File photo of Prime Minister Narendra Modi. | Photo Credit: Sushil Kumar Verma Prime Minister Narendra Modi will visit Maharashtra’s Mumbai and Palghar district on Friday (August 30, 2024) to participate in Global Fintech Fest (GFF) 2024 and lay the foundation stone at Vadhvan Port and other infrastructure projects in Palghar. Mr. Modi will reach the Jio World … Read more
Walmart-backed fintech major PhonePe on Wednesday said the market cap overhang is a challenge for the potential listing of the company and can not go to the market based on the current numbers and market share. He also said the company plans to enter the European market in the next five years. It may be … Read more
The National Payments Corporation of India (NPCI) has yet again added a new feature to the Unified Payments Interface (UPI) platform. The new feature, UPI Circle-Delegate Payments, will help primary holders of UPI accounts to delegate transaction rights to secondary users. The main goal is to create a common platform that simplifies and enhances transactions … Read more
Fintech firm Angel One Limited today announced the launch of Fin One, a digital-first initiative set to transform financial literacy among Indians. Fin One integrates engagement and entertainment to empower young Indians to make informed financial decisions and develop resilient investing habits. Young Indians, especially Gen-Z and Millennials, are diving into the market now, hence … Read more
Fintech unicorn Razorpay said today that it is launching its own UPI infrastructure. Named UPI Switch, this product, which is developed in association with Airtel Payments Bank, will be cloud-based and is designed to enhance success rates by 4-5% and can manage up to 10,000 transactions per second (TPS). As per the company, the UPI … Read more
When it comes to wealth creation and securing one’s financial future, it seems this issue is dominating the minds of Indians. According to a new report put out by the fintech unicorn, Razorpay, investments in mutual funds surged by an impressive 86% and insurance payments witnessed a significant 56% growth for the period FY24. Additionally, … Read more
From left, N. Kamakodi, MD and CEO of City Union Bank; Mahesh Ramachandran, Founder, Commonwealth Inclusive Growth Services Limited; and Prabhu Rangarajan, Co-Founder, M2P at the session moderated by Kunal Shankar, Deputy Business Editor, The Hindu, in Chennai on Tuesday. | Photo Credit: B. JOTHI RAMALINGAM Tamil Nadu can find its own path and make … Read more
To keep track of fast-evolving fintech companies, the Reserve Bank of India (RBI) has proposed establishing a fintech repository to facilitate the sharing of relevant information. This comes amid a surge in retail lending in the country, driven by the increasing popularity of digital loans as more consumers seek multiple credit products within a short … Read more
The Reserve Bank of India (RBI) has elevated two officials to the post of executive director effective from January 3. Ajay Kumar Choudhary the chief general manager in charge of department of supervision will take over as executive director, , risk monitoring and inspection department. While Deepak Kumar, head of RBI’s information technology department will … Read more
Aadhaar custodian UIDAI has slashed the price for authentication by customers to Rs 3 from Rs 20 per instance to enable entities leverage its infrastructure for providing ease of living to people through various services and benefits. While speaking at Global Fintech Fest organised by NPCI-IAMAI, Unique Identity Authority of India CEO Saurabh Garg said … Read more