Category: Fintech
UPI dominates digital payment channel, 74 bln transactions in 2022: Worldline Report
In 2022, payment modes like UPI, Debit and Credit cards, Prepaid Payment Instruments – Mobile and Prepaid cards processed 87.92 billion transactions worth Rs 149.5 trillion. UPI continues to be the dominant […]
Payment gateway access may be blocked for vetoed online games, ET BFSI
The Ministry of Electronics and Information Technology (MeitY) is likely to issue a separate order to fintech and payment companies, asking them to block the access of their payment gateways to non-permissible […]
FIU suggests rules to track on virtual digital asset deals, ET BFSI
All cryptocurrency exchanges and providers of services related to virtual digital assets (VDAs) would have to determine the true ‘beneficial owners’ of wallets where VDAs are stored, report all VDA receipts worth […]
India’s fintech funding winter shows signs of thaw with a sequential jump in Q1 of 2023, ET BFSI
Fintech startups in India raised $1.2 billion in Q1 2023, marking a significant increase from the previous quarter. However, this figure was 55 per cent lower than the funds raised in Q1 […]
Will credit on UPI hit BNPL players further?, BFSI News, ET BFSI
The recent announcements by the Reserve Bank of India (RBI) regarding fintech lending and pre-sanctioned loans through UPI are likely to hit the buy now pay later (BNPL) players further. Last year […]
Google Pay error accidentally sends cashbacks up to $1072 to some Pixel phone users, here’s what happened, ET BFSI
A bug in Google Pay reportedly sent free money in cashback to some Pixel users. According to reports on Reddit, some Pixel users got money as random cashback rewards. This has happened […]
NPCI appoints Vishal Kanvaty as CTO, BFSI News, ET BFSI
National Payments Corporation of India (NPCI) announced the appointment of Vishal Anand Kanvaty as the organisation’s Chief Technology Officer (CTO). Kanvaty was previously managing the portfolio of Chief Market Innovation at NPCI. […]
ICICI Bank introduces EMI facility for UPI payments by scanning QR code, ET BFSI
Customers of ICICI Bank can now pay their EMIs for UPI payments by simply scanning the QR code. This is eligible for PayLater, which is the bank’s ‘buy now, pay later’ service […]
exc, BFSI News, ET BFSI
Amazon Pay has been a key player in online payment setup providing a range of services to its customers on board. With the increasing penetration of UPI, the provider has been continuously […]
BankBazaar.com plans to go public in next 12-18 months, BFSI News, ET BFSI
New Delhi, Fintech firm BankBazaar.com on Tuesday said it plans to go public in the next 12-18 months. The company had a net revenue of Rs 160 crore in FY23. The Initial […]
Germany expert commission releases report recommending legalization of early-stage abortion and amended laws for later-term pregnancies – JURIST
The Commission on Reproductive Self-Determination and Reproductive Medicine in Germany on Monday submitted a final report recommending the legalization of abortion within the first 12 weeks of pregnancy in the country.The German […]
Australia judge rules in defamation trial that former government adviser raped a colleague in parliament – JURIST
Australia Federal Court Justice Michael Lee found that former government adviser Bruce Lehrmann raped a colleague in a Parliament House office on Monday. The judge dismissed a defamation lawsuit Lehrmann brought against […]
Poland classifies attack on humanitarian aid workers as murder, demands Israeli cooperation in investigation – JURIST
The Polish government on Friday labeled the death of Polish aid worker Damian Soból as murder, following the deaths of seven humanitarian aid workers from the World Central Kitchen (WCK) serving in […]
Amnesty International urges immediate investigation into war crimes in Merawi, Ethiopia – JURIST
Amnesty International asserted Friday that African and global human rights bodies must urgently investigate alleged war crimes committed by the Ethiopian National Defense Forces (ENDF) in the town of Merawi, Amhara region, […]
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