Can Jio dislodge Paytm as leader in the soundbox market?
With over 20 million Indian merchants using soundboxes, Jio’s calculated move into the UPI payments arena adds a new dimension to the competition.
Fintech
Stocks diverge; bitcoins hits fresh record high
Bitcoin struck a fresh record high Monday and stock markets diverged as traders assessed the outlook for cuts to US interest rates. The Tokyo and European stock markets retreated Monday after pre-weekend losses on Wall Street, though this followed record highs for global equity indices in recent sessions thanks to rate-cut hopes and strong company …
Bitcoin tops $72,000 for the first time as rally builds steam
Bitcoin surges to a record high of $72,000 with inflows into US exchange-traded funds. The original cryptocurrency rose as much as 4% to $72,234 on Monday. Other cryptocurrencies also rise. Market experts attribute the rally to positive sentiment. Bitcoin ETFs attract $10 billion. London Stock Exchange accepts Bitcoin, Ether ETN applications. MicroStrategy Inc. buys $822 …
Bitcoin tops $72,000 for the first time as rally builds steam Read More »
AI shadow on fintech jobs: Klarna’s AI Assistant does job of 700 human agents
Beyond sheer volume, the AI assistant has demonstrated remarkable efficiency, resulting in a 25% reduction in repeat inquiries and a significant 9-minute decrease in resolution time.
RBI’s deadline for Paytm Bank ends March 15: What customers with money in the bank or Paytm Payments Bank Wallet can do
RBI banned deposits to Paytm Payments Bank. Account holders can keep money or transfer it to another bank. Customers can transfer money using UPI, IMPS, or RTGS. Money in the Paytm Wallet can be transferred to a bank account with limits and fees. Existing customers can use funds until exhausted.
National Australia Bank interested in Indian fintechs, tracking local innovations closely: official
The Australian lender set up its first own office in Gurugram and is set to expand its presence locally. Patrick Wright said that there are certain aspects of banking where India leads and others where Australia does, and the attempt is to find the best of both worlds.
Gold vs Sensex vs Bitcoin: With over 62% returns, this asset class is leading returns in 2024 so far
After a lackluster February, gold hit fresh all-time highs in March. The gold contract on MCX scaled a new all-time high of Rs 66,356 per 10 grams during a holiday-truncated week. The yellow metal has risen by Rs 3,529 or 5.64% so far in March over February and is up 4.93% in 2024 so far. …
UPI is now live for cross-border transactions between India and Nepal
In its first phase, this partnership will enable Indian consumers to make UPI payments across various business stores in Nepal by using UPI-enabled Apps. Merchants acquired by the participating members of Fonepay Network can seamlessly accept UPI payments from Indian customers.
New altcoin with over $2.5M volume past 24 hours set for CEX listing in next few days
Pullix also offers access to a diverse selection of assets in its exchange platform including a spectrum of options such as gold, commodities, forex, and ETFs, all conveniently tradable within a unified account and platform. Moreover, Pullix offers the added advantage of anonymous trading, catering to privacy concerns among users.
Fraud and volatility fears persist as bitcoin barrels on
Despite its irrepressible market appeal, cryptocurrencies such as bitcoin still labour under a shady reputation, given a history of scandal and sudden price collapses, coupled with its popularity among cybervillains. “Bitcoin is notorious for its frequent and substantial price fluctuations, making a potential downturn unsurprising as this volatility often reinforces its reputation as a highly …
Fraud and volatility fears persist as bitcoin barrels on Read More »