Razorpay POS launches ‘Q-Zap’, an intelligent payment solution for offline retailers, aiming to enhance in-store customer experience and reduce operating costs.
FinTech sector experts welcome RBI’s SRO framework, highlighting how it will enable fintechs of all sizes and stages to thrive, while maintaining the integrity of the financial system. The leaders believe that this new framework will help enhance sustainability and credibility of the fintech sector. Here’s what they said:
Jio Financial Services introduced the beta version of the Jio Finance app, offering UPI, digital banking, and mutual fund loans. Key features include instant digital account opening and streamlined bank management. The app integrates various financial services like digital banking, UPI transactions, and insurance advisory. Future plans include expanding loan solutions, starting with mutual fund …
The regulator has initiated the process of recognising SROs and invited applications from eligible organisations. The Apex Bank said that the oversight framework should be activity-based, risk-based, scale-based and phased-in as well.
A recent report by PayNearby highlighted the growth of UPI, AePS, MSME loan disbursals, insurance distribution through retail stores in India. It highlighted how there has been significant growth in the North Eastern states, Jammu Kashmir and even the Southern states. Here’s what the report revealed:
The Reserve Bank of India’s Annual Report for 2023-2024 showcases a digital payment surge, with UPI transactions hitting 13 billion in March 2024 and a 44.3% increase in volume. Key highlights include central bank digital currencies, payment system advancements, and international linkages, underscoring India’s evolving digital financial landscape. Read here:
Through this partnership, customers will enjoy seamless access to competitive home loan and two-wheeler loan options, empowering them to realise their dreams of homeownership or vehicle ownership effortlessly.
Zerodha’s co-founder and CEO Nithin Kamath sparked a conversation on food safety in India, highlighting concerns about sugar content and adulteration in food items like masalas, milk, and protein.
Buy-Now-Pay-Later startup BharatX plans on tapping into the healthcare lending market with its latest acquisition of healthcare finance startup Zenifi. Both were in a long-standing partnership earlier, and this acquisition will allow BharatX to break into the healthcare sector.
Ghosh’s appointment at Balancehero strengthens risk management, leveraging data science to foster financial inclusion and innovation.
