Some of Mobikwik’s investors have taken to social media channels like ‘X’ and Reddit to flag their concerns around changes in their investment terms and conditions. “Received an email today from MobiKwik regarding certain changes they have (made) to their P2P programme named ‘Xtra’ due to recent guidelines from the RBI. Now I can only …
P2P investors take to social media to vent against new RBI rules Read More »
Sopnendu Mohanty from the Monetary Authority of Singapore advised that Indian FinTechs should use China’s $600 trillion GMV as a benchmark for growth. He praised India’s regulatory progress but warned of future challenges, including maintaining market integrity and financial stability. Misallocation of capital and valuation inflation are some of the concerns. Watch the exclusive interaction …
Indian FinTechs should use China’s $600 Trn GMV as a benchmark: Sopnendu Mohanty Read More »
In a video shared by Ministry of External Affairs (MEA) official spokesperson Randhir Jaiswal, Secretary East Jaideep Mazumdar called PM Modi’s visit to Brunei “fruitful.” He said that Brunei Sultan received PM Modi at the royal palace and they held discussions on how to take forward the bilateral ties.
Mumbai (Maharashtra) [India], PayMate, India’s leading digital B2B payments company, has announced its partnership with NPCI Bharat BillPay Ltd. (NBBL) to launch the innovative PayMate BBPS-B2B platform. The BBPS-B2B platform seeks to enable large-scale standardization and digitization of commercial processes related to invoicing, payments, and collections across the nation while fostering an interoperable ecosystem between …
The report, titled ‘Indian Fintech Journey from Evolution to Mega Public Listings’, released on Tuesday, forecast that the combined revenue of Indian fintech firms will surge to $260 billion by the end of this decade, up from $20 billion currently. This growth would be driven by increasing consumption, deeper market penetration and advancements in artificial …
India to have 150 fintech unicorns with combined $500 billion valuation by 2030: report Read More »
London [UK], TerraPay, a leading global money movement company, proudly announces the appointment of Ralph Koker as the Global Head of Products. Ralph joins TerraPay with over two decades of experience and expertise in product strategy and development within the financial services sector.
Unified Payments Interface (UPI), the popular retail digital payments railroad is betting big on UPI Circle, the new feature around delegated payments to push the number of active users on the platform. UPI Circle is being built to solve multiple use cases for digital payment needs for different members in a single family, perhaps with …
Payment apps open pilots to cash in on NPCI’s new UPI Circle Read More »
Mumbai (Maharashtra) [India], Fibe, India’s leading fintech, has integrated onto the ONDC Network to extend credit services to the underserved parts of the country. It has become one of the first fintechs to be onboarded on the Open Network’s financial services-credit category.
Paysharp is an existing PA, which received RBI final authorisation on 30th August 2024 Friday followed by the in-principal PA license on December 2022. Paysharp is a 5 years old startup, raised two rounds of funding sum of 23 crores, last funding round was on March 2023 with the valuation of 200 crores. Paysharp holds …
POP, a fintech enabler created by ex-Flipkart employees, has launched India’s first multi-brand co-branded credit card with RuPay and Yes Bank. It boasts partners like Zomato, Blinkit, and Cleartrip to cover daily expenses. Users earn POPcoins on each transaction, redeemable within the POP app.
