Category Added in a WPeMatico Campaign
Uttarakhand Finance Minister Premchand Aggarwal stated that the GST Council did not reach a decision on imposing 18 per cent GST on payment aggregators for transactions under Rs 2,000. The matter will be reviewed by the fitment committee. Additionally, the issue of GST on Research and Development will also be referred to the committee. Aggarwal …
Worldline has been a key player in Uttar Pradesh, deploying thousands of POS terminals in both urban and rural areas.
The company has expanded its services for SMBs by integrating forex and risk analytics solutions with its core trade financing products.
PayGlocal is an international payments-focused startup and has also applied for a cross-border payments licence. That application is still being processed by the central bank. The company expects to receive this licence in due course from the Reserve Bank of India (RBI).
While there has been a funding winter in startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTechs across the globe raised about USD 1.74 billion in August 2024, while the top 20 deals summed up to about USD 1.49 billion.
Secretary, DFS believed that India’s robust banking system is getting ready to meet the needs of Viksit Bharat. He highlighted the importance of Digital Public Infrastructure, the role of banks in inclusive growth, and the need for robust systems to manage risks and support future economic ambitions.
Fintech funding has seen a significant uptick in August, with a notable increase in the amount raised compared to the previous month. This surge in funding comes after a year of decline in fintech and tech startup funding, commonly referred to as a “funding winter.” Interestingly, early-stage deal funding has seen an increase, while late-stage …
FinTech Funding August 2024: Total $507 mln raised by Indian FinTechs Read More »
Some of Mobikwik’s investors have taken to social media channels like ‘X’ and Reddit to flag their concerns around changes in their investment terms and conditions. “Received an email today from MobiKwik regarding certain changes they have (made) to their P2P programme named ‘Xtra’ due to recent guidelines from the RBI. Now I can only …
P2P investors take to social media to vent against new RBI rules Read More »
Sopnendu Mohanty from the Monetary Authority of Singapore advised that Indian FinTechs should use China’s $600 trillion GMV as a benchmark for growth. He praised India’s regulatory progress but warned of future challenges, including maintaining market integrity and financial stability. Misallocation of capital and valuation inflation are some of the concerns. Watch the exclusive interaction …
Indian FinTechs should use China’s $600 Trn GMV as a benchmark: Sopnendu Mohanty Read More »
In a video shared by Ministry of External Affairs (MEA) official spokesperson Randhir Jaiswal, Secretary East Jaideep Mazumdar called PM Modi’s visit to Brunei “fruitful.” He said that Brunei Sultan received PM Modi at the royal palace and they held discussions on how to take forward the bilateral ties.
