The digital payments platform that was recently rebranded from Tez to Google Pay by the technology giant Google has crossed the milestone of 25 million monthly active users who have in total carried out about 860 million transactions over the past year. Recalling the progressive one year since the launch of Google’s payment offering in India, Caesar Sengupta who […]
Online marketplace IndiaMART InterMESH Ltd have received markets regulator Sebi’s go-ahead to float initial share sale offers. With this, the number of companies getting Sebi’s approval to float an initial public offer (IPO) has reached 50 this year so far. Indiamart which had filed draft their respective draft offer documents with Sebi in June, obtained […]
The multinational technology giant Google is reportedly teaming up with four Indian banks for the purpose of granting consumer loans online. This move comes as the fight for a $1 trillion digital finance market is intensifying. The banks that the largest search engine is partnering with include HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Federal […]
Following a number of delays and a few hurdles, the updated version of UPI which is commonly called UPI 2.0 is set to be introduced to the people by the National Payments Corp of India. The UPI 2.0 will be launched today at an event in Mumbai. Urjit Patel, the Governor of The Reserve Bank of India […]
It was yesterday morning and the first text message that greeted me was from one of India’s leading private bank. My bank account was in that leading bank and the SMS was, “UPDATE: Balance in A/c XX1628 has gone below minimum limit of INR 5,000.00. Yesterday’s balance: …… Check A/c statements on the MobileBanking App” […]
Mutual funds are a popular investment source for investors. For investors with limited knowledge, time or money, mutual funds can provide simplicity and other benefits with valuable returns. An equity fund is a mutual fund that invests principally in stocks. It can be actively or passively managed. How do equity mutual funds work? In these type of funds, you give money to a fund, which […]
Bharat Innovation Fund (BIF), an early stage deep-tech and intellectual property (IP) focused venture has announced the first close of its $100 million fund. The venture has received the first close of the fund at approximately $50 million with secured commitments from institutional investors such as corporates, banks, insurers, and fund of funds. The various fund […]
US-based digital payment company MoneyOnMobile has plans to invest $6.2 Mn to boosts its Indian expansion plans, as informed by its chief executive officer, Harold Montgomery. The announcement for fresh infusion plans has come right after the firm raised $5 Mn Series H funding from S7 Group. MoneyOnMobile’s chief executive officer Harold Montgomery told that […]
One of the biggest online platforms in India named Indiamart.com will soon raise the company’s valuation to as much as Rs 600 crore through a proposed initial public offering (IPO). The company will soon file draft papers for its initial share sale which is expected to take place next month. According to the reports, investment […]
Amid of all the privacy and security scams going on around the world, the threat research company Quick Heal Security Labs has come across two Trojan banking virus designed to rob financial or banking information of people by the usage of some of the most popular social media and banking apps. According to the security labs, these […]
Online payments firm Paytm, run by One97 Communications Pvt. Ltd. is supposedly planning to soon introduce offline physical point-of-sales (PoS) terminal for its merchant customers. After QR code feature, Paytm is now enabling cards payments at merchant locations. According to the reports, it is being anticipated that will bring in two types of PoS terminals […]
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Honourable Prime Minister of India, Mr Narendra Damodardas Modi on April 8, 2015. If you own a small business and want to have sufficient funds to make your business grow and flourish and need a strong financial backing? Then this scheme may help you […]