PhonePe Expands New Funding to $850 Million
General Atlantic has directed an additional investment of $100 million for the development of PhonePe.
India - page 13
Apple Partner Foxconn to Invest $500 Million in India’s Telangana
Foxconn will direct investments of $500 million to establish enterprises in the southern Indian state of Telangana.
Disney+ Streaming Service Loses 4 Million Subscribers in First Quarter
Disney has announced that its flagship streaming service has lost 4 million subscribers in the first three months of this year.
BharatPe Obtains Controlling Stake in Trillion Loans
Indian fintech BharatPe has bought a 51% stake in a local non-banking financial company Trillion Loans to improve access to credit for its merchant partners
UK and India Seek to Further Strengthen Fintech Collaboration
A new report by the Indian-British Financial Partnership (IUKFP), a leading forum for cooperation in the field of financial services between India and the UK, outlined ways to activate and strengthen cooperation between the two countries in the field of fintech.
Worldline and SignCatch Launch Merchant Digitization Program in India
The media reported that Worldline and SignCatch have established a partnership relationship.
Paytm Launches 4G Soundbox Payment Device
Paytm Soundbox audio confirmation solution now comes in 4G to boost the payment acceptance experience for merchants in India
India’s Central Bank Abandons UPI Rival Project
The UPI-alternative project that had attracted interest from major tech and finance industry players, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI, is winding up
Apple to Open Its First Retail Store in India
Apple is currently preparing to open its first retail store in India.
India Government-Backed Open E-Commerce Network Expands to Mobility
The Open Network for Digital Commerce, an initiative supported by the Government of India, has begun to show interest in a new field of activity.
UAE and India to Test Cross-Border CBDC Use
The Central Bank of the UAE and the Reserve Bank of India have agreed to jointly explore innovation in financial products and services, especially Central Bank Digital Currencies (CBDC)
Worldline Launches Voice Alert Box to Boost Financial Inclusion in India
Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity
Walmart Invests $200 Million in PhonePe
PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.
RBI Fines Amazon Pay
The Central Bank of India has taken action in the form of a fine against the Indian division of Amazon Pay.
PayU Launches 3DS2 SDK for Indian E-Commerce
Indian payment aggregator PayU to offer 3DS2 software development kit (SDK) for all domestic and international transactions to resolve the issues of transaction security and speed
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