Tagged: india

November 24, 2023 @ 7:22 pm By Michael Wong  |  

Indian fintech startup Kiwi has announced raising $13 million in a Series A funding round anchored by Omidyar Network India. The round, which followed the startup’s $6 million funding, was also backed by existing investors Nexus Venture Partners and Stellaris Venture Partners. Founded in November… Read More

November 19, 2023 @ 2:58 pm By Michael Wong  |  

India has trained over 3,000 personnel from various cybercrime and police departments to bolster their capabilities in tackling cryptocurrency-related crimes. According to the Ministry of Home Affairs (MHA)’s annual report, India provided specialized training in cryptocurrency forensics and investigations during the financial year 2022-2023. A… Read More

November 18, 2023 @ 12:08 pm By Michael Wong  |  

Fintech lending is expected to surpass traditional banking by 2030, according to a recent report by the Centre for Advanced Financial Research and Learning (CAFRAL). The forecast by CAFRAL, an independent body established by the Reserve Bank of India (RBI) in 2011, underscores the profound… Read More

November 9, 2023 @ 10:50 pm By Omar Faridi  |  

PhonePe recently announced that it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe, the Fintech firm claims. The company is the first Indian Internet company to “have reached this scale globally.” This… Read More

November 7, 2023 @ 7:25 am By Omar Faridi  |  

Terazo, a private market investment platform in India, has joined forces with Tokeny, the leading tokenization platform, “to spearhead the first regulated tokenized real estate asset in India under the regulatory sandbox framework established by the International Financial Services Centres Authority (IFSCA).” Tokeny is a… Read More

October 31, 2023 @ 11:56 pm By Omar Faridi  |  

Fave, a consumer fintech platform in Southeast Asia and India, has announced its participation in the SGQR+ POC led by the Monetary Authority of Singapore (MAS). The SGQR+ POC will be limited “to Districts 16 and 17 of Singapore and showcased during the Singapore FinTech… Read More

October 19, 2023 @ 7:31 pm By Omar Faridi  |  

Ava Labs is accelerating its push in India with key strategic hires: Devika Mittal and Kamakshi Arjun, who will focus on the firm’s growth in the Indian market. Before joining Ava Labs, Devika was “the Head of Token Listings for Okcoin (in the OKX umbrella),… Read More

October 16, 2023 @ 9:49 pm By Omar Faridi  |  

EaseMyTrip.com, one of India’s largest online travel platforms, announced its strategic partnership with Cover Genius, the insurtech for embedded protection. By integrating with XCover, Cover Genius’ global distribution platform, EaseMyTrip customers can add Cancel For Any Reason (CFAR) travel protection “along with the embedded comprehensive… Read More

October 15, 2023 @ 3:14 pm By Omar Faridi  |  

Addepar opened a new office in Pune, India in March 2023 as they deepened their commitment to global expansion and R&D investment. Abhimanyu “Abhi” Prabhavalkar recently joined Addepar’s engineering leadership team during this exciting time of growth as their R&D regional lead in India, “bringing… Read More

October 13, 2023 @ 10:02 pm By Omar Faridi  |  

Axis Bank, one of the largest private sector banks in India and Fibe, (formerly known as EarlySalary), India’s Fintech, partnered in order “to launch India’s first-ever numberless credit card for tech-savvy Gen Zs.” With a numberless credit card, customers get “an added level of security… Read More

October 11, 2023 @ 6:16 pm By Omar Faridi  |  

Razorpay introduces what it claims is India’s “first” AI-powered payments Infinity Router – Razorpay Optimizer. Razorpay designed this solution “to help you make the smartest routing decisions when working with multiple payment gateways.” Using the Razorpay solution, businesses can “set up their own rules to… Read More

October 10, 2023 @ 9:47 pm By Omar Faridi  |  

Koan Advisory Group, a New Delhi-based public policy consulting firm released a report titled “Transit Payments in India – A Case for Choice and Interoperability.” The study highlights that India’s public transit systems should “allow integrated fare payments across different modes of transit, to provide… Read More

October 9, 2023 @ 10:09 am By Omar Faridi  |  

The crypto ecosystem faced significant challenges this year, the team at Gemini noted in a recent update. Despite the various headwinds, talented individuals across all our teams “have continued to build every day during the bear market,” Gemini claims. As they mark Gemini’s 8th anniversary,… Read More

September 28, 2023 @ 10:32 pm By Omar Faridi  |  

Pravjit Tiwana, CEO APAC and Global CTO at Gemini, notes that in May, they announced the launch of Gemini’s Gurgaon technology development center in India. Now, Gemini are pleased to build on that announcement and reveal that they have opened their office “within the Cyber Hub… Read More

September 26, 2023 @ 10:52 pm By Omar Faridi  |  

PhonePe announced the launch of the Indus Appstore Developer Platform. With this launch, Indus Appstore is inviting all Android app developers to register and upload their apps using the self-serve developer platform. These apps will be listed on the soon to be launched “Made-in-India” Indus… Read More

September 17, 2023 @ 11:14 am By Omar Faridi  |  

State Bank of India (SBI), India’s largest bank, announced reduced customer verification time from 24 hours to just minutes in a partnership with Onfido, the global provider of automated identity verification and authentication solutions. SBI (UK) Ltd, the subsidiary of SBI in the UK, is… Read More

September 11, 2023 @ 5:35 pm By Omar Faridi  |  

Digital asset firm Coinbase (NASDAQ:COIN) provided a clarification following a an update indicating that the exchange operator will be suspending business operations for consumers residing in India. As widely reported, Coinbase India clients will cautioned via an email message that crypto services will no longer… Read More

September 9, 2023 @ 3:28 pm By Omar Faridi  |  

As momentum for crypto builds around the world, Coinbase (NASDAQ:COIN) is executing on Phase II of their “Go Broad, Go Deep” strategy for international expansion. Coinbase says that it sees the following: 1) enactment of clear rules; 2) innovation of more efficient, more accessible products… Read More

September 5, 2023 @ 5:11 pm By Omar Faridi  |  

Cashfree Payments, a payments and API banking solutions company, has partnered with Jamboree, an educational consultancy, “to simplify fee payments for Indian students studying overseas.” The partnership leverages Cashfree Payments’ cross-border payment solution, which streamlines and “digitizes the entire payment process from KYC verification, payment… Read More

September 5, 2023 @ 11:51 am By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs has announced the launch of Mini, a revolutionary QR and Card acceptance device. Expected to be available at nearly one-third of the cost of a regular Point of Sale (PoS) terminal, Pine Labs Mini is described as “an ideal… Read More