RBI Issues Amazon Pay With A Payment Aggregator License
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Amazon Pay, the digital payments division of Amazon India, has been bestowed with a payment aggregator (PA) license by the Reserve Bank of India (RBI), situating it among the exclusive…
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Following the RBI’s ban, Paytm shares fell 20% to hit the lower circuit.
One 97 Communications (OCL), the parent company of Paytm, saw its shares plummet by 20% as trading commenced. This significant drop came after the Reserve Bank of India (RBI) imposed…
PhonePe has launched a payment gateway for MSME merchants with no setup or annual maintenance fees.
MSMEs’ ease of doing business: PhonePe, a digital payments business, entered the payment gateway services industry in India on Wednesday, formally launching the PhonePe Payment Gateway with an exclusive limited…
Alza has come out of stealth mode to provide cost-effective and accessible financial solutions for immigrants
Arturo Villanueva, who spent over four years working with Stripe’s financial partnerships team, has founded Alza. During his time at Stripe, Villanueva led partnerships with major financial institutions like Visa,…
Zopa, UK Neobank, Surpasses 1 Million Customers and Raises $93 Million in Debt Funding
Introduction: Zopa, a prominent UK neobank established in 2004, achieved a significant milestone by reaching 1 million customers. In 2021, the neobank garnered a $1 billion valuation following a substantial…
Unveiling Success: The Visionary Approach of Sumit Sinha
In the dynamic landscape of technology-driven investments, Sumit Sinha stands as a trailblazer, navigating the realms of entrepreneurship and venture capital with finesse. As the Co-Founder & Managing Partner at…
Kuku FM secures a $25 million funding round, with leading participation from Nandan Nilekani’s Fundamentum Partnership and the International Finance Corporation (IFC)
Audio content platform Kuku FM has successfully raised $25 million in Series C funding, with Nandan Nilekani’s Fundamentum Partnership and the International Finance Corporation (IFC) jointly leading the investment round.…
Square Resolves Daylong Outage: Fintech Giant Back Online After Service Interruption
Fintech giant Square has successfully resolved a daylong outage that disrupted its services, leaving small business owners unable to process payments. The company, owned by The Block, encountered a prolonged…
The higher education service provider platform CollegeDekho has secured $35 million in a Series B funding round
The online higher education platform, CollegeDekho, has recently disclosed the successful completion of its Series B funding round, raising a total of $35 million. This funding round was spearheaded by…
The Paytm Saga: From Inception to Innovation
In the dynamic landscape of the Indian startup ecosystem, few stories resonate as powerfully as that of Paytm. Founded in 2010 by visionary entrepreneur Vijay Shekhar Sharma, Paytm has become…