- India Leads The Global Fintech Space, Says RBI Executive Director S Ganesh India has emerged as the global leader in fintech and one of the biggest disruptors in businesses in the recent years. The focus now is on safety, security and affordability of the system, said S Ganesh Kumar, Executive Director, Reserve Bank of India (RBI). “We have proved to the rest of the world that in […]
- News Roundup: 11 Indian Startup News That You Don’t Want To Miss This Week [9-14 October] We bring you the weekly dose of important Indian startup news of the week. The country’s sole electric vehicle manufacturer Mahindra and Mahindra (M&M) is looking to join hands with Ford Motor to build a new electric sedan. The move is geared towards capturing the growing electric vehicles market in India. Also, recently, the Indian […]
- Fintech Major Mastercard Launches Its First Innovation Centre In India Amid increasing number of payment portals and fintech startups in India, US-based fintech company Mastercard has announced the launch of its global research and development arm Mastercard Labs in Pune, India. After Singapore, this will be the second Mastercard Labs in Asia-Pacific, and ninth in the world. The initiative aims to bring and harness new […]
- Another Step Closer To ‘Cashless Economy’ – NPCI Launches Bharat QR Code First came demonetisation. Then came the BHIM app. And now, it’s time for the BharatQR Code. In a bid to motivate people to switch to electronic payments, and to realise the dream of changing India to a cashless economy at the soonest, the National Payments Corporation of India (NPCI) in association with Visa and Mastercard has […]
- Razorpay Co-founder Harshil Mathur On Funding, Accelerators, Fending Off ‘Me Too’ Startups, And More With many Indian startups maturing and developing well past the early fund raising stages, we understand that it is important to chronicle more than just their clichéd entrepreneurial journeys. Their learnings at various stages help enthusiasts understand the ins and outs of traversing through the challenges of their own ventures. To this end, we, at […]
- News Roundup: 12 Startup Stories You Don’t Want To Miss This Week [12 September – 17 September] Noida-based mcommerce company Paytm introduced Aadhaar-based eKYC (E-Know Your Customer) to make customer verification a real-time, paperless process. The eKYC is part of an iSPIRT initiative called India Stack. Paytm received a license from the Reserve Bank of India (RBI) to set up a payments bank along with 10 other companies in August 2015. Important […]
- Mastercard Plans To Partner With Indian Government To Facilitate Smart Cities Initiative US-based financial services corporation, MasterCard has plans to collaborate with the Union and State Governments of India to provide technologies for the ‘Smart Cities’ initiative. The announcement was made by Porush Singh, Country Corporate Officer (India) and President, South Asian division, MasterCard. Smart cities is an initiative launched by MasterCard to increase the feasibility of […]
- 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 […]
- MasterCard Invests In Razorpay; Duo To Collaborate in Accelerating Mobile Payments Among SMEs Online payment gateway Razorpay is collaborating with MasterCard to speed up the adoption of online and mobile payments among small businesses in India. As part of the collaboration, MasterCard has also invested an undisclosed amount in Razorpay. Additionally, Razorpay has integrated the MasterCard Payment Gateway to enable merchants and card issuers to authenticate each other […]
- MasterCard partners with India’s Beam to offer prepaid card for mobile wallets MasterCard has announced a cooperation with Indian mobile wallet provider Beam to offer pre-paid cards to the service’s 14 million customers and help reach the nation’s many “underbanked” citizens. Beam is off to a strong start in India with its mobile payment solution, and its new partnership with MasterCard should give it more momentum. The companies plan […]