India & Singapore to Officially Link Payment Systems
Central bank institutions of Singapore and India will link their real-time payment systems next week to enhance cross-border payment connectivity
India - page 13
PhonePe Raises $100 Million
The Indian digital payments platform PhonePe attracted investments for $100 million.
India’s Retail Giant Trials CBDC
Reliance Retail – India’s largest retailer – takes part in the large-scale trial of digital rupee CBDC. The network will start accepting the new payment instrument at its Freshpik store
BharatX Partners Snitch for BNPL Services
The partnership allowed Indian clothing brand Snitch to enable the white-label BNPL option provided by BharatX on its checkout page
Walmart Readies $2.5 Billion Investment in India’s E-Commerce and Payments
Walmart plans to invest more than $2.5 billion to develop its e-commerce and payments business in India.
PhonePe’s Valuation Doubles Over $12BN
The valuation of the Indian fintech giant PhonePe has more than doubled and exceeded $12 billion in a new round of financing.
First UAE Fintech to Launch India UPI Payment Integration
Last week, India decided to open its Unified Payments Interface (UPI) payment gateway for NRIS (non-resident Indians).
Delhi Buses to Get Contactless Ticketing
The Department of Transport of the Government of the Indian District of Delhi announced a tender for the development and implementation of a digital ticket sales system in buses.
Axis Bank Partners OPEN for Fully Digital Current Business Account
One of the largest private sector banks in India – Axis Bank – partnered with the digital banking enterprise, OPEN, to provide a fully native digital current account for its business customers
Indian Bank Introduces QR Code Bill Payment System for CESC
The new bill payment system enables customers to pay by scanning the dynamic QR code linked to the unified payments interface (UPI)
Are Startups Going Out of Fashion?
Tech startups across the globe are now facing a massive drain of funding from the segment. The total number of startups has also significantly declined. Why does it happen, and what to expect next?
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