Fintech News

Akulaku, which started operations in 2016, has a presence in the Philippines, Malaysia and Thailand, plus Indonesia, the major market for the company as it has a huge tech-savvy population. The firm disbursed around $3.5 billion of loans last year, 25% higher than the previous year, and saw “mild growth” of around 20% in revenue …

Alibaba-backed fintech Akulaku secures HSBC financing, aims for double-digit growth Read More »

The cryptocurrency world provides multiple avenues to earn passive income beyond capital appreciation. From mining to staking, lending to gaming, there are hundreds of routes to earning a passive income in the industry. The problem with passive income in crypto is it tends to diminish over time. Fortunately, we’ve found five long-term passive income options …

Crypto Passive Income: Five ways to make long-term passive income in crypto Read More »

Online merchant-focused Cashfree said this product will enable users to block transactions from specific mobile numbers, email addresses, IP addresses, Card BIN, UPI handles, and card numbers. This will ensure better risk management and fraud compliance. According to the company, merchants using Cashfree Payments’ orchestration platform FlowWise introduced last year can incorporate RiskShield to prevent …

Cashfree launches risk management and fraud prevention tool RiskShield Read More »

The total volume in DeFi is currently $10.56 billion, 9.25% of the total crypto market 24-hour volume. The volume of all stablecoins is now $102.4 billion, which is 89.71% of the total crypto market 24-hour volume, as per data available on CoinMarketCap. In the last 24 hours, the market cap of Bitcoin, the world’s largest …

Cryptocurrency Price Today: Bitcoin holds near $66,200; BNB, XRP jump over 5% Read More »

RBI deputy governor Swaminathan J discussed the rise of ‘agile’ fintech platforms at the Global Money Week 2024 in Paris, emphasizing the need for robust regulatory frameworks, cybersecurity measures, and consumer awareness to mitigate fraud risks. “Despite all these measures, unauthorised transactions due to compromised credentials from phishing attacks or customer negligence are not uncommon,” …

‘Fintech platforms are agile, but increase risk of misuse’ Read More »

Since its launch in early May last year, the company has already roped in 140 brands on its network, offering its rewards currency POPcoins and replacing traditional loyalty programs and points system. POP’s currency can be redeemed across various brands, similar to an alternate form of payment currency during shopping.

Other popular altcoins such as Solana (13.8%), BNB (8.3%), XRP (5.3%), Cardano (9.3%), Avalanche (7%), Dogecoin (20.3%), Shiba Inu (11.2%), and Toncoin (11.2%) also surged. Following the rally in the major crypto tokens, the global cryptocurrency market cap increased 9.2% to around $2.51 trillion in the last 24 hours. Read more:

Paytm Payments Bank transitions users to other banks following RBI guidelines. Paytm Fastag users can still pay at toll plazas with existing balance. Refund recommended due to non-transferrable nature post NHAI’s removal from Fastag issuers list. Considering, RBI has banned Paytm Payments Bank from accepting deposits, there’s no way to top-up the Paytm-issued Fastags.

Founders of mid-scale startups, who spoke to ET, said existing investors in their companies are demanding exits even at reduced valuations.

How have wholesale and retail CBDC pilot projects fared in India? How do proposed enhancements in CBDC-R align with the evolving needs of our digital economy? How will interoperability between CBDC and existing payment systems like UPI be ensured? What are the barriers hindering widespread CBDC adoption in India? Catch us LIVE today at 2 …

FinTech Diary LIVE Episode: Leading the CBDC Transformation Read More »