The Reserve Bank of India (RBI) has imposed a penalty of Rs 5.39 crore on Paytm Payments Bank for failing to comply with regulatory guidelines. The bank was found to have violated licensing guidelines, delayed reporting of cybersecurity incidents, and failed to secure mobile banking applications.
From solutions for the visually impaired to RegTech compliance to CBDC use cases, fintech firms came up with innovative solutions at the RBI’s global event that saw the participation of firms from several countries
Its chief financial officer Krishan Gopal said the lenders to the company have got comfort and confidence because of its repayments record, and have extended multiple lines.
The latest data from NSE’s active client base shows that the number of users on Groww rose to 66.3 lakh in September while Zerodha’s client list was at 64.2 lakh.
Travel agents can avail up to Rs 50 lakh with no collaterals, security, or guarantors to qualify for the no-cost working capital programme, SanKash said while announcing the launch of ‘A no-cost Working Capital program’ service.
Takis Georgakopoulos, the global head of payments at JPMorgan, has emphasised that while India has a multitude of fintech companies, they should strive to enhance their operations’ profitability by moving up the value chain. In an interview with Rozebud Gonsalves, he also discusses the potentially uneven path toward central bank digital currencies (CBDCs). Below are …
‘Fintechs need customers willing to pay, that’s the real challenge’ Read More »
While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has seen a rise in the last 4-5 months and there was a significant uptick in the amount raised in …
FinTech funding witnesses sudden uptick in September, total $264 mln raised Read More »
OmniCard has become the first FinTech company to issue exclusive ONDC Corporate Gift Cards. ONDC is a non-profit organization established by the Indian government to promote open e-commerce. The collaboration between OmniCard and ONDC aims to create more accessible and secure digital commerce experiences. The gift cards can be used on various ONDC Buyer Apps, …
OmniCard collaborates with ONDC as the first fintech to issue corporate gift cards Read More »
PayU has appointed Goldman Sachs, Morgan Stanley and Bank of America as advisors for the IPO, which it plans to list by the end of 2024. It also plans to hire at least one Indian investment bank for the deal.
Indian fintech startup Jupiter is now allowing customers to link their RuPay credit cards to the Unified Payments Interface (UPI). The company believes that its customers will be able to use their RuPay credit cards for instant payments on the app, and it is offering multiple UPI payment methods, including scan and pay at offline …
Jupiter enables RuPay credit card payments through UPI Read More »
