The Competition Commission of India (CCI) has conducted antitrust investigations, concluding that Amazon and Walmart’s Flipkart repeatedly violated local antitrust laws, while Samsung and Xiaomi colluded with them.
Fintech company LoanTap and a banking-as-a-service startup Hyperface have reached a strategic partnership to boost online lending services in India.
Visa is currently partnering with companies such as Paytm and PayU to promote digital payment practices in India.
Google Pay has presented several new offers through the Indian United Payments Interface (UPI).
Global central banks purchased 483 tonnes of gold in the first half of 2024, outperforming the previous record of 460 tonnes set in H1 2023 by 5%.
India was chosen as the first country to experience the benefits of the new Mastercard Payment Passkey Service to facilitate payment authorisation and make online shopping more secure.
The PayMate BBPS-B2B platform aims to standardise and digitise nationwide commercial processes related to invoicing, payment initiation, collection, reconciliation and settlement.
Network People Services Technologies (NPST) introduced a suite of AI-powered solutions for digital payments at the Global Fintech Fest (GFF) 2024 in Mumbai.
The Reserve Bank of India (RBI) intends to launch a technology platform that aims to enable frictionless lending.
Indian fintech PhonePe grabs the opportunity provided by RBI and offers its customers an ability to link pre-approved credit line to UPI apps.
Airtel Payments Bank, which is based in India, announced the launch of a new security solution called Face Match.
The smart wearable market of India is the second-largest in the world after China. Notably, most of the smartwatches and other wearable devices sold in India are produced locally. This way, along with the local branches of globally known technology producers, India hosts a range of indigenous smart wearable startups and scaleups.
The Startup India Scheme is a major initiative launched by the Indian government to promote innovation, support entrepreneurship, and stimulate economic growth by establishing new startups.
The new Axis Bank credit card product developed in partnership with Visa targets ultra-high net worth customers in India.
In India, the inflation rate fell below the target level of the central bank of this South Asian country for the first time in almost five years.
Being the second-largest wearable market after China, India saw its wearable device market decline for the first time ever, by 10.0% year-over-year (YoY) to 29.5 million units in Q2 2024.
© 2024 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.
