This shows a staggering growth for UPI payments service in the country which recorded around 74 billion transactions in 2022 and 38.7 billion transactions in 2021. Further, monthly transactions on UPI have seen an over 49% jump, between January to December, last year, data from NPCI showed. Read more here:
Platforms moving towards profitability are anticipated to attract a significant share of funding. Investors are likely to favour fintech models showing rapid growth.
The total volume in DeFi is currently $6.98 billion, 9.69% of the total crypto market 24-hour volume. The volume of all stablecoins is now $63.22 billion, which is 87.8% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 51.04%, according to CoinMarketCap. BTC volume in the last 24 hours rose 17.7% to $31.6 …
Crypto Price Today: Bitcoin trades above $45,200; Solana, Avalanche shed up to 4% Read More »
Even as the Fed eyes rate cuts this year, fintechs believe they have an opportunity to transform retail bond investing with features the industry used to popularize stock trading, such as low-cost products, financial education tools, easy-to-use apps and fractionalized shares. Public and Apex are also offering fractionalized bond products, similar to the fractionalized stock …
US fintechs push into fixed-income trading as retail investor interest grows Read More »
Paytm introduces Recap 2023 on its platform, a yearly roundup that summarizes users’ expenditure trend, spent amount, received amount, and other details from their Paytm app usage in 2023. It includes total amount sent, total amount received, top money transfer contacts, favorite category, total number of payments made, and more. Paytm presents this comprehensive overview …
Paytm Recap 2023: Here’s how to check your 2023 financial journey with Paytm Read More »
Notably, the US SEC has rejected multiple applications to launch spot bitcoin ETFs in recent years citing that the crypto market is vulnerable to manipulation. However, in recent months, there have been increasing signs that regulators are prepared to approve at least a few of the proposed spot bitcoin ETFs.
In 2023 alone, Zerodha admitted to at least eight technical glitches with issues varying from those relating to login on the Kite app, display of orders and positions as well as order placements. To minimize the impact of any potential issues, he said they have made significant architectural changes over the years.
Bitcoin touched a 21-month peak of $45,532, having gained 156% last year in its strongest yearly performance since 2020. It was last up 2.5% at $45,318 but remains far off the record high of $69,000 it touched in November 2021. Ether, the coin linked to the ethereum blockchain network, was 1.45% higher at $2,386 on …
Bitcoin climbs above $45,000 for first time since April 2022 Read More »
While FinTech funding has witnessed a decline in calendar year 2023, Indian FinTechs raised a total of USD 2886 from January till November, 2023. As the year has ended, ETBFSI lists down the top 10 fintech fundraises of the previous calendar year 2023, according to latest data by Tracxn.
For Razorpay and Cashfree, Christmas came a week early, as after a year of being under embargo from the RBI, which halted new merchant onboarding, the startups finally managed to restart business.
