Fintech News

The IPO consists of a fresh issue of Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore.

IPPB and Ria are leveraging current technology and infrastructure, like verified biometric authentication for customers’ KYC (Know Your Customer) without the need of showing any physical ID to collect remittances and digital transaction confirmation with a paperless receipt, to revolutionize the money transfer process.

The IDC study forecasts that Salesforce and its ecosystem of customers and partners in India are expected to create a net gain of 1.8 million new jobs and generate USD 88.6 billion in new revenues from 2022 to 2028.

As part of the mutual understanding, Mastercard and CERT-In will hold training programs and workshops for cyber capacity building, latest market trends and best practices to enhance cyber security of financial sector organizations.

The surge in TNPL demand is largely driven by individuals aged 26-45 from cities such as Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi-NCR, Hyderabad, Jaipur, Lucknow, Mumbai, and Pune. Interestingly, solo travellers have shown a significant preference for TNPL, highlighting the flexibility and convenience it offers. Over the past 12 months, the average ticket size for TNPL …

Demand for ‘Travel Now, Pay Later’ sees 2.5x increase with youth leading the drive Read More »

SabPaisa, a payment solutions provider, has received final approval from RBI to function as a Payment Aggregator under the Payments and Settlement Systems Act, 2007. Pathikrit Dasgupta, the CEO, highlighted the milestone, dedication to excellence, and aspiration to emerge as a premier fintech entity in India.

The RBI’s new framework marks a significant step towards self-regulation and maturity in the fintech sector, paving the way for sustainable growth and innovation.

New York [US]/ Bangalore (Karnataka) [India], Leading global AI-powered credit underwriting platform provider Scienaptic AI announced today that Fi (Epifi Technologies Pvt. Ltd.) has completed deployment and is live on its Credit Decisioning Engine platform. This deployment facilitates a faster and more robust decision-making process, enabling individuals to access Fi’s products and services efficiently. Fi …

Fi (Epifi Technologies Pvt Ltd) Goes Live On Scienaptic’s AI-powered Credit Underwriting Platform Read More »

India, a global leader in FinTech innovations such as secure payment systems, paperless lending, mobile banking, and digital wallets, ranks third globally in this sector, behind only the USA and China.

In the Asia-Pacific region, mobile and digital wallets have overtaken traditional payment methods like cash and bank transfers for e-commerce payments.