Fintech

Latest news for Paytm users: On January 31, 2024, in line with its jurisdiction under Section 35A of the Banking Regulation Act of 1949, the Reserve Bank of India has directed Paytm Payments Bank Ltd. (PPBL or the bank) to immediately suspend onboarding new clients. Paytm and PPBL have mutually agreed to discontinue various inter-company …

Can you still use Paytm Payments Bank wallet to make payments after March 15? Read More »

One of the major concerns voiced by investors regarding India consistently has been the lack of exit liquidity opportunities. To take on this problem, over the last two years, leading venture capital funds including Lightspeed, Accel and Matrix Partners India have sought out professionals with investment banking expertise.

Ashneer Grover, former MD of BharatPe, has requested an RBI investigation into the shareholding of BharatPe. He sought investigation to ascertain whether the company’s board and investors had “warehoused” Koladiya’s shares for a specific period of time only to bring him back after the requisite approvals were received from the central bank.

RBI governor stressed on distinguishing between blockchain technology, which has various applications including the central bank’s digital currency project, and speculative crypto trading. He noted the growing awareness among individuals, both in India and internationally, regarding the risks involved in crypto investments. RBI is not in a hurry to launch the digital currency and will …

Greater amount of realism in cryptocurrency market, says RBI Governor Read More »

The Spanish government’s data protection agency (AEPD) ordered Worldcoin to suspend activities for three months due to privacy concerns. Complaints about insufficient information and data protection have been filed. Regulators in Kenya, Germany, and France are also investigating Worldcoin’s operations. The decision was based on “exceptional circumstances” triggering the need to protect people’s personal data, …

Spain halts Worldcoin crypto project over privacy concerns Read More »

This expansion will enable the team to enhance its lending, health insurance, UPI, and mutual funds services, and explore new product lines, the company said in a statement. As a part of this mandate, a batch of engineers hired through Navi’s campus recruitment program will join the company in June 2024, with further hiring via …

Fintech firm Navi to scale its tech team by 30% by 2024 Read More »

The world’s largest crypto token today jumped to an intraday peak of $67,637 in volatile trading, not too far from Tuesday’s record high of $69,202. It was last 2.4% higher at $66,015. The digital asset’s meteoric rally – having already surged 57% for the year so far – has been fuelled by investors pouring money …

Cryptocurrency Price Today: Bitcoin trades above $66,000; Shiba Inu, Dogecoin shed up to 16% Read More »

The collaboration includes the establishment of NPCI-IISc Centre of Excellence for Deep Tech Research & Development. It focuses on scalable blockchain platforms, multi-modal analytics, neural networks, Graph AI, Large Language Models (LLM), practical challenges, privacy preserving designs, technology research, and engineering. Faculty members from five departments at IISc will work with NPCI researchers on practical …

NPCI joins hands with IISc for joint research on blockchain, AI tech Read More »

Paytm founder shared his insights on the intersection of regulatory support, entrepreneurial spirit, and the global landscape of financial innovation.

Nair will oversee all aspects of the Fiserv client franchise in India and across South Asia, driving the delivery of innovative banking and payments solutions.