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Indian startup Mintoak has announced its strategy to bring Digiledge to customers in India, an acquisition that was completed at a total of USD 3.5 million.
acquisition, cryptocurrency, crypto, crypto asset
Flipkart-backed UPI platform super.money has acquired checkout financing provider BharatX in an all-cash transaction.
acquisition, checkout optimisation , credit access, financial inclusion
Nium, a Singapore-based global infrastructure for real-time cross-border payments, has announced its expansion into Australia.
expansion, cross-border payments, real-time payments, financial services, payments
PhonePe Group has decided to exit the Account Aggregator (AA) business, citing difficulties in onboarding a sufficient number of Financial Information Providers (FIPs), according to CNBC.
data aggregation, AISP, regulation, fintech, banks
The Reserve Bank of India (RBI) has announced its intention to implement AFA for cross-border "Card Not Present" (CNP) transactions.
payments , ecommerce, AFA, RBI, cross-border payments
UK-based payout solution provider Runa has officially entered the Indian market to provide cross-border and domestic transactions.
expansion, fintech, online payments, cross-border payments, payout
Flipkart has introduced a credit card bill payment feature on its Flipkart Pay platform, expanding its digital payment services.
digital payments, online payments, fintech, ecommerce
Fintech platform CRED has announced the launch of a new beta version of its eINR Wallet in partnership with the Reserve Bank of India.
product launch, partnership, digital wallet, payments
Martha Southall, Global Director of Client Insights at CMSPI, discusses the main drivers behind the new generation of domestic card payment schemes.
ecommerce, payments , card scheme, digital payments, FX , financial inclusion, cashless, merchants, tokenization, cross-border payments
Private sector lender RBL Bank has entered into a co-lending partnership with Piramal Finance to provide loans to middle- and low-income borrowers in rural and semi-urban areas in India.
partnership, digital banking, lending, financial services, banks
OkCredit has ceased its peer-to-peer (P2P) lending service, OkNivesh, in response to new regulations issued by the Reserve Bank of India (RBI).
payments , ecommerce, credit access, P2P, lending
Nutanix, a player in hybrid multicloud computing, has announced that Karnataka Bank has deployed the Nutanix Cloud Platform (NCP) to manage all its critical business applications.
digital banking, partnership, product upgrade, cloud services, cloud banking
India-based B2B BNPL platform Mintifi has closed a USD 180 million Series E funding round. The deal was finalised on 10th December 2024, spearheaded by Teachers’ Venture Growth (TVG) and Prosus.
BNPL, investment, funding, financial institutions, B2B payments
The Reserve Bank of India (RBI) has announced that it developed an AI/ML-based model, MuleHunter.ai, to mitigate the issues brought by mule accounts, leveraged for financial fraud.
fraud management, fraud detection, KYC, product launch, financial services
Digital payments company PhonePe has decided to discontinue its collaboration with payment orchestration platform Juspay.
payments , payments orchestration, partnership, digital payments
The Reserve Bank of India (RBI) has announced its intention to expand its cross-border payment platform by including new trading partners in Asia and the Middle East.
CBDC, retail CBDCs, cross-border payments, retail, payments , product launch
The Reserve Bank of India (RBI) has announced new modifications to Know Your Customer (KYC) guidelines, with the regulator intending to optimise how financial institutions verify identities.
KYC, regulation, financial services, CDD, bank account
Commvault, a provider of cyber resilience and data protection solutions for the hybrid cloud, has partnered with Pure Storage to support financial institutions in meeting DORA requirements.
partnership, regulation, cybercrime, cybersecurity, online security
Cashfree Payments has received certification from the National Payments Corporation of India (NPCI) for its UPI (Acquiring) Switch, which has now begun processing transactions.
transactions , payments , fraud detection, machine learning, banks
Neobank Jupiter has been in talks to acquire a 5% to 9.9% stake in SBM Bank India, with an official deal to be finalised after the approval from RBI is released.
acquisition, banking, financial services, financial institutions