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As economic growth widens the pool of wealthy people in India, an opportunity is opening up for fintech companies to serve this base, a report by venture capital firm Elevation Capital and McKinsey India suggests. The report shows that together the niche market and the mass market will have a revenue pool of more than …
Rich Indians a big catch for fintechs, says report Read More »
In the case of the PayNow-UPI linkage, reports said that for workers staying in Singapore for a brief period, the linkage would help them save at least 10% of the amount paid as bank fees for money transfers. Accounting for persons of Indian origin and non-resident Indians, there are around 650,000 Indians in Singapore.
The partnership focuses on understanding the essential housing infrastructure and challenges lenders face in Kenya while lending to the underbanked populations.
Attributes 446% Revenue Growth to its Innovative AI Platform and the unwavering commitment of its team to deliver AI that makes the enterprise more human. Chennai, India, Palo Alto, Calif. – Business Wire India Uniphore, one of the world’s largest AI-native companies, today announced it ranked 299th with 446% growth on the Deloitte Technology Fast …
Mswipe Technologies, one of India’s leading digital payment platforms for merchants, has strengthened its executive team, headlined by the CEO, Ketan Patel being elevated to Co-founder, and Harita Desai to the CMO. The senior leadership team now comprises accomplished women leaders and industry experts.
Fintech firm PhonePe on Tuesday announced promotion of several senior officials across verticals after crossing 50 crore registered user-mark. The company said that it has become the first Indian internet company to have reached this scale of 50 crore users globally. The company had crossed 35 crore user base in January 2022.
More and more banks are looking to launch their own gold loan products and also looking to strike partnerships with fintechs like Indiagold and Rupeek that distribute secured loans.
Meanwhile, XRP advanced 3% amid Ripple’s involvement with noteworthy projects including a newly announced CBDC pilot in Georgia and its inclusion in Dubai’s virtual assets regime.
Paisabazaar also improved its Ebitda-to-revenue ratio slightly over 6-7% from the previous quarter. The PB Fintech subsidiary, which is also a credit score provider, is eyeing 15% Ebitda in FY25 and 20% in the next two to three fiscal years, Kukreja added.
PayGlocal was founded in 2021 by ex-Visa senior directors Prachi Dharani, Rohit Sukhija and Yogesh Lokhande. It runs a technology platform for payment processing and transaction risk management that is offered to merchants looking to sell to customers outside India. This helps merchants accept online payments securely, through cards and other alternative payment methods.
