India

India’s Razorpay Triples its Valuation to $3 Billion as It Eyes South East Asia

Indian payments firm Razorpay announced that it has secured US$160 million during its Series E funding round which has tripled its valuation to US$ 3 billion. The funding round was co-led by GIC, Sequoia along with Ribbit Capital and Matrix

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Indian Fintechs Ride Digital Payment Wave to Expand to Lending, Wealth, Insurance

With approximately 200 million active users and 30 million merchants, Indian payment players are now riding the growth of digital payments to expand to other financial segments beyond their core offerings, including wealth management, insurance and lending, says a new

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India’s Open Banking Landscape Thrives on the Back of Digital Public Infrastructure

Pioneered by banking incumbents, India’s open banking ecosystem has grown to become part of the Indian financial landscape and is now among one of the most advanced in the world. The development of open banking in India has been facilitated

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Insurtech Gets a Boost in India Amid Rising Digital Adoption

Fundamental shifts in consumer preferences, favorable regulation, and rising interest from investors are stimulating the growth of insurtech in India. Results of a survey conducted by the Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce and

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India’s Top 30 Blockchain Influencers

Over the last several years, blockchain has been gaining traction in India especially with the financial institutions undergoing massive digital transformations. According to Tracxn, a startups and private companies tracking platform, there are 218 blockchain startups in India as of

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WhatsApp India Has Rolled Out Its Payment Feature

WhatsApp has rolled out a secure payments feature for its users in India, the experience is said to make the process transferring money as easy as sending a message. WhatsApp designed the payments feature in partnership with the National Payments Corporation

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India’s Fintech Industry Growing Strong Despite COVID-19

Home to more than 2,100 fintech companies, India is one of the world’s largest fintech markets, after the US, China and the UK. Despite the massive disruption brought by COVID-19, fintech companies remain bullish on the long-term growth prospect of

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Razorpay Latest to Achieve Unicorn Status in Asia With US$100 Million Funding Led by Sequoia, GIC

Indian payment gateway provider Razorpay secured US$100 million in Series D financing, simultaneously achieving the major milestone of becoming the newest unicorn in India. With this round, Razorpay welcomes their latest partner GIC, Singapore’s sovereign wealth fund to its investor

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Rapyd Enters India Through Partnerships with Paytm and Other Major Players

Rapyd, a global fintech company, announced today its partnership with key players of India’s payments ecosystem – including Paytm Payments Bank, PhonePe, PayU, Citibank, DBS Bank, HDFC Bank, BharatPay and Unimoni to roll out a comprehensive payment service. This service

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10 Fastest Growing Fintechs in India According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

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