Vijay Shekhar Sharma, CEO of Paytm, discusses the opportunities offered by GIFT City and the IFSCA. GIFT City is a place where global market access and domestic technology combine, allowing for the development of innovative solutions. Sharma mentions the plan to build a technology in GIFT City that addresses the challenge of global cross-border remittances. …
Fintech firms are actively exploring the use of stablecoins, primarily focusing on cross-border payments, especially in emerging markets or with exotic currencies.
Bitcoin’s dominance is currently 51.33%, according to CoinMarketCap. BTC volume in the last 24 hours surged 33.11% to $51.02 billion. BTC has a strong support around $39k on the downside, $48k still holds as a major resistance that BTC is yet to breach, said CoinSwitch. Read on to know more:
Indians can now receive remittances from Singapore directly into their bank accounts in real-time, thanks to the new UPI-PayNow linkage announced by the National Payments Corporation of India (NPCI). This breakthrough enables users of popular UPI and bank apps, including SBI, Axis Bank, and ICICI Bank, as well as BHIM, PhonePe, and Paytm apps, to …
Indians can now receive instant remittances from Singapore via major UPI apps: NPCI Read More »
Other third-party applications and banks like Bank of Baroda, Federal Bank, HDFC Bank, IDFC First Bank, IndusInd Bank and others are set to join the linkage soon, the Mumbai-headquartered payment network added. This interoperability between the two countries is the result of the collaboration between the Reserve Bank of India (RBI) and the Monetary Authority …
The Securities and Exchange Commission (SEC) said on Wednesday it approved 11 applications, including from BlackRock , Ark Investments/ 21Shares, Fidelity, Invesco and VanEck, with most of the products expected to begin trading later in the day. Ether, the second-largest cryptocurrency, rose 0.2% to $2,590.20, after having peaked at $2,644 on Wednesday, its strongest since …
Bitcoin holds firm after regulators approve ETFs Read More »
Increasing CBDC spread, cross-border payment transactions and initiatives like BharatNet are set to prop up the struggling fintech sector that saw a drop in funding last year.
Selected companies will receive growth capital without the need to dilute their equity, thus enabling them to scale operations, accelerate product development, and expand their market reach. In 2023, Velocity significantly outperformed its previous records, disbursing over Rs 400 crore — a sum greater than its total disbursements over the last three years combined to …
Velocity announces Rs 300 cr growth capital fund for Indian B2B SaaS firms Read More »
These ETFs, which have been in the making for a decade, are a game-changer for bitcoin. They offer institutional and retail investors exposure to the cryptocurrency without having to directly hold it.
The company said it has fully deployed the original corpus and has earmarked nearly four times the amount for this follow-on fund given the inbound interest from hundreds of SaaS founders over the past 12-18 months.
