Cross-border norms bring ePay companies directly under RBI watch
With regulatory clarity comes an opportunity to attract more venture money to tap into the burgeoning export-import market of a growing economy.
Fintech News
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Sam Bankman-Fried trial gives jury inside view of FTX’s final days
Sam Bankman-Fried’s fraud trial has given an unprecedented window into how a group of graduates from elite US universities in their late 20s and early 30s tried, and ultimately failed, to avert one of the biggest and swiftest corporate meltdowns ever. Now, the former billionaire’s fate could hinge on how jurors view his actions in …
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Housing.com invests in fintech start-up Easiloan
Housing.com has made an undisclosed investment in Easiloan, a fintech startup specializing in digitizing the home loan process. Easiloan, founded in 2021, offers personalized home loan solutions through partnerships with over 20 banks in India. The investment capitalizes on the growing home loan market, with an estimated 16% growth in the home loan portfolio from …
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Crypto Price Today: Bitcoin jumps over $35,300 after Fed keeps rates unchanged; crypto market cap crosses $1.3 trillion
The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.
Angel One to focus on inorganic growth; makes first acquisition through Dstreet Finance
The development comes as the brokerage firm is looking to double down on its ‘fintech superapp’ play, and introduce more services, such as insurance and lending, on its platform amid competition from rival broking firms Zerodha and Groww.
Fintech firm Perfios rejigs its top deck
The changes are part of the company’s preparation for a public listing over the next 18-24 months as well as global expansion, chief executive officer Sabyasachi Goswami told ET.
UPI payments witness uptick in October, clocks over 11 bln transactions
From UPI 123Pay to UPI-PayNow linkage, new developments in UPI are redefining the payment infrastructure and transforming the digital payment space. NPCI’s latest data shows a slight uptick in UPI transactions for the month of October, clocking 11.41 billion transactions.
Turkey To Toughen Law On Crypto Assets
“We will submit a law proposal on crypto-assets to the parliament as soon as possible. After that, there will be no reason for Turkey to stay in that grey list, if there are no other political considerations,” said Mehmet Simsek, Finance Minister of Turkey.
Temple Donations and Panchayat Payments Go Digital With PoS Devices
The Indian government, in line with the Digital India policy, is developing applications to enable digital payments for various government departments. In addition, the NIC is testing the digitisation of temple donations in partnership with payment major Worldline.
Brazil’s QI Tech raises $200 million in General Atlantic-led round
QI Tech, a Brazilian financial services provider to businesses, raised 1 billion reais ($200 million) in a Series B round led by General Atlantic to fund future acquisitions while preparing for a potential public offering, the company said on Tuesday. The Sao Paulo-based firm provides banking services and digital infrastructure for businesses. With the funds, …
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