SBI Singapore’s planned YONO-UPI integration with PayNow will enhance India-bound transactions. The upcoming launch of two new payments solutions by MAS and ABS aims to support e-payments. YONO Singapore’s mobile app offers comprehensive digital financial services, including remittances, bill payments, and fund transfers. Launched in October 2024, it expects 1,500 downloads this financial year.
Happy Wednesday! Banks are intensifying competition with fintechs in merchant payments and beyond. This and more in today’s ETtech Morning Dispatch.
Revenue from operations rose 18 per cent year-on-year to Rs 1,070 crore in Q3 FY25 from Rs 907 crore in the year-ago period.
India Bill Pay is the newest addition to the Beacon super app, a platform designed specifically for immigrants to Canada and now available for download on Google and iOS.
Australia-based fintech firm Findi on Monday announced that they have received the Indian central bank’s approval to acquire 100% stake in Tata Communications Payment Solutions. This news comes shortly after their acquisition of Noida-based fintech firm BankIT.
SoftBank and OpenAI, along with Oracle, are part of the Stargate project supported by President Donald Trump, investing up to $500 billion in artificial intelligence infrastructure in the United States.
Following the regulatory diktat, last year banks moved all their third-party credit card bill payments to the Bharat Connect platform. This resulted in applications like Cred settling their customers’ credit card dues via the NPCI-managed network from September.
Paytm Cloud has approved a $1 million investment in Seven Technology. The company will acquire a 25% stake in Seven, the company said in a filing to the exchanges.
Sebi plans to introduce a unique UPI address for registered market intermediaries to ensure secure payments and distinguish legitimate entities from fraudsters. The new UPI payment limit for capital market transactions is proposed to be Rs 5 lakh per day, and a special icon will help verify verified intermediaries.
Gujarat based GIFT-IFSC, a financial sector and special economic zone saw 60 FinTech registrations as per the Economic Survey 2025. GIFT IFSC has improved its FinTech rankings, climbing four places to rank 45. The innovation hub is giving them the advantage of regulatory sandboxes to test emerging technologies such as AI-driven financial services, embedded finance, …
Economic Survey 2025: FinTechs at GIFT IFSC gain momentum, 60 registered so far Read More »
