GIFT City Fintech Education Collaboration: GTU IFSC Skill Development Initiative

Daily Current Affairs11 months ago11 months ago06 mins

GIFT City fintech education collaboration with GTU focuses on IFSC skill development, research, and fintech innovation in India. Explore objectives, benefits, and exam relevance. GIFT City and GTU Collaborate to Advance IFSC Education and Fintech Innovation Introduction: Bridging Education and Financial Innovation Gujarat International Finance Tec-City (GIFT City) and Gujarat Technological University (GTU) have launched…

NPCI FY25 Surplus Report: Revenue Hits ₹3,270 Crore, UPI Drives 213 Billion Transactions

Daily Current Affairs1 year ago1 year ago04 mins

NPCI FY25 Surplus Report shows ₹1,552 crore profit and ₹3,270 crore revenue with 213 billion digital transactions via UPI and other platforms, reflecting India’s growing fintech infrastructure. NPCI Reports Surplus Crosses ₹1,500 Crore, Revenue Hits ₹3,270 Crore in FY25 Strong Financial Performance Underlines NPCI’s Growth The National Payments Corporation of India (NPCI), the linchpin of…

Slice Merger with NESFB: Enhancing Financial Inclusion in Northeast India

Daily Current Affairs1 year ago1 year ago05 mins

Slice Completes Merger with North East Small Finance Bank Overview of the Merger In a significant development in India’s financial landscape, Slice, a prominent fintech company, has successfully completed its merger with North East Small Finance Bank (NESFB). This merger, aimed at enhancing Slice’s banking capabilities, will allow the fintech firm to leverage NESFB’s extensive…

SuperMoney Acquires BharatX: Flipkart-Backed Fintech Expansion in Digital Lending

Daily Current Affairs1 year ago1 year ago05 mins

Flipkart-Backed SuperMoney Acquires BharatX to Strengthen Its Growth Strategy Introduction In a significant move in the fintech industry, Flipkart-backed SuperMoney has acquired BharatX, a company specializing in embedded credit services. This acquisition aims to enhance SuperMoney’s reach and capabilities in the digital lending sector, catering to India’s growing need for instant and flexible credit options….

SBI Launches Project Finance Unit Targeting AI, Fintech, and E-Commerce Sectors

Daily Current Affairs1 year ago1 year ago06 mins

The State Bank of India (SBI), the nation’s largest lender, is set to establish a dedicated unit aimed at providing project financing solutions for emerging sectors such as artificial intelligence (AI), financial technology (fintech), and e-commerce. This strategic initiative underscores SBI’s commitment to adapting to the evolving financial landscape and supporting industries that are pivotal…

RBI Decision: UPI Payments via Third-Party Apps for PPI Holders – Impact on Digital Transactions

Daily Current Affairs1 year ago1 year ago06 mins

RBI Allows UPI Payments via Third-Party Apps for PPI Holders The Reserve Bank of India (RBI) has made a significant move by permitting Unified Payments Interface (UPI) payments via third-party applications for Prepaid Payment Instrument (PPI) holders. This initiative aims to enhance the ease of digital transactions and promote financial inclusion by expanding the scope…

Digital Payment Trends February 2025: UPI, FASTag & AePS Performance Analysis

Daily Current Affairs1 year ago1 year ago04 mins

Introduction Digital payments in India have witnessed rapid growth over the past few years, driven by the increasing adoption of online transactions, government initiatives, and technological advancements. In February 2025, key digital payment systems such as Unified Payments Interface (UPI), Immediate Payment Service (IMPS), FASTag, and Aadhaar Enabled Payment System (AEPS) continued to show significant…

Justice B.N. Srikrishna to Lead Advisory Board of Equal and OneMoney – Impact on Fintech in India

Daily Current Affairs1 year ago1 year ago07 mins

Justice B.N. Srikrishna to Lead Advisory Board of Equal and OneMoney Introduction to the Appointment of Justice B.N. Srikrishna Justice B.N. Srikrishna, a former judge of the Supreme Court of India, has been appointed to lead the advisory board of Equal and OneMoney, two fintech ventures focused on revolutionizing financial services in India. The announcement…

Freo Expands Insurance Offerings with IRDAI License | Fintech Innovation

Daily Current Affairs2 years ago2 years ago05 mins

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…

Navi Achieves 5th Spot in UPI Rankings: Significance and Future Prospects

Daily Current Affairs2 years ago2 years ago05 mins

Navi Achieves 5th Spot in UPI Rankings for Second Time Introduction: Navi’s Remarkable Achievement Navi, a prominent financial services company, has recently secured the 5th position in the Unified Payments Interface (UPI) rankings for the second consecutive time. This accomplishment highlights Navi’s significant contribution to India’s digital payment landscape. The UPI system, which has revolutionized…

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