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While there has been a funding winter in fintechs and tech startups over the past 1-1.5 years, FinTech funding witnessed a 68 per cent surge with a total of USD 436 million raised in the third quarter of 2023, revealed a recent report by Traxcn. It further adds that the funding was driven by late …
India’s FinTech funding records a 68% surge in Q3’CY23: Report Read More »
While the company’s revenues rose significantly, expenses shot up, too. In FY2023, the Bengaluru headquartered fintech reported total expenses of Rs 2,831 crore, a spike of 66% from the Rs 1,702 crore payout a year earlier. Most of this was driven by a jump in payment processing charges and employee benefit expenses.
The MoU (Memorandum of Understanding) will be signed on development of domestic card scheme of UAE based on India’s RuPay debit and credit card stack.
In the upcoming months, there will be an integration process with both entities (Slice and North East Small Finance Bank) working diligently to ensure a smooth transition for all its customers.
Several ZestMoney borrowers have alleged loan closure discrepancies with ZestMoney including the deduction of EMIs even after the loan is closed and low CIBIL scores with closed loans being shown as open.
The licence, granted by the Monetary Authority of Singapore (MAS), will allow Ripple to provide regulated digital payment token services. It had received initial approval in June.
The collaboration between Bhashini and RBIH comes against the backdrop of a transforming fintech sector, driven by increased smartphone penetration and reduced data usage costs.
For Slice which has been running as a non-banking finance company for the last four years, the option was to either convert itself into a bank by applying for a fresh licence or acquiring one (after crossing the five-year mark as an NBFC).
The MoU (Memorandum of Understanding) will be signed on development of domestic card scheme of UAE based on India’s RuPay debit and credit card stack, the official added.
The Major Payment Institution (MPI) licence, granted by the Monetary Authority of Singapore (MAS), will allow Coinbase to offer digital payment token services to individuals and institutions in Singapore, which has emerged as a centre for crypto in Asia in recent years.
