account Aggregator (AA) services through its wholly-owned subsidiary PhonePe Technology Services Pvt Ltd (PTSPL). PTSPL’s Account Aggregator service “will allow Indian consumers to consent to and share all their financial… Read More

June 6, 2023 @ 8:43 pm By Omar Faridi  |  

Redseer Strategy Consultants released a report titled ‘Future of Online Payments’ in collaboration with Plural by Pine Labs. The report “highlights growth projections for the forecast period FY23-26 and shares insights on segments like UPI, Bharat Bill Payment System (BBPS), Embedded Finance, and e-commerce.” As… Read More

May 29, 2023 @ 3:26 pm By JD Alois  |  

Manappuram Finance Limited has launched a digital lending app Ma-Money. Manappuram is a gold loan platform in India.  The company went public in August 1995, and its shares are listed on the stock exchanges of Mumbai, Chennai, and Kochi. The new digital lending platform is… Read More

May 19, 2023 @ 10:12 am By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, has partnered with Tazapay, Singapore-based cross-border payments company to power their cross-border payments for Indian exporters. The partnership allows Tazapay “to settle all cross-border payments directly to Indian exporters’ local bank accounts in Rupees (INR) in one… Read More

May 15, 2023 @ 3:28 pm By JD Alois  |  

Fintech ZestMoney appears to be falling apart after its founders announced they were departing the firm. ZestMoney, is a digital EMI/  BNPL platform that has announced multiple partnerships with some pretty big firms during its brief existence. A deal with PhoneRE was in the works… Read More

May 14, 2023 @ 9:59 pm By Omar Faridi  |  

PayNearby, which claims to be one of India’s leading branchless banking and digital networks, launched PayNearby Mall—a meta commerce platform to enable easy availability of good and services, in an assisted mode at the last mile. This will soon be “integrated with the Open Network… Read More

May 5, 2023 @ 9:55 pm By Omar Faridi  |  

Cashfree Payments and YES BANK have come together to offer ‘Global Collections’, an international collection service for exporters, “who are account holders of YES BANK.” Under this partnership, the Bank’s account holders will be “able to collect payments in over 30 foreign currencies using the… Read More

April 29, 2023 @ 12:20 pm By Omar Faridi  |  

Alchemy Pay now supports India’s UPI domestic transfer payments for crypto purchases in India. By enabling users to pay by Unified Payments Interface, India’s domestic transfer system, it is possible for Indian bank account holders “to buy and sell cryptocurrency with the Indian rupee.” As a… Read More

April 29, 2023 @ 10:30 am By Omar Faridi  |  

Tide, which claims to be one of the UK’s leading SME-focused business financial platforms, announced the launch of the MSME Exchange Program (MEP) – which is described as “an initiative designed to localize entrepreneurship and foster bonds between small business owners from India and the… Read More

April 23, 2023 @ 1:54 pm By Omar Faridi  |  

The team at Gemini is pleased to announce the upcoming launch of Gemini Foundation — a non-US crypto derivatives platform. Their first derivatives contract “will be a BTC perpetual contract denominated in Gemini dollars (GUSD).” An ETH/GUSD perpetual contract “will launch soon thereafter.” Gemini Foundation… Read More

April 19, 2023 @ 6:53 pm By Omar Faridi  |  

The team at Fintech Razorpay notes that they serve a “dynamic” country of constantly evolving, “exciting possibilities.” At Razorpay, they claim to be aware that they operate in an “equally dynamic” fintech environment. In order to adapt to this “ever-changing” world, it is imperative that… Read More