WhatsApp Pay finally gets green light from Indian regulators
The launch has been delayed for years since its beta testing in 2018.
The launch has been delayed for years since its beta testing in 2018.
Payzello was founded by 26-year old college dropout, Pruthiraj Rath.
Encore Theme claims to be one of Finastra’s “fastest growing partners”.
Once the regulator has decided on applicants, it will determine the conditions of the sandbox.
Postbank Systems provides IT services to Postbank, which Deutsche bought back in 2010.
By 2025, Razorpay wants to have 50 million business customers.
Unocoin allows users to trade in bitcoin (BTC), ether (ETH) and tether (USDT).
Bank of Baroda searches for new digital lending platform.
The two companies have a longstanding partnership on payments.
Atlantis believes market adoption in India will be particularly successful.
The bank wants to scale up the service to 63,000 villages.
The Competition Commission of India dismisses complaint about new market entrant.
The Indian bank needed a solution to power end-to-end issuance and processing.
Nuclei currently has 16 bank customers across India and the Middle East.
FirstVision will be deployed on an outsourced basis.
The new corridors span the Middle East, and into South East Asia and Africa.
“All the banks see is risk,” Slice’s CEO Rajan Bajaj tells FinTech Futures.
Policybazaar expects to return to profitability by the end of this year.
Unlocking the benefits of open banking.
Raheja QBE has around 41,000 customers.
“The point is you don’t double capacity suddenly, it doesn’t help,” says CEO Yashish Dahiya.
SoftBank now holds more than a 15% stake.
FinTech Futures speaks to Rajashekara V. Maiya at Infosys Finacle about open banking.
India has seen a spike in crypto investing in the last months.
Just 3.85% of Indian consumers have credit cards.
The firm says it will fund, mentor and use the fintechs’ products.
More than $30m was stolen by fraudsters in India last year.
The fintech already has more than 100,00 sign-ups.
Both firms want to speed up access to credit for SMEs.
RBI has made an initial seed contribution of $33 million (RS 250 crore).
The bank partnered with the Transport Corporation of India.
“No such prohibition exists” for banks, says regulator.
Two firms extend decade-long systems partnership.
The total raised includes the start-up’s D1 raise last August.
Newly launched bank wants to help teens learn about “bad world of money”.
The partners will offer direct-to-account crediting.
Fair Play is deploying FFS’ Payment Gateway and Merchant Hub.
Beta users of the bank will be first to receive the new cards.
The new round comes as a top-up to a $24m injection from November 2019.
The Indian bank follows up on its API and digital development.