Fintech

Singh brings over 25 years of experience in risk management, he will oversee risk management across all operations of the group companies.

Mangaluru-headquartered Karnataka Band will offer credit lines to Navi’s users. This is currently available to a group of pre-qualified users but will be launched for more users based on customer feedback.

​Rural fintech startup Jai Kisan on Tuesday said it has received regulatory approval from the Reserve Bank of India for the acquisition of a majority stake in NBFC Kushal Finnovation Capital. Details of the stake acquired were not disclosed.

With the integration of PayU’s Payment Gateway on its platform, Fynd will enable its network of over 2,300 merchants to accept payments through more than 150 online options. These include affordability & EMI plans, credit and debit cards, UPI, wallets, and net banking.

Skydo will utilize these funds to expand internationally and supercharge global payments seamlessly for MSMEs, Enterprises and freelancers engaged in global business.

National Payments Corporation of India (NPCI) on Tuesday announced the incorporation of NPCI BHIM Services Ltd (NBSL) (earlier known as Bharat Interface for Money’ BHIM) as a wholly owned subsidiary. This development aims to meet the growing demand for digital transactions and evolving market expectations while keeping pace with innovation and rapidly shifting customer preferences, …

NPCI incorporates NPCI BHIM Services Ltd as a wholly-owned subsidiary Read More »

Companies backed by SoftBank Vision Funds accounted for 50% of all growth capital invested in fiscal 2023 and 60% of all capital raised through IPOs in Indian markets since 2021.

With UPI being used for almost every minor and major payments, the transaction limits for such payments varies across sectors, banks and various other related factors. ETBFSI compiles and brings to its readers, a list of UPI transaction limits across sectors, segments and banks, pre-defined by the NPCI and revised over time.

Wise Payments Ltd. is gearing up to resume signing up new customers in India for overseas remittances. The London-based fintech firm had paused accepting new clients in recent months to revamp its infrastructure. This comes after the company received a license from the Reserve Bank of India, which allows its app’s customers to send more …

Wise eyes more of India’s $32 billion in overseas remittances Read More »

Angel investors, such as Cred founder Kunal Shah, Meesho cofounder Vidit Aatrey, Unacademy cofounder Gaurav Munjal, Razorpay cofounder Harshil Mathur and others participated in the funding round for the wealth creation and management platform for tech and startup employees.