Freo Secures IRDAI License to Expand Insurance Offerings Freo, a prominent fintech company, has made headlines recently by securing a license from the Insurance Regulatory and Development Authority of India (IRDAI) to expand its insurance offerings. This strategic move marks a significant milestone in Freo’s journey to diversify its financial services and cater to a…
Introduction of UPI Payment Service in Maldives The President of Maldives has officially launched the Unified Payments Interface (UPI) payment service, marking a significant milestone in the nation’s economic development. This initiative aims to enhance the financial ecosystem by facilitating seamless digital transactions, which is expected to boost tourism and local businesses. With the UPI…
Jio Payments Bank Secures Mutual Funds Distribution License from AMFI In a significant development for the financial sector, Jio Payments Bank has been granted a mutual funds distribution license by the Association of Mutual Funds in India (AMFI). This landmark decision positions Jio Payments Bank as a major player in the Indian financial ecosystem, enhancing…
National Postal Day 2024: Celebrating the Pillars of Communication National Postal Day is celebrated on October 10th every year in India to honor the invaluable contributions of the postal service in the nation’s development. The day marks the establishment of the Indian postal system, which has been a significant part of the country’s infrastructure for…
UP’s Rural Women Drive ₹27,000 Crore in Financial Transactions Introduction to the Initiative The Uttar Pradesh government’s recent initiative to empower rural women has yielded remarkable results, with over ₹27,000 crore in financial transactions facilitated by women self-help groups (SHGs). This initiative, part of a broader strategy to promote women’s entrepreneurship and financial inclusion, aims…
YES BANK and Paisabazaar Launch Feature-Rich PaisaSave Cashback Credit Card Introduction to the PaisaSave Credit Card YES BANK, in collaboration with Paisabazaar, has launched the PaisaSave Cashback Credit Card, aimed at enhancing customer experience through a plethora of features and benefits. This innovative card is designed to cater to the evolving needs of consumers, offering…
Atal Pension Yojana (APY) Reaches 69 Million Subscribers with a Corpus of ₹35,149 Crore The Atal Pension Yojana (APY), a government-backed pension scheme aimed at unorganized sector workers, has recently achieved a milestone of 69 million subscribers, with a corpus of ₹35,149 crore. This significant development demonstrates the widespread acceptance and success of the scheme,…
UPI Users Can Now Send ₹5 Lakh for Certain Transactions The Unified Payments Interface (UPI), a flagship initiative of the National Payments Corporation of India (NPCI), has now increased the transaction limit for select services, allowing users to send up to ₹5 lakh. This is a significant development in India’s digital payments ecosystem, aimed at…
HDFC Bank Launches GIGA Financial Services for India’s Gig Workforce Introduction to GIGA Financial Services HDFC Bank has unveiled its new initiative, GIGA Financial Services, aimed at supporting India’s burgeoning gig workforce. This new service is designed to address the financial needs of gig workers who often face challenges in accessing traditional banking services. GIGA…
India Post Payments Bank (IPPB) Celebrates 7th Foundation Day Introduction India Post Payments Bank (IPPB) recently celebrated its 7th Foundation Day, marking seven years of its significant role in revolutionizing financial services in India. Established with the vision to enhance financial inclusion, IPPB has made strides in bridging the gap between formal banking and the…
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