Tagged: india

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

April 12, 2023 @ 11:17 pm By Omar Faridi  |  

EbixCash Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), an international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, announced that it has received the final observation letter/clearance from the Securities and Exchange Board of India (SEBI) “for… Read More

April 10, 2023 @ 6:32 pm By Omar Faridi  |  

Apptile, an SaaS startup specializing in no-code mobile app development, has secured $2.5 million in seed funding. The funds will be used “to launch Apptile’s innovative platform, allowing Shopify businesses to create customized, high-performance mobile apps without the need for coding or design experience.” The… Read More

March 29, 2023 @ 8:49 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced the opening of its new technology center in Pune, India. The center will “augment Cowbell’s existing development centers in Pleasanton, California; Plano, Texas; and Toronto, Canada, and extend the company’s global… Read More

March 22, 2023 @ 10:27 pm By Omar Faridi  |  

KreditBee, which claims to be one of India’s leading fintech platforms, announced its partnership with PayU, a digital payments solution provider. Together, they offer customers the option “to convert their online purchases worth between ₹2400 up to ₹2 lakhs into easy cardless EMIs during checkout.”… Read More

March 21, 2023 @ 9:37 pm By Omar Faridi  |  

With their continued growth and drive to serve clients globally, Addepar is opening a new office in Pune, India. Establishing a presence in India will enable Addepar to increase their investments in research and development (R&D) and support “an increasingly global client base.” This expansion… Read More

March 19, 2023 @ 2:43 pm By Omar Faridi  |  

The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) signed recently a Memorandum of Understanding (MoU) in Abu Dhabi, United Arab Emirates to enhance cooperation and jointly enable innovation in financial products and services. Under the MoU, the… Read More

March 17, 2023 @ 8:59 am By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised an additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding reportedly comes as “a part of PhonePe’s ongoing fundraise of up to $1 billion in… Read More

March 15, 2023 @ 10:35 pm By Omar Faridi  |  

Merchant commerce omnichannel platform Pine Labs announced the appointment of Navin Chandani as the President of its Issuing Business. Issuing Business of Pine Labs claims that ii is “a market leader in the issuing of prepaid cards, gift cards, rewards, incentives, loyalty programs and several… Read More

March 1, 2023 @ 11:24 am By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces the next phase of its expansion plans, in which it will increase its global headcount by more than 20% in 2023, which includes hiring in India, Japan and other world regions for the first time. The company… Read More

February 28, 2023 @ 10:33 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, announced its strategic acquisition of Zecpe, a one-click checkout company. Zecpe enables e-commerce businesses “to improve checkout conversion by making the process quick and seamless for customers.” Zecpe will now “operate as a wholly-owned subsidiary of Cashfree… Read More

February 22, 2023 @ 5:31 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will “enable customers of participating financial institutions in Singapore and India [1] to send and receive funds between bank… Read More

February 19, 2023 @ 10:51 pm By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds, at a pre-money valuation of $12 billion. This new investment “follows the recent $350 million primary fundraise that closed… Read More

February 8, 2023 @ 9:30 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, launched ‘Co-lend’, a fully automated escrow management solution for co-lending. ‘Co-lend’ has been developed in line “with the digital lending guidelines announced by the Reserve Bank of India (RBI).” It facilitates instant disbursal “with auto reconciliation… Read More

February 7, 2023 @ 11:25 pm By Omar Faridi  |  

Innoviti Technologies in collaboration with Reliance Retail, ICICI Bank and Kotak Mahindra Bank announced the launch of in-store acceptance of retail payments via Digital Rupee – Retail [e₹-R]. After being the first to introduce dynamic QR based in-store UPI payments, Reliance Retail, in continuance of… Read More

January 31, 2023 @ 7:25 pm By Omar Faridi  |  

BharatX, an emerging white labelled credit enabler for e-commerce merchants, has  announced its partnership with Snitch – an online men’s clothing brand to offer buy now pay later services. Through the “SnitchPay” feature powered by BharatX, customers will be able “to pay for their purchases… Read More

January 28, 2023 @ 8:35 pm By Omar Faridi  |  

Worldline [Euronext: WLN], a key player focused on payments services, announced the launch of its Buland Bharat digital payments suite, which is designed specially “keeping in mind the needs and wants of small and medium businesses (SMBs) in India.” The Buland Bharat digital payments suite… Read More