Fintech Archives - nextbigwhat

News

Zerodha-rival Groww gets approval to acquire Indiabulls mutual fund business

The Competition Commission of India on Thursday gave its approval to stock and mutual funds platform Groww’s parent Nextbillion Technology Pvt Ltd’s to acquire Indiabulls Asset Management Company and Indiabulls…

News

India’s fintech market to triple to ₹6.2 lakh cr by 2025: MoS Finance Karad

India’s fintech market to triple to ₹6.2 lakh cr by 2025: MoS Finance Karad. Premium. The government’s various initiatives have led to fast growth in the fintech sector, which is…

News

Last mile delivery of financial services a huge opportunity’

Fintech or digital innovations have emerged as a potentially transformative force in the financial markets aiding efficiency improvements, risk reduction and greater financial inclusion, he said. Doshi sees last mile…

News

India launches Account Aggregator to extend financial services to millions

Eight Indian banks announced that they are rolling out – or about to roll out – a system called Account Aggregator to enable consumers to consolidate all their financial data…

News

Zerodha gets Sebi nod to start mutual fund biz

Brokerage firm Zerodha on Wednesday received market regulator, Securities and Exchange Board of India’s in-principle approval to start its mutual fund business. Earlier this month, financial services company Bajaj Finserv…

News

Google Pay launches digital FD in tie-up with Equitas Small Finance Bank

2 min read. Updated: 01 Sep 2021, 02:55 PM IST Meghna Sen. Equitas Small Finance Bank on Wednesday announced that it will now enable users to open fixed deposits on…

Big B 1st Indian star to roll out NFT collection

Talent management company Rhiti Sports and decentralised NFT exchange platform GuardianLink.io have jointly launched a first-of-its-kind NFT platform in India – BeyondLife. Actor Amitabh Bachchan will be the first Indian…

Digital India

Walmart-owned PhonePe gets AA license from RBI

Walmart-owned digital payments service provider PhonePe group on Thursday said a fully owned subsidiary of it has received an in-principle approval from the Reserve Bank of India to operate as…

MeitY Startup Hub, Paytm to launch programme to support deep-tech startups

Digital payments and financial services firm Paytm on Thursday said it has signed an agreement with IT ministry’s startup hub to scale deep-tech startups by providing access to platform, knowledge…

Digital India

Google ties up with fintech to let its users open FDs on GPay

Google has teamed up with Setu, a fintech specialising in providing application programming interfaces, to allow its users to book fixed deposits through Google Pay, a person with knowledge of…

Embedded Finance: The Next Big Thing In Fintech!

An integration of fintech with a non-financial product, service, or solution, etc., embedded finance is definitely going to rise over time!

Tech

How Are Neo Banks Changing The Conventional Banking Industry?

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…

Meet the trio from Kolkata who made 3x profit with their ventures StockEdge and Elearnmarkets during the pandemic!

Dhandha

Meet The Trio Disrupting The New Age Edtech & Fintech Industry!

Meet the trio from Kolkata who made 3x profit with their ventures StockEdge and Elearnmarkets during the pandemic!

Tech

Payments Banks May Convert To Small Finance Lenders In Three Years: RBI Working Group

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 means that these entities are not new entrants in the payments space and have experience,” said R Gandhi, former RBI deputy governor and adviser to Paytm Payments Bank. “The working group perhaps took note of this fact and allowed.

Digital India

Big Deal: WhatsApp given approval to ‘go live’ on UPI in phased manner by NPCI

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 (TPAPs). This will be with effect from January 1, 2021.

Tech

PhonePe Claims 40% Market Share in UPI Transactions; Clocks 250 Million Users

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.