USOF, Prasar Bharati, ONDC: MoU for Rural Digital Services
In a landmark initiative aimed at accelerating rural digital transformation, three key Indian government agencies – the Universal Service Obligation Fund (USOF), Prasar Bharati, and the Open Network for Digital Commerce (ONDC) – signed a tripartite Memorandum of Understanding (MoU) on March 12, 2024. This collaboration signifies a significant commitment, with a combined investment of […]
India, ADB Sign $181M Loan to Boost Ahmedabad’s Livability
In a significant move for urban development in India, the Government of India and the Asian Development Bank (ADB) have signed a loan agreement valued at $181 million. This strategic partnership targets the Ahmedabad Peri-urban Livability Improvement Project, a comprehensive initiative designed to elevate living standards for an estimated 2.6 million residents in Ahmedabad, Gujarat’s […]
Indus PayWear: IndusInd Bank’s Complete Tokenised Wearable
IndusInd Bank has emerged as a frontrunner in the Indian fintech industry with the launch of Indus PayWear, unveiled on March 11, 2024. Indus PayWear represents a groundbreaking innovation – India’s first all-in-one tokenized wearable. This revolutionary technology empowers users to make secure contactless payments using their IndusInd Bank debit or credit cards, eliminating the […]
Slice Parent, North East Bank in CCI-Approved Deal
Landmark Fintech Consolidation Gets Regulatory Greenlight On March 12, 2024, the Competition Commission of India (CCI) granted its approval for the merger between Garagepreneurs Internet Private Limited (GIPL), the parent company of prominent fintech player Slice (valued at over $1 billion in 2021 funding rounds), and North East Small Finance Bank (NESFB). This crucial regulatory […]
Sidbi’s Avaana Secures $24.5M GCF Funding
On March 6, 2024, the Small Industries Development Bank of India’s (SIDBI) climate finance arm, Avaana, secured a significant $24.5 million investment from the Green Climate Fund (GCF). This strategic infusion serves as a catalyst for the launch of Avaana’s flagship initiative, the Avaana Sustainability Fund (ASF), with a total corpus of $120 million. The […]
Aurionpro Bags ₹100-Crore SBI Contract for iCashpro+ Platform
In a move that underscores Aurionpro’s position as a leading innovator in the Indian fintech industry, the company has secured a monumental ₹100 crore contract from State Bank of India (SBI), the country’s largest banking institution. This multi-year partnership signifies the deployment of Aurionpro’s next-generation cash management platform, iCashpro+, across SBI’s vast network. The implementation […]