The super.money app, backed by e-commerce platform Flipkart, aims to democratise access to financial services by leveraging Unified Payments Interface (UPI) infrastructure, its Founder and CEO Prakash Sikaria said on Thursday.
The payment aggregator license enables Hitachi Payment Services to expand its digital solutions and services, offering a suite of innovative and merchant-friendly payment options including UPI, Netbanking, Cards, and Wallets, along with value-added services such as EMI, Paylater, Buy Now Pay Later (BNPL), Link-Based Payments, and loyalty solutions for merchants.
India has recently introduced new notifications to clarify KYC and co-lending standards for fintechs. Similarly, the consumer financial protection bureau in the US is preparing to develop guidelines under Section 1033 of the Dodd-Frank Act, which aims to empower customers by giving them control over their financial data and the right to access and share …
Monthly instant payments jump 4x in 3 years: Study Read More »
A report by BCG and QED Investors revealed that it expects a FinTech market size of about USD 1.5 trillion in revenue by the year 2030. The report further highlighted that fintech revenues are thriving, there is no capital shortage in the fintech sector and that public fintechs are moving towards profitable growth even though …
$1.5 trln FinTech market size expected by 2030: Report Read More »
The window will be open for 2 hours on last working Wednesday of every month in RBI’s central office building in Mumbai.
Fintech-focused venture capital fund Cedar-IBSi Capital has raised funding from Middle East-based AMC HFPCG. It did not disclose the size of the investment.
India’s fintech sector has been bearing the brunt of strict regulations by the RBI, which has also led to investors losing confidence in the startups. However, industry leaders believe these regulations will only make the ecosystem stronger.
With the exponential growth of online purchasing, BNPL services are increasingly being accepted as a form of payment at the point of sale.
Focused on women’s finances, Lxme has secured $1.2 million in seed funding. Kalaari Capital led the round through its CXXO initiative, backing female-led businesses. The startup will capital for brand building and user acquisition across the country.
Prosus’s fintech arm, PayU, reported a consolidated revenue increase of 22% in FY24, reaching $1.1 billion. This growth can be attributed to the success of their Payment Service Provider (PSP) businesses in India and Turkey, alongside continued expansion in their India credit operations and the global payment operations (GPO) business.
