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RBI and NRB discuss India-Nepal remittances

News | Payments General | 19 Feb 2024

The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) are in discussions to connect their respective fast payment systems to facilitate cross-border remittances between India and Nepal.

central bank, UPI, cross-border payments, remittances

Aye Finance raises USD 37.18 million

News | Online & Mobile Banking | 15 Dec 2023

India-based startup Aye Finance has raised USD 37.18 million in a funding round led by British International Investment.

startup, investment, funding, financial inclusion, SMEs, SME lending

Yoti launches digital ID app with Lloyds Bank

News | Digital Identity, Security & Online Fraud | 02 Oct 2023

UK-based digital identity company Yoti has released a new digital ID app in partnership with Lloyds Bank

product launch, online security, identity verification, identity fraud, digital identity, fraud prevention, digital verification, biometric authentication

Pine Labs introduces Mini

News | Payments General | 04 Sep 2023

Pine Labs, a merchant commerce omnichannel platform, has launched Mini, a QR and card acceptance device.

POS, contactless payments, merchant, ecommerce, SMEs

Bank of India launches three dedicated centres for startups

News | Online & Mobile Banking | 25 Jul 2023

Bank of India has announced the launch of three dedicated centres for startups and plans to have 12 such centres with a with a USD 61 million loan book by the first year of operations.

startup, banking, financial inclusion, funding, lending

Chainlink CCIP launches on Mainnet

News | Cryptocurrencies | 18 Jul 2023

Web3 services platform Chainlink has announced that the Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase.

DeFi, web3, blockchain, product launch

ICICI Bank to ask for ID for non-clients 2,000 IRN exchange

News | Digital Identity, Security & Online Fraud | 30 May 2023

India-based ICICI Bank has announced its decision to require non-bank customers for ID proof in order for them to exchange IRN 2,000 banknotes.

banking, fraud management, fraud detection, fraud prevention, identity verification, mobile banking, digital banking, online banking

Pine Labs partners ICICI Bank to accept digital rupee payments

News | Cryptocurrencies | 02 May 2023

India-based Pine labs has partnered with ICICI Bank to accept digital rupee payments at its point-of-sale (PoS) terminals.

cryptocurrency, CBDC, banks, partnership, blockchain

HDFC Bank chooses Backbase for digital banking solution

News | Online & Mobile Banking | 17 Mar 2023

HDFC Bank has appointed Backbase to help them deliver their vision for a market-leading digital banking experience in India.

partnership, digital banking, retail banking, customer experience

Nium upgrades to 'Zero-Deduction' wire transfers for payroll and procurement

News | Payments General | 09 Feb 2023

Fintech Nium has removed deductions on global wire transfers, supports 7 new payout currencies, and provides real-time transaction tracking with SWIFT gpi.

cross-border payments, transaction monitoring, SWIFT, payout, payments infrastructure

Boku IN secures in-principal payment aggregator authorisation from RBI

News | Mobile Payments | 06 Feb 2023

Provider of mobile payment solutions Boku IN has received and in-principle authorisation, enabling more payment choice for Indian consumers and Boku merchants.

payments aggegator license, RBI, mobile payments, merchants, digital payments

Lentra raises USD 60 mln

News | Payments General | 18 Nov 2022

Lentra, an India-based embedded AI-based finance startup, has raised USD 60 million – a Series B that values the startup at over USD 400 million.

fintech, banks, embedded finance, artificial intelligence, startup

MUFG to open a new bank branch in India

News | Online & Mobile Banking | 31 May 2022

MUFG Bank has planned to establish a presence in an Indian fintech hub following a special economic zone being created in the western state of Gujarat, according to Nikkei Asia.

expansion, online banking, fintech, banks

Profectus Capital partners with Scienaptic

News | Online & Mobile Banking | 25 Apr 2022

Scienaptic AI, a global AI-powered credit decision platform provider, has announced that Profectus Capital is now live on its platform.

partnership, SME lending, credit scoring

India: Perfios acquires Karza For USD 80 mln

News | Online & Mobile Banking | 01 Mar 2022

Fintech unicorn startup Perfios has decided to acquire risk management startup Karza Technologies for more than USD 80 million in an all cash deal, Inc42 reports.

acquisition, digital banking, fintech, startup

MODIFI acquires Seawise Capital

News | E-invoicing, SCF & E-procurement | 26 Jan 2022

MODIFI has acquired Seawise Capital’s trade finance and SaaS business in India.

acquisition, trade finance, SaaS, SMEs, digitalisation

Tata Digital sets up Tata Fintech

News | Online & Mobile Banking | 17 Jan 2022

Tata Digital has introduced a digital financial entity, Tata Fintech, which is expected to function as a financial marketplace, according to sources cited by Economic Times.

fintech, product launch, marketplace, digital banking

Indian crypto exchanges searched after alleged tax evasion

News | Cryptocurrencies | 03 Jan 2022

India’s tax authorities have conducted searches at some of India’s biggest cryptocurrency exchanges including CoinSwitch Kuber, CoinDCX, BuyUCoin, and Unocoin.

tax evasion , cryptocurrency exchange, digital assets, crypto

Cashfree Payments associates with Mumbai Metro One

News | Mobile Payments | 17 Dec 2021

Cashfree Payments (Cashfree) has associated with Mumbai Metro One Private Limited (MMOPL) to enable online payments for metro passengers.

Cashfree, digital payments, QR payments

Kenya Airways facilitates contactless payments at Jomo Kenyatta International Airport

News | Mobile Payments | 23 Aug 2021

Kenya Airways has announced the implementation of contactless transactions to enhance customer and staff health and safety priorities in the wake of the COVID-19 pandemic.

contactless payments, mobile payments, credit card, debit card, COVID-19