CRED Secures In-Principle Approval for Payment Aggregator License CRED, the Bangalore-based fintech startup, has recently made headlines by securing in-principle approval for a payment aggregator license from the Reserve Bank of India (RBI). This significant development marks a major milestone for CRED, positioning it as a key player in the rapidly evolving digital payments landscape…
BharatPe Appoints Nalin Negi as Chief Executive Officer BharatPe, the leading fintech company, has recently announced the appointment of Nalin Negi as its Chief Executive Officer. This strategic move comes as part of the company’s ambitious expansion plans and commitment to further strengthening its position in the digital payment ecosystem. Nalin Negi brings with him…
Ashneer Grover Ventures into Fintech with Zerope Medical Loan App The co-founder of BharatPe, Ashneer Grover, has taken another bold step into the realm of fintech with the launch of Zerope, a medical loan app. This venture marks Grover’s foray into addressing a crucial need in the healthcare sector, particularly in India, where access to…
NeoBank Revolut India Receives In-Principle Approval for PPI License from RBI The Reserve Bank of India (RBI) has granted an in-principle approval to NeoBank Revolut India for a Prepaid Payment Instrument (PPI) license. This move marks a significant development in the fintech sector in India. NeoBank Revolut, known for its digital banking services, has been…
Max Verstappen of Red Bull Dominated the Japanese Grand Prix Max Verstappen, the prodigious Dutch driver, showcased his impeccable skills yet again at the Japanese Grand Prix, dominating the race from start to finish. The Suzuka Circuit witnessed a masterclass performance from Verstappen, who left his competitors trailing behind in his wake. With this victory,…
SIDBI Partners with Karmalife to Offer Micro Loans for Gig Workers Small Industries Development Bank of India (SIDBI) has recently announced a strategic partnership with Karmalife, a fintech platform, to extend micro-loans to gig workers. This collaboration aims to address the financial needs of individuals engaged in the gig economy, providing them with access to…
UPI Ends FY24 with Record Transactions Worth ₹199 Lakh Crore Unified Payments Interface (UPI) has closed the financial year 2023-24 with a groundbreaking milestone, recording transactions worth a staggering ₹199 lakh crore. This achievement marks a significant surge in digital transactions, highlighting the increasing adoption of digital payment methods in India. The exponential growth of…
Policybazaar Establishes Wholly-Owned Subsidiary PB Pay Private Limited for Expansion into Payment Aggregation Services In a strategic move aimed at broadening its spectrum of services, Policybazaar, India’s leading online insurance aggregator, has announced the establishment of its wholly-owned subsidiary, PB Pay Private Limited. This latest endeavor marks the company’s foray into the domain of payment…
India Launches Hello UPI and Bharat BillPay Connect for Conversational Payments In a significant development in the realm of digital payments, India has taken yet another step forward to enhance its fintech ecosystem. The recent launch of “Hello UPI” and “Bharat BillPay Connect” marks a noteworthy stride in the direction of conversational payments. This move…
SBI to Launch New Current Accounts and Savings Accounts in FY24 to Attract Deposits State Bank of India (SBI) is set to launch new current accounts and savings accounts in the financial year 2023-24 to attract more deposits. This move is aimed at increasing the bank’s market share in the current account and savings account…
