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Decentro, a fintech startup, secured Rs 30 crore in funding led by InfoEdge Ventures. The company intends to move its base from Singapore to India. This move aligns with other Indian startups returning home. Decentro aims to enhance its products and expand its enterprise adoption. They offer APIs for KYC, payments, and debt collection.
PhonePe i roll out UPI payments tailored for feature phone users, leveraging its recent acquisition of GSPay technology. This innovative feature-phone UPI app will provide essential capabilities such as peer-to-peer transfers and offline QR payments, specifically designed to cater to the often overlooked feature phone demographic.
Aadhaar number holders executed over 211 crore authentication transactions in May this year taking the cumulative number of such transactions to more than 15,223 crore since inception, according to a statement issued by the Ministry of Electronics & IT on Thursday.
With health insurance premiums steadily rising, fintech startups like BimaPay Finsure and Finsall are making coverage more affordable by offering premium financing—spreading payments into EMIs rather than reducing costs. Initially targeted at individuals, this model is now being extended to corporates and MSMEs, helping them manage large group insurance premiums.
India has emerged as one of the most dynamic fintech markets globally, driven by a potent combination of digital public infrastructure (UPI, Aadhaar, Account Aggregator), a mobile-first population, and regulatory clarity, a report showed on Monday.
Fintechs are no longer scrappy outsiders. They’re scaling faster than traditional players and increasingly, regulators are recognising them as a permanent fixture in the financial services industry, QED Investors’ cofounder Nigel Morris told us. In an exclusive interview during his annual visit to India, Morris said fintechs are beginning to dominate categories such as earned …
Regulators realising fintechs are here to stay: QED’s Nigel Morris Read More »
Shardeum, an autoscaling Layer 1 blockchain, is set to revolutionize payments with its PayFi initiative, targeting both micro and macro transactions. Aiming to become the Internet’s default payments layer, Shardeum’s architecture allows for expansion based on demand, ensuring transaction fees remain exceptionally low, around $0.01 or less. The mainnet launched on May 5th.
India’s Fintech sector continues to grow rapidly and is now entering a new phase focused on product diversification, smarter risk management, and deeper financial inclusion, according to a report by TransUnion CIBIL
Subhash Mundra, Manoj Agarwal, and Ashutosh Sharma join as directors, bringing the board’s member count to 11.
The fintech sector lenders are drawing a younger and more rural customer base, with 61 per cent of borrowers being under the age of 30, and 24 per cent residing in rural areas, a report showed on Thursday.
