RBI cancels Paytm Payments Bank licence due to non-compliance. Learn reasons, impact, key facts, FAQs, and MCQs for UPSC, SSC, Banking and other competitive exams. RBI Cancels Paytm Payments Bank Licence Over Regulatory Non-Compliance Introduction to the RBI Action The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank (PPBL),…
KreditBee unicorn funding news 2026: Learn how KreditBee raised $280 million, fintech growth, IPO plans, and key facts for UPSC, Banking, SSC exams. KreditBee Enters Unicorn Club After Raising $280 Million Funding Introduction to KreditBee’s Unicorn Milestone Bengaluru-based fintech startup KreditBee has achieved a significant milestone by entering the prestigious unicorn club after raising $280…
Wipro AI Hub GIFT City BFSI services explained in detail for exams. Learn key facts, importance, MCQs, and takeaways for UPSC, Banking, SSC, and PSC preparation. Wipro Launches AI Hub at GIFT City: Boost to Global BFSI Services Introduction to Wipro’s AI Hub Initiative In a significant development for India’s technology and financial services sector,…
NPCI International BENEFIT partnership connects India’s UPI with Bahrain’s Fawri+ to enable real-time cross-border payments and strengthen digital remittance infrastructure between India and Bahrain. NPCI International Teams Up with BENEFIT to Enable Cross-Border Payments In a significant development in the digital payments ecosystem, NPCI International Payments Limited (NIPL) — the international arm of National Payments…
Bharat Yatra Card Launch by Flipkart and Pine Labs introduces India’s first unified public transport payment solution under the NCMC framework, supporting Digital India and One Nation One Card initiatives. Flipkart and Pine Labs Launch the “Bharat Yatra Card” for Unified Public Transport Payments A New Era in Seamless Transit Payments In a strategic partnership,…
UPI daily transaction record sets new benchmark with 707 million transactions in a day. Understand the impact on India’s digital economy, MDR concerns, and government goals. UPI Sets New Record with 707 Million Daily Transactions — India’s Digital Payments Boom Continues Record-Breaking Day for UPI On August 2, 2025, India’s Unified Payments Interface (UPI) achieved…
RBI Innovation Hub appoints Sahil Kini as CEO in July 2025. Learn key insights, history, and exam-relevant facts for banking, PSC, and UPSC aspirants. Sahil Kini Named CEO of RBI Innovation Hub: Leading India’s Fintech Innovation Charge A New Leader at RBIH Sahil Kini, co‑founder of Bengaluru‑based fintech infrastructure firm Setu and a former core…
BharatPe to Sell 25% Stake in Unity Small Finance Bank Introduction: BharatPe’s Strategic Move to Sell Stake in Unity Small Finance Bank BharatPe, one of India’s prominent fintech companies, has announced plans to sell a 25% stake in Unity Small Finance Bank. This move comes as part of the company’s broader strategic decision to streamline…
