Page 30 - Fintech

SBI, Axis Bank, ICICI Bank, others buy stakes in fintech firm IBBIC

Six banks State Bank of India, Axis Bank, Indian Bank, Yes Bank, IDBI Bank, and ICICI Bank on Tuesday said they have bought equity stakes in financial technology platform IBBIC.

IPOs of India's Paytm, South Korea's Kakao reveal Gen Z's banking vision

Internet-based businesses are raising funds at a record pace, making use of the boost given by the pandemic to all things digital

UK finance firm Tide raises $100mn in funding round led by Apax Digital

Company has a development centre in Hyderabad and plans a full launch in India next year

IDBI Intech eyes fintech firms for takeover as it expands in Europe, Asia

Firm currently has 20 fintechs in its fold; ties up with Lemon Advisors to expand overseas

Hybrid fintech firm Choice International FY21 net profit at Rs 167 mn

BSE-listed Choice International Limited, a fintech conglomerate, reported a net profit of Rs 167 million on a revenue of Rs 1,687 million for the financial year 2020-21

Paytm said to target $3-billion IPO, largest ever for India: Report

If successful, Paytm's initial share sale would surpass Coal India Ltd.'s offering, which raised more than Rs 15,000 crore in 2010 in the country's largest IPO so far

GST Council meet on Friday; pvt fintech firms set to enter e-invoicing zone

GST Council may green-light entry given disappointing progress

Fintech hub at GIFT City: IFSCA in talks with overseas regulators

IFSCA in talks with 10 foreign counterparts to help Indian fintech firms expand globally

Pine Labs secures $285 mn funding, unicorn firm's valuation tops $3 bn

Company offers merchants payment technology and working capital; it started as a retail solutions player in petroleum.

Paytm says recorded 1.4 billion transactions in March

The firm said it continues to register, on average, 15% month-on-month growth

Up 1,262% in a year, this IT stock has now scaled fresh record high

Intellect Design Arena today announced that it has bagged a large deal from Concentra Bank to power its exciting new digital banking strategy.

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

Pony Ma's Tencent Holdings faces broad China clampdown on fintech, deals

Antitrust regulator fines twelve companies under anti-monopoly law

Google Pay to give users greater control over financial data, says company

Starting next week, the Google Pay app settings will provide users with more controls to decide how their Google Pay activity is used to personalise features within the app

China weighs tighter regulations on STAR Board IPOs, fintech curbs

Regulators have also pledged to rein in China's fintech firms, a move marked by the abrupt suspension of Ant's $35 billion listing

Paytm starts services for business to accept card payments on Android phone

Paytm has partnered with financial services institutions, including Visa and MasterCard, for facilitating card payments for Smart PoS

Explained: What is NUE licence for retail payments and who's interested?

Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for retail payments

Wall Street won't intimidate retail giant Walmart this time around

Walmart announced in January that it formed a partnership with Ribbit Capital to create a new financial technology startup

Paytm crosses 1.2 bn monthly transactions, maintains leadership position

Financial services firm sees 15% month-on-month growth in offline merchant payments

Britain to offer fast-track visas to bolster fintechs after Brexit

Brexit cut fintechs' access to the EU single market and made it far harder to employ staff from the bloc, leaving Britain less attractive for the industry