Fintech News

B2B Supply Chain Fintech launches QuiD Capital to drive anchor-led invoice financing; aims to empower 5 lakh retailers with AI-driven credit solutions and seamless ERP integration.

One MobiKwik Systems shares surged 14% after strong listing gains, posting 117% returns from its IPO price. The fintech firm benefits from a growing user base and digital payment adoption.

Nithin Kamath, CEO of Zerodha, warns against a rising courier scam targeting Indians. Scammers impersonate officials, alleging illegal items in packages and threatening “digital arrest.” They leverage fear to extract personal information and money. Kamath shared a video demonstrating the scam and urged vigilance, especially among the elderly.

The public issue had a fresh issuance of equity shares worth up to Rs 572 crore with no Offer-for-Sale (OFS) component.

With technological advancements in AI, digital payments, and fraud prevention techniques, the financial services industry is experiencing a dramatic shift. Even businesses are reimagining their payment systems to improve efficiency and security to meet the growing demands for personalization, speed, and innovation.

A new report reveals UPI’s dominance in rural India. Many people want to save and learn about finances. Traditional banking remains relevant. The report emphasizes financial inclusion through technology. It also addresses the gender gap in financial literacy. A collaborative approach is needed for sustainable growth.

India’s FinTech sector surged to INR 68 trillion in FY24, with Lending Tech (INR 34T) driven by alternative credit models, Payments Tech (INR 29T) fueled by the rise of digital payments, and Neo-Banking (INR 5.6T) expanding through mobile-first solutions, according to a report by 1Lattice.

The National Payment Corporation of India (NPCI) has issued a warning about the “Digital Arrest” scam targeting users of digital payment platforms. Criminals impersonate officials, using threats and demands for money. NPCI advises verifying identities and reporting suspicious activity to the cybercrime helpline (1930).

NPCI warns about digital arrest scams targeting Indians. Criminals pose as officials to scare victims. They demand money to avoid fake legal action. NPCI advises verifying identities and reporting suspicious contacts. Dial 1930 to report cybercrime. Protect yourself from these scams.

Digital payments are now accessible nationwide, driving India towards a digital-first economy. Be cautious if someone claims to be from government agencies like the police, CBI, income tax officers, or customs agents, contacts you.