Since its launch in early May last year, the company has already roped in 140 brands on its network, offering its rewards currency POPcoins and replacing traditional loyalty programs and points system. POP’s currency can be redeemed across various brands, similar to an alternate form of payment currency during shopping.
Paytm Payments Bank transitions users to other banks following RBI guidelines. Paytm Fastag users can still pay at toll plazas with existing balance. Refund recommended due to non-transferrable nature post NHAI’s removal from Fastag issuers list. Considering, RBI has banned Paytm Payments Bank from accepting deposits, there’s no way to top-up the Paytm-issued Fastags.
Based on responses from 28 NBFCs, 80% were profitable in the first three quarters of FY23, as opposed to 68% in FY 22-23, said the report. Fintech Association for Consumer Empowerment (FACE) is an industry body that tracks the progress of digital loans.
PB Fintech, the promoter of Policy Bazaar, on Wednesday said its board has approved the incorporation of a wholly-owned subsidiary to carry on the business of payment aggregator.
How have wholesale and retail CBDC pilot projects fared in India? How do proposed enhancements in CBDC-R align with the evolving needs of our digital economy? How will interoperability between CBDC and existing payment systems like UPI be ensured? What are the barriers hindering widespread CBDC adoption in India? Catch us LIVE today at 2 …
FinTech Diary LIVE Episode: Leading the CBDC Transformation Read More »
Founders of mid-scale startups, who spoke to ET, said existing investors in their companies are demanding exits even at reduced valuations.
The power to freely withdraw coins from investors’ registered wallets with exchanges can be misused in different ways.
Smaller tokens, known also as “altcoins”, have drawn in flows of their own. The solana network’s sol token has gained 19% in the latest week, while avalanche’s avax coin has risen by 17%, according to Coingecko. In Tuesday’s U.S. premarket, shares of Coinbase slid 5.7%, while crypto miners Riot Platforms and Marathon Digital fell 4.1% …
Shivam Thakral, CEO of BuyUcoin, said, “The FOMC meeting is expected to see no change in rate hikes. But the volatility is still expected from Jerome Powell’s press conference.” Meanwhile, other popular crypto tokens such as BNB (-7%), Solana (-7.6%), Cardano (-7.2%), Avalanche (-4.6%), Dogecoin (-12%), Shiba Inu (-11.6%), and Polygon (9.5%) declined.
Some of the top blockchain projects at the moment include the Render Network, a blockchain platform for peer-to-peer sharing of AI-generated graphics, Fetch.AI, a platform to build AI apps and SingularityNET, an AI services marketplace. “Investors are starting to realize that if you want real value, you need products that are uncorrelated to the crypto …
Cryptoverse: AI tokens outpace record-breaking bitcoin Read More »
