Fintech News

Sengupta will oversee all people and workplace-related functions for the 1,700+ Zeta employees globally, the company said.

Payoneer is focusing on expanding its reach in India, leveraging global marketplace partnerships and a localized approach. The company aims to capitalise on the rapid growth of India’s service export market, particularly in tech, digital marketing, SaaS, and e-commerce sectors. With impressive customer growth and revenue increases, Payoneer sees India as a strategic priority.

New UPI AutoPay rule: The banks that issue NETC FASTag and RuPay NCMC should ensure that auto-replenishment, excluding pre-debit notification, is carried out in accordance with the criteria and utilized exclusively for NETC FASTag and RuPay NCMC.

India’s digital lending landscape witnessed a surge in Q1 FY25, with digital lenders disbursing a staggering 2.64 crore loans worth Rs 37,676 crore, underscoring the high demand for instant, small-ticket credit and cementing the sector’s role as a key driver of financial inclusion.

India is in discussions with African and South American countries to help them develop digital payment systems based on its Unified Payments Interface (UPI). The National Payments Corporation of India expects two launches by early 2027. Talks are ongoing with several countries, including Rwanda, to replicate UPI’s success overseas.

The Series D round, led by Helios Investment Partners, will fuel the company’s inorganic growth, capability building, and international expansion, particularly in Africa.

UPI’s transaction value has soared to Rs 101 lakh crore, reflecting its role as a primary enabler of real-time and secure payments.

Fintech major MobiKwik has received the green light from market regulator SEBI to launch its Rs 700-crore initial public offering (IPO), comprising fresh equity shares. The IPO, filed on January 4, 2024, aims to raise funds for expanding financial services, payment services, and investing in data analytics and technology.

Market caps will not only enhance competition but also encourage different players in the ecosystem to invest in innovative solutions and services that cater specifically to the needs of Indian consumers. Empowering the ecosystem through market caps will not only enhance competition, but it will also reinforce the autonomy and resilience of India’s digital payments …

UPI transactions: Lion’s share controlled by 2 foreign firms, Google Pay & PhonePe– should govt implement marketcaps? Read More »

M2P Fintech is seeking a valuation of $600 million in the funding talks with Insight Partners. That’s nearly twice the valuation at which it raised funds from Tiger Global. Both the VC funds are seen in direct competition, as far as pace of dealmaking is concerned.