Cellecor-CashKaro: A Game-Changing Tech Partnership
Cellecor, a premium brand of smart gadgets, has partnered with CashKaro, India’s largest cashback and coupons platform, to offer customers an unparalleled online shopping experience. This strategic collaboration aims to revolutionize the lifestyle tech industry by introducing cutting-edge smart products that enhance convenience, connectivity and intelligence. Cellecor is a Delhi-based company that offers a range […]
YES BANK: First Indian Bank on RXIL’s ITFS Platform
Yes Bank has become the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services Centres Authority (IFSCA) . This strategic partnership facilitates arranging credit for exporters and importers from both […]
Razorpay POS: Instant Refunds for Failed UPI Transactions
Razorpay POS, India’s leading omnichannel payments and banking platform for businesses, has launched a revolutionary feature that will enhance the in-store payment experience for customers and merchants alike. The feature, called instant refunds, will allow customers to receive refunds for failed UPI transactions within 2 minutes, instead of the industry standard of 5 to 6 […]
ZestMoney Acquired by DMI Group in Strategic Move
In a surprising turn of events, the DMI Group, a pan-India financial services platform, announced the acquisition of ZestMoney, a leading buy now pay later (BNPL) startup, on January 17, 2024. The deal is said to be a fire sale, as ZestMoney had shut down its operations in December 2023 due to funding crunch and […]
Mastercard Pioneers Healthcare Payments: Introduction of Virtual Card for Medical Claims
Mastercard, one of the world’s leading payment network processors, has announced a groundbreaking solution for medical claim payments in India. The company has partnered with one of the leading financial institutions in India and Remedinet, a cloud-based health tech platform that simplifies the back-end of cashless claims by connecting hospitals, insurers and third-party administrators. How […]
RBI’s Draft Guidelines for Fintech Self-Regulation: A New Era in Financial Technology
The Reserve Bank of India (RBI) has recently released a draft framework for recognising Self-Regulatory Organisations (SRO) for the FinTech sector, inviting comments and feedback from stakeholders and the public by the end of February 2024. The draft framework aims to achieve a healthy balance between facilitating innovation by the industry and meeting regulatory priorities […]
Veefin’s SmartFin: Yes Bank’s New Solution for Streamlining Supply Chain Finance Digitally
Yes Bank, one of the leading private sector banks in India, has launched SmartFin, an advanced digital platform for supply chain finance (SCF) in collaboration with Veefin Solutions, a fintech company that specializes in SCF solutions. The platform aims to support micro, small and medium enterprises (MSMEs) by providing them with easy access to working […]
India and Singapore Connect Through NPCI’s UPI-PayNow Linkage
Revolutionizing Cross-Border Transactions India and Singapore have taken a significant leap in financial technology by integrating their digital payment systems, UPI (Unified Payments Interface) and PayNow. This integration marks a major milestone in the evolution of international financial transactions, paving the way for a more connected global economy. The UPI-PayNow Linkage: A Game-Changer The linkage […]
e-Rupee: Navigating India’s Digital Currency Revolution
, the Digital Rupee had reached 50,000 users and 5,000 merchants. Notably, e₹-W averaged ₹3.25 billion in transactions per day in November 2022. Major retail chains and payment gateways have started accepting e₹-R for transactions. Furthermore, UPI interoperability has been integrated, allowing users to make payments using the digital rupee through existing UPI QR codes and virtual payment addresses.