Perfios Software Solutions Pvt is considering a $500 million initial public offering (IPO) in India. The IPO could value the company at $2 billion. Perfios provides software-as-a-service to banks, insurers, and financial services firms in India, the Middle East, and southeast Asia.
Zomato, in a stock exchange filing, said it will operate the online payment aggregator through its wholly-owned subsidiary Zomato Payments Private Limited. In December last year, the RBI gave payment gateways Razorpay and Cashfree final approval to operate as payment aggregators, paving the way for them to onboard new merchants, after a year-long embargo.
It is being issued in the same denominations as the paper currency and coins. It is being distributed through financial intermediaries, i.e. banks. Users are able to transact with e-rupee through a digital wallet offered by the participating banks. “We strongly believe it helps in cross border payments. It will bring in greater transparency and …
Govt, RBI actively engaged on digital currency: FM Read More »
Happy 75th Republic Day! To widen the use cases of central bank-backed digital currency (CBDC), the RBI is exploring tokenisation of government bonds and securities. This and more in today’s ETtech Morning Dispatch.
The global cryptocurrency m-cap advanced 0.11% to around $1.55 trillion in the last 24 hours. However, the total trading volume declined over 30% to $50.79 billion. BTC has started consolidating in a very narrow range of $39.5k to $40.5k following the recent dump below $40k. Read on to know more:
Stock broking platform Groww has stopped offering services for US stocks due to a tax collected at source. Around 2,000 users who joined in 2023 were still using Groww for these investments. They now have the option to migrate to other platforms or withdraw their investments. Groww is the largest stock trading platform in India …
Groww to stop US stock trading services, app hit by technical glitches Read More »
“Today we’re restructuring Brex to become a high-velocity company. Sadly as part of those changes, 282 people (roughly 20 per cent of the company) will be leaving Brex today,” Brex Founder and co-CEO Pedro Franceschi said in a message to employees on Tuesday.
Investigators said the Regalados, who ran a cryptocurrency marketplace called the Kingdom Wealth Exchange, used at least $1.3 million of those funds to support a lavish lifestyle that included tens of thousands of dollars spent on vacations, jewelry, luxury handbags, cosmetic dentistry, clothes and home renovations. The two, who shut down the exchange Nov. 1, …
Pastor accused of $3M crypto scam says he got help from ‘the Lord’ Read More »
Fintech unicorn InCred on Wednesday reported 132 per cent growth in profit before tax to Rs 298 crore in the third quarter of the current fiscal year (FY24), from Rs 129 crore in the corresponding period last year. InCred has been valued at $1.04 billion and became the second company to gain the unicorn status …
Fintech unicorn InCred reports 132% growth in profit in Q3 FY24 Read More »
“This is a logical, nearly-inevitable evolution as a newborn security with a wildly uncertain value and price matures into a mainstream asset with a million punters punting,” said Brent Donnelly, a currency trader and president of Spectra Markets. The total value of bitcoin traded on cryptocurrency exchanges is about $500 million a day on average, …
Cryptoverse: Will bitcoin behave better on Wall Street? Read More »
