Speaking on the quick Rs 500 disbursal, the CEO said it is due to the addition of more platforms which are getting more deeply engaged, as well as due to the product capabilities that we’re building. Notably, in a short period of time, the company has partnered with leading financial firms, including IDFC First Bank, …

Niro surpasses Rs 1,000 crores in overall disbursals, Rs 500 crores in last 7 months Read More »

The approval from Singapore’s court paves the way for Peak XV Partners-backed Pine Labs to shift its domicile to India. Multiple other companies of Indian origin including Meesho, Razorpay, Zepto and Udaan are in different stages of moving to India. PhonePe and Groww have already completed their migration to India.

Customers using Jupiter can automatically invest with its new Magic spends feature, which lets them invest into mutual funds or digital gold directly on every spends, removing the need to save money to invest. This helps millennials and genz specifically to invest, who have a tendency of overspending online and it also takes care of …

Jupiter introduces Magic Spends, enables auto-investing in mutual funds on every spend Read More »

Chennai lags behind Mumbai and GIFT City in fintech despite a rich banking history. The state govt’s Nov 2021 FinTech Policy aims to attract next-gen fintech firms. Key players like Yubi, M2P Fintech, Kaleidofin, FSS, and FinBlue are shaping tech-enabled financial services. The city is developing FinTech City within city limits to support fintech growth.

Industry insiders told us that while new PoS terminals are still being deployed, it’s mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.

Indian fintech giant PhonePe has launched its UPI services in Sri Lanka, enhancing cross-border fintech connectivity. The event was attended by dignitaries including the Central Bank Governor and India’s High Commissioner. This milestone partnership with LankaPay enables Indian visitors to make secure UPI payments in Sri Lanka, promoting digital transactions and financial integration between the …

You can use PhonePe on your next trip to Sri Lanka Read More »

Soon after a transaction by a scammer or the use of a mule account to purchase cryptos is tracked, the virtual digital assets (VDAs) can be moved to the proposed special account which would be under the control of a law enforcement agency (LEA).

Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.

In a significant development within India’s crypto landscape, the Securities and Exchange Board of India (SEBI) has recommended several regulators oversee crypto trade nationwide.

Dahiya plans to sell up to 54 lakh shares, while Alok Bansal intends to sell up to 29.70 lakh shares, valuing the deal at about ₹1,053 crore at the floor price.