Category Added in a WPeMatico Campaign
In-Solutions Global (ISG), backed by JP-Morgan, has received full payment aggregator authorisation from the Reserve Bank of India. This allows ISG, which already processes over 28 billion transactions annually for over 70% of Indian banks, to broaden its digital payment services, enhancing financial inclusion through faster and more secure transactions.
From leveraging AI to combat fraud and boosting digital wallets for financial inclusion to enhancing cross-border payments and embracing blockchain for efficiency, the card firm sees technology playing pivotal role in shaping the global payments ecosystem in the new year.
One MobiKwik Systems’ IPO was oversubscribed 119.38 times, with strong demand across all investor categories. The company has 161 million users, a broad merchant base, and reported significant growth in payment and credit services.
With over two decades of experience, Mukherjee brings unparalleled expertise in technical architecture, system performance, and the development of intelligent, scalable systems. In his current role, Mukherjee will lead the team to drive innovation, scalability, enhance customer experience and maintain competitive edge.
While emissions per digital payment transaction are minimal, the sheer scale of the industry results in a significant overall environmental footprint, says its report.
Health insurance claims are up over 30% in India. Hospital treatment costs are rising. Indians are seeking better coverage. Policybazaar processed thousands of claims. The average claim is now around Rs 81,000. Tamil Nadu has the highest average claim. More people are getting health insurance. Claims for dengue and other illnesses are increasing. Young people …
Average health insurance claim amount up 30% in 3 years Read More »
The Retail Individual Investors (RIIs) part got subscribed 26.71 times, while non-institutional investors category received 8.97 times subscription, and the quota for Qualified Institutional Buyers (QIBs) received a mere 2 per cent subscription.
ONE-MOBIKWIK-SYSTEMS-One Mobikwik Systems’ India IPO fully subscribed in first hour of share sale
Part of the funds raised was used to give a complete exit to Lok Capital, one of the early investors in the Mumbai-based lending platform, and some liquidity to some of its employees. Mintifi which was founded in 2017, counts the likes of Elevation Capital, International Finance Corporation, and Norwest Venture Partners as its major …
Mintifi secures $180 million from Prosus, others in a mix of primary, secondary capital Read More »
UPI, launched in 2016, has significantly reshaped financial access in India. By Oct 2023, it facilitated seamless digital transactions for 30 crore individuals and five crore merchants, accounting for 75% of all retail digital payments in the country.
