Page 11 - Fintech

E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom

Massive beneficiary of the covid situation has been the startups which are growing rapidly on the back of digital adoption, which is witnessing an acceleration worth multiple years in just few months

Borrow from RBI-registered lending apps to avoid unscrupulous operators

Digital Lenders' Association of India (DLAI) has come out with a few guidelines

SBI Life acquires 9% stake in Paisalo Digital for Rs 186.20 cr

SBI Life Insurance Company on Thursday said it has acquired nearly 9 per cent stake in non-banking finance company Paisalo Digital

China could restrict bank tie-ups with fintech platforms, official suggests

China's regulators last month warned the country's tech giants that they face closer scrutiny

Razorpay eyes $50 billion digital payment volume by December 2021

Fintech major Razorpay also launched new products

Fintech to wealthtech

Opening mutual funds for more players will broaden the market

IBM buys fintech firm Expertus to expand digital payment solutions

Tech giant IBM has acquired Montreal-based fintech company Expertus Technologies for an undisclosed sum

Hiring rapidly, US fintech startup Stripe plots expansion in Asia

Analysts pointed to the difficulties Stripe may face in terms of varying regulations across Asia

HC seeks govt, RBI views on plea seeking regulation of Big Tech in finance

The Delhi High Court Wednesday sought response of the Centre, RBI, SEBI, IRDAI and National Payments Corporation of India (NPCI)

'India is a great example': Gates on UPI, country's digital finance model

Bill Gates is also optimistic about how quickly vaccines were being developed globally to address the Covid-19 pandemic.

ICICI Bank enters fintech space, launches 'iMobile Pay' application

Users can transfer money to any bank account, payment app and digital wallet.

Fintech company BharatPe aims to become a bank for small merchants

The firm, which provides technology and digital lending for offline businesses including kiranas, has witnessed $2-billion annualised business transactions for its POS segment in just three months

Great scope for fintech co-operation between India, France: Nandan Nilekani

Billions of dollars were transferred through the cash transfer programme using the Aadhaar platform during the Covid-19 crisis directly into the bank accounts of vulnerable people

Flipkart, PhonePe monthly active customers at 'all time high': Walmart

Walmart International CEO Doug McMillon says group committed to high-value markets like India.

Fundraising by fintechs took a hit due to Covid-19 pandemic, lockdown

According to the RBI, banks, which earlier viewed fintechs as disruptive forces, are looking at them as enablers in banking and finance

Use 'pay later' loan facility only if interest rate is attractive

However, be careful to avoid over-leveraging

Financial services becomes next battleground for PhonePe, Amazon and Google

Walmart-owned PhonePe has become the fastest-growing insure-tech distributor in India within just 9 months of the insurance category going live on the digital payments app

The apps game

Google should not misuse its dominant position

Fintech the way forward for Indian banking, payment system: SBI MD

Giving the example of SBI, he said, 91 per cent of jobs are being done digitally now, which was unthinkable 35 years ago

Amazon makes India centre of fintech push, adds gold, insurance services

To boost online payments, Amazon launched its Amazon Pay digital wallet in 2016