- Digital Transactions In India Reached A New Peak Of $2 Tn Last Month: RBI As a result of the government’s unrelenting ‘Digital India’ push, digital transactions in the country reached a record high of 1.11 Bn in January 2018, up by 4.73% from the 1.06 Bn mark touched in December last year. According to data released recently by the Reserve Bank of India (RBI), the total transaction value surged […]
- Digital Transactions Jumped To 1.06 Bn In December: RBI 2017 ended on a high note for the Indian digital payments industry, with digital transactions reaching a new peak of 1.06 Bn in December. As per data released by the RBI, this translates to a jump of 6.05% from the 997.1 Mn transactions clocked in November. The development marks the first time that digital transactions […]
- Fintech Startup Kissht Closes $10 Mn Funding Round From Fosun International And Existing Investors Mumbai-based fintech startup Kissht has raised $10 Mn (INR 67 Cr) funding in a round led by Chinese investment conglomerate, Fosun International. The startup’s existing investors also participated in the equity financing round, which closed last week. In a bid to bolster its data science capabilities, the startup is looking to utilise the proceeds from […]
- Fintech Startup Olly Credit Picks Up Funding From Incubate Fund And A Clutch Of Angel Investors Delhi-based Olly Credit, a fintech startup that offers micro credit cards, has raised an undisclosed amount of funding in Seed round of funding led by Incubate Fund. Former Kotak Mahindra Asset Management Company CEO Sandesh Kirkire; Anand Kumar, Partner at Sand Hill Counsel and Jaipur Rugs Director Yogesh Chaudhary also participated in the this round […]
- The Future Is Indeed Here: SBI Cards Updates App To Allow Contactless Payments In a bid to make payments faster, more reliable and convenient, SBI Cards, a joint venture between the State Bank of India and GE Capital, is set to release an updated version of its mobile app. As per reports, the move is geared towards allowing contactless payments at POS (point of sale) terminals. The contactless […]
- Fintech Startup ZestMoney Secures $6.5 Mn Series A From PayU India Fintech startup ZestMoney has secured $6.5 Mn in its Series A round of funding led by PayU India. Existing investors, US-based Ribbit Capital and Omidyar Network, also participated in the round. This new round of funding aims to help ZestMoney further augment its risk engine and develop better in-house technology. It’ll also help the platform expand its […]
- The Long Road To A Cashless India: Are Indian Fintech Startups Ready? [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] In the seventeenth century, Sweden became the first European nation to print paper money. Come the 21st and it looks like it could be one […]
- Times Internet and HDFC Bank Launch Debit Card For Online Shopping To Entice Indian Millennials India’s working and spending population has never been as robust as it is in 2016. With Millennials (18-30 age group) making up 64% of the 1.3 billion population by 2021, starting their first jobs; their spending power has become the focus of businesses everywhere. Keeping this strategic demographic in mind, Times Internet (of the Times […]
- Snapdeal Partners With HDFC Bank To Unveil Co-Branded Credit Cards Jasper Infotech, owner of online marketplace Snapdeal has announced the launch of co-branded ecommerce credit card jointly with the private sector bank, HDFC Bank in partnership with VISA. It was reported earlier that Snapdeal is planning to launch one of its kind initiatives to clutch significant portion of annual gross merchandise sales generated from Tier […]
- Snapdeal Partners With HDFC Bank to Launch Co-Branded Credit Card In a first of its kind partnership in the Indian ecommerce segment, Jasper Infotech owner of Snapdeal, online marketplace, has entered into a three-year alliance with the private sector bank, HDFC Bank, to launch a co-branded credit card. According to sources, the co-branded Snapdeal-HDFC credit card is expected to be launched over the next 4-6 […]
- How One Startup Plans to Replace Every Card in Your Wallet Entrepreneur Kanish Parashar has an ambitious goal: He wants to replace every credit card, gift card and loyalty card in your wallet. To do that, Parashar has founded a company called Coin. Unlike other companies like Square and PayPal that are trying to do the same thing with mobile apps and proprietary services, Parashar plans to use […]
- New RBI rules to Restrict Credit/Debit Card’s International Usage A new RBI circular might turn out to be another big blow for a lot of Indian E-commerce companies and Startups, not to mention also cause a lot of frustration and inconvenience for the general public as well. After discussions with Banks, the RBI had issued the guidelines via Circular dated 28.02.2013 on “Security and […]