Walmart, the world’s biggest retailer, said its digital payments firm PhonePe has a total payment value (TPV) of $1.3 trillion, equalling some of the largest fintech players in its home market of the US, indicating the Indian firm’s market cap potential when it lists.
Teng has indicated that he plans to adopt a conventional corporate structure for the world’s largest crypto exchange, including naming a headquarters and board of directors, as well as providing greater financial transparency.
The fintech world which has seen a huge disruption in the last few years, is set to consolidate on the growth and see more advances in areas such as AI and machine learning.
RBI proposes to increase UPI auto payments limit to Rs 1 lakh without OTP for e-mandates like mutual fund subscriptions, insurance premiums, and credit card repayments. Previously, OTP was required for payments exceeding Rs 15,000. This exemption will apply to transactions up to Rs 1 lakh for recurring payments of mutual fund subscriptions, insurance premium …
No OTP authentication required for these UPI auto payments up to Rs 1 lakh Read More »
Bitcoin has surged more than 60% since the middle of October, when speculation jumped that the Securities and Exchange Commission was on the verge of signing off on ETF applications from the likes of asset management powerhouse BlackRock. The token was trading at about $44,100 on Friday. Read on to know more:
Large NBFCs like Aditya Birla Finance and Poonawalla Fincorp have informed the fintech startups they do business with that they will no longer provide capital for the highly risky buy-now-pay-later (BNPL) and very small ticket size consumer loans.
Unveiling the monetary policy, Reserve Bank Governor Shaktikanta Das said the limit for various categories of unified payments interface (UPI) transactions has now been enhanced to Rs 5 lakh per transaction from the present Rs 1 lakh for payments to hospitals and educational institutions.
The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi’s financial regulator, a spokesperson for Binance said on Thursday.
FinTech has been the second most invested sector by family offices in India. Unlike earlier, family offices are now taking on more risky bets and investing in startups, fintechs and new-age tech companies compared to safer investments like in traditional companies. This year, India has seen 2 new family offices, adding to a total of …
167 family offices in India, FinTech second-most invested sector in 2023: Data Read More »
While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has seen a rise in the last 4-5 months, and witnessed a slight uptick in the amount raised in the …
FinTech funding witnesses slight uptick in November, total $122 mn raised Read More »
