An integration of fintech with a non-financial product, service, or solution, etc., embedded finance is definitely going to rise over time!
Tag - Fintech
With the recent advancements in almost everything (plus the infamous ‘pandemic’), every industry has gone through changes (more or less, but yes). Although ‘banking’ didn’t need many changes, with digitalisation on the rise, even the banking industry has become a racing field for the survival of...
Meet the trio from Kolkata who made 3x profit with their ventures StockEdge and Elearnmarkets during the pandemic!
RBI recommends that payments banks looking to convert to small finance banks can apply to do so after three years or operations.“The RBI’s original licensing guidelines had required that payments banks must have a five year background in the payments space to be able to apply for a license. This...
NPCI said WhatsApp can expand its UPI userbase "in a graded manner starting with a maximum registered user base of twenty (20) million in UPI." Interestingly, NPCI recently said it had issued a cap of 30% of total volume of transactions processed in UPI, applicable to all third-party app providers...
PhonePe boasts of 250 million users and 40% market share in UPI transactions.
In October, PhonePe clocked 835 million UPI transactions out of 2.07 billion UPI transactions across all platforms.
The Reserve Bank of India has given the green signal to payment networks — Visa, Mastercard and NPCI — to allow tap-and-go functionality on card payments for all purchases below Rs. 2000.
"It should be a matter of three months if all goes well.” -an official told ET.
RBI has introduced Aadhaar-based Video Customer Identification Process (V-CIP) to allow banks and other lenders to remotely complete KYC of customers on video. Lenders can use this facility as an alternative to the already available e-KYC facility. The central bank has amended its guidelines under...
The number of debit cards in India is down by 15% from 998 million cards , as on Nov 3, 2018 to 843 million, as of October 2019. Reason? As per bankers, nearly 155 million cards went out of the market because of the EMV migration from magnetic-strip to chip-based cards, weeded out dormant accounts...