Wallet startup TMW Fintech faces bankruptcy risk

  • TMW Fintech purchased goods from MCT Cards and Technology Pvt. Ltd, a Manipal-based provider of SIM cards and smart cards for biometric identification and payment facilitation.
  • TMW Fintech has no publicly declared external funding and offered a wallet-linked prepaid card powered by global payments firm Mastercard.
  • A year later, TMW Fintech collaborated with Reliance Infrastructure Ltd’s Mumbai Metro One, launching a 2-in-1 travel Metro smart card.

[Via]

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download Pluggd.in, the short news app for busy professionals