Fintech News

This Dhanteras JioFinance introduces ‘SmartGold’. Through their app customers can choose flexible options to buy SmartGold in denomination of rupees or grams.

Fintech company Slice and North East Small Finance Bank (NESFB) on Monday announced a successful completion of their merger, following the shareholder and regulatory approvals.

The RBI has taken series of majors in the last few weeks and charged FinTechs for non-compliance. From Digital lending to unsecured lending and P2P lending, RBI has taken supervisory actions. How are FinTechs reacting to RBIs actions? What next for FinTechs? Innovation or Regulation, what comes first… The special episode of FinTech Diary will …

The FinTech Dilemma: Regulation or Innovation Read More »

The Peak XV Partners-backed fintech has rolled digital gold as its first investment product. Going forward, it plans to offer fixed deposits in partnership with banks and others, and small-ticket investment products, before moving on to trading and other related products like mutual funds.

Key regulatory approvals, including NPCI’s recent approval for new UPI user onboarding, bolster Paytm’s expansion plans while growth in financial services, particularly through DLG model loans and increased credit card distribution, adds to the company’s long-term growth prospects.

With Diwali, Dhanteras, and Bhai Dooj around the corner, Amazon Pay has introduced various discounts, offers and cashbacks to make the most of the festive season’s spending surge, from offers on travel bookings, online spends to purchase of digital gold.

Discrepancies in background checks within the BFSI sector reached 10.4 per cent for the financial year 2023-24, marking an 18.1 per cent increase compared to the previous year.

The National Payments Corporation of India has ordered fintech firms to stop using UPI APIs for unauthorised purposes, such as user authentication. This violates NPCI and RBI guidelines, and firms must comply or face penalties or cessation of UPI services.

This collaboration aims to offer Indian merchants secure and efficient payment processing solutions tailored to their business needs.

A cash usage indicator (CUI) taking into account both physical and digital modes of payments indicates that the cash usage remains significant, but has been declining during the period under study, said the author Pradip Bhuyan from the Reserve Bank of India’s (RBI) department of currency management in a paper titled “Cash Usage Indicator for …

Use of cash still dominant, digital modes catching up Read More »