There was a plethora of regulatory challenges in app interactions with insurance, banking and governmental agencies with fintech apps recording billion-scale transactions. This also threw enormous scope for constant innovations in fintech apps, he said, while speaking at the inaugural of the Bengaluru Tech Summit 2023.
The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422 on Friday. Lower rates generally increase investors’ appetite for riskier assets such as digital tokens.
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after an order from RBI.
The global cryptocurrency market cap surged 2.2% to around $1.43 trillion in the last 24 hours. Other popular altcoins, such as Dogecoin, Chainlink, and Avalanche, surged 4-5%. Also, BNB, XRP, Cardano, Tron, Polygon, Litecoin, and Shiba Inu rose 2-3%.
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after an order from RBI.
While times are evolving and there is an increase in women participation in finance, there is still a long way to go. While women are actively participating in finance, finance led decision and company boards and discussions, the number of women-led startups in India has witnessed a significant decline in 2023. Here’s what the data …
Decline in women-led startups in 2023, total 436 female-led fintechs in India: Data Read More »
FinTech companies and artificial intelligence go hand in hand when it comes to creating innovative solutions that drive the financial services industry ahead. A recent study by Moody’s revealed that FinTechs are leading the charge for AI adoption in risk and compliance, followed by banks. Contrast to this, sectors like insurance, asset management, and wealth …
FinTechs leading sector for AI adoption in risk and compliance: Moody’s Read More »
Negi’s comments come at a time when BharatPe’s parent, Resilient Innovations, has filed a fresh case in the Delhi High Court seeking an injunction against Grover to prevent him from divulging “confidential information” related to the company.
Fintech unicorn BharatPe has achieved EBITDA positivity in October, reducing its monthly burn to attain profitability. The company’s business verticals have shown strong growth, resulting in annualized revenues of over Rs 1,500 crore. BharatPe’s lending segment partnered with NBFC partners to disburse over Rs 640 crore in loans to merchants, while the payments business recorded …
Other popular altcoins, such as Tron, Chainlink, and Avalanche, plunged over 5% each. Also, BNB, XRP, Solana, Cardano, Dogecoin, Polygon and Shiba Inu fell 2-4%.
