Fintech in India News

India

India’s Central Bank Spurring a Digital Payments Boom

India’s Central Bank has been digitising the country’s payment process at a rapid speed. The digital payment index (DPI), a metric used by the Reserve Bank of India (RBI) to determine the growth of digital payments across the country, rose to 349.30

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Indian Fintech Signzy Secures US$26 Million in Funding Round Led by Gaja Capital

India-based digital banking infrastructure enabler Signzy announced that it had raised US$26 million in a funding round led by private equity firm Gaja Capital. The round was also joined by its existing investors Vertex Ventures and Arkam Ventures. According to

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Despite Soaring Funding and Valuations, Indian Fintechs Struggle to Turn a Profit

India’s fintech industry has grown as a rapid pace over the past years, and stands today as the world’s third largest fintech startup hub. Locally, fintech companies raised a staggering US$29 billion in funding in the first seven months of

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MAS Collaborates With India’s IFSCA to Drive Fintech Innovation

The Monetary Authority of Singapore (MAS) and India’s International Financial Services Centres Authority (IFSCA) has signed a co-operation agreement to facilitate regulatory collaboration and partnership in fintech. Based in Gujarat, IFSCA is a unified authority for the development and regulation

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J.P. Morgan to Acquire Renovite to Bolster Its Payments Modernisation Strategy

J.P. Morgan has signed an agreement to acquire payments technology company Renovite to bolster the firm’s payments modernisation strategy and support its journey to the cloud. Upon closing of the transaction, Renovite will become part of J.P. Morgan Payments, which

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India’s Fintech Sector to Reach US$1T in AUM by 2030

India has emerged into one of the largest fintech ecosystems in the world, owing to surging funding activity, rapid adoption of digital financial services and supportive government initiatives. Over the next decade, the sector will continue to rise substantially, with

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Top 30 Open Banking Influencers for India 2022

India is seeing the rise of a thriving open banking ecosystem, a burgeoning landscape that has emerged on the back of governmental initiatives and infrastructure projects seeking to boost financial inclusion through digital technology. The India Stack digital infrastructure, which

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MAS and India’s IFSCA Sign MoU for Supervisory Cooperation

India’s International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) on supervisory cooperation in the presence of the Prime Minister of India Shri. Narendra Modi. The IFSCA is a

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A Look at India’s Grand Vision to be a Global Payments Powerhouse

In June, The Reserve Bank of India (RBI) released its Payments Vision 2025, a document that outlines the central bank’s ambitions for the domestic payment ecosystem for the next three years, sharing aspirations for cross-border payment linkage, the development of

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Partior Sets up Development Center in India, Makes Several Key Appointments

Partior, a blockchain technology provider for payments clearing and settlement, has set up its new Hyderabad Development Center in India and made several appointments to its leadership team. The Hyderabad Development Center is the first in the company’s line-up of

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