Hyderabad (Telangana) [India], Validus Fintech Services Pvt Ltd has successfully secured seed funding from AUM Ventures, an Abu Dhabi Global Market (ADGM) based India focused VC Fund, and other strategic investors.
TechFini, a Mumbai-based fintech startup, has received approval from NPCI to operate as a UPI-based payment infrastructure provider. The company offers a range of products to simplify payment systems for banks and fintech companies.
According to a report by Redseer, the retail lending landscape in India is undergoing a transformation, led by younger generations, the GenZ and millennials. The digital lending industry is expected to grow at a 40 per cent CAGR.
Paytm states consistent compliance and adherence to regulations on receiving administrative warning from SEBI on Monday and said that it will submit its response to the markets regulator.
Top Indian banks like SBI, HDFC, and Axis adopt GenAI for better services. BFSI forecasts $13.2B IT spending in 2024. Setu, AdvaRisk, Velocity, and Gnani.ai assist in AI-led innovations like fraud detection, chatbots, and Microsoft partnerships. Prioritizing ethical AI, productivity, and human involvement ensures accuracy. Emphasizing UPI digitization enhances overall efficiency.
With Prime Minister Narendra Modi’s Rs 29,000 crore investment drive, Mumbai aims to ascend as a global FinTech powerhouse. Raj N, Founder of Zaggle, weighs in on the city’s potential to rival Bangalore’s tech dominance and the crucial steps needed for this transformation.
Prime Minister Narendra Modi has launched a Rs 29,000 crore investment drive in Mumbai, focusing on crucial infrastructure projects in roads, railways, and ports. This aims to elevate Maharashtra as a global financial powerhouse, with Mumbai set to lead in fintech. PM Modi highlighted the projects at Goregaon’s NESCO Exhibition Centre, emphasizing their role in …
India is expected to double retail digital payments to USD 7 trillion by 2030, according to a study by Kearney and Amazon Pay. The report, ‘How Urban India Pays’, suggests that affluent consumers lead the way with the highest Degree of Digital Payment Usage (DDPU), using various modes of digital payment for 80% of their …
India to see retail digital payments to double to $7 tn by 2030: Report Read More »
Startups in India have high expectations from this year’s upcoming Union Budget. The early-age startups expect the removal of angel taxes, whereas the health tech startups expect increased funding for the sector.
Paytm parent One 97 Communications has reported that domestic investors and mutual funds have upped their holding in the company, in the first quarter of FY25. Retail investors grew their stake by 1.3% in the quarter, while mutual funds upped their holding by 0.65%.
