Mswipe Technologies has closed a successful USD 20 million capital raise from existing investors. The funds will be directed towards expanding their merchant payment network, enhancing product development, and strengthening technological infrastructure. Fintech also recently secured a payment aggregator license by the RBI.
Blockchain start-up Avail raised $27 million in funding led by Peter Thiel’s Founders Fund and Dragonfly Capital. The funds will be used for product development, hiring, and marketing. Franklin Templeton launched a blockchain mutual fund. Regulatory approval for spot bitcoin ETFs could bring more awareness to the industry. Read more:
Bitcoin reclaimed the $57,000 level for the first time since late 2021 in today’s early trade, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc. The digital asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at $56,473 as of 10:22 …
Leading cryptocurrency bitcoin soared to a more than two-year high above $57,000, helped by enterprise software firm MicroStrategy Inc’s announcement that it had bought about 3,000 more of the tokens. The U.S. dollar index, which measures the currency against a basket of peers including the yen, euro and sterling, traded flat at 103.77 in Asian …
FOREX-Dollar droops before key data, bitcoin soars above $57,000 Read More »
Bitcoin is experiencing consolidation over the last few weeks and has been trading in the range of $50,000-$53000 after rallying by nearly 36% since the start of 2024, Shivam Thakral, CEO of BuyUcoin said, adding that Bitcoin has failed to breach the $53,000 resistance. Meanwhile, CoinDCX sees bearishness on the back of the first net …
Crypto Price Today: Bitcoin down at $53,000. Here’s how Solana, BNB & others traded Read More »
Srinivasan Sridhar, former chairman of state-owned Central Bank of India, former Bank of Baroda Executive Director Ashok Kumar Garg and two retired Indian Administrative Service officers will join the payments bank’s board, Paytm said in an exchange filing.
India’s RBI directed Paytm Payment Bank to stop accepting deposits and credit transactions after March 15 due to non-compliance. PhonePe’s CEO mentioned there was ample time for Paytm to respond. PineLabs emphasized trust cannot be bought. Since the ban on Paytm Payments bank, NPCI and RBI have stressed on the importance of following regulatory norms
The Directorate of Enforcement (ED) is probing Paytm regarding forex violations by some of its merchants. In its response, Paytm has said it is not authorised by the central bank to deal in forex, and hence there is no question of violation. Who is authorised to deal in forex in India? What is the role …
Paytm’s forex woes: Understanding the role of fintechs in cross-border payments Read More »
Pocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the Wallet rather than their bank account, thus limiting exposure when making financial transactions.
Sources indicate that the purpose of the FM’s meeting with the CEOs of fintech companies is to discuss their concerns and challenges. The meeting is anticipated to include senior officials from the Reserve Bank, the finance ministry, and the Department for Promotion of Industry and Internal Trade, among others. Read more:
