The fintech sector in India has seen significant changes over the past several decades. Starting with the initial phase of banking computerization, which began in the late 1980s and early 1990s, this foundational step set the stage for more advanced innovations in the financial industry.
The media reports that the Indian mobile content provider Glance is currently in active negotiations on raising capital as part of a funding round led by the current backer, which is Google.
The Indian sovereign bond market is currently gaining foreign equity investors.
Indian tech startup Ultrahuman has its smart ring equipped with a unique function – monitoring users’ heart rhythm at night to detect signs of Atrial Fibrillation (AFib).
Indian-beleaguered Paytm has received approval to invest 500 million rupees ($6 million) in a key subsidiary.
RBI joins BIS cross-border payment initiative Project Nexus to facilitate instantaneous retail payments among ASEAN countries.
The State Bank of India has launched a web-based invoice financing solution for microbusinesses and small and medium-sized businesses.
India’s first dedicated, direct-to-investor mutual fund, Quant Mutual Fund, is being investigated by the Securities and Exchange Board of India (SEBI) over alleged front-running practices.
The Indian startup Zepto, which specializes in carrying out activities to provide grocery delivery services to consumers, is currently preparing to go public.
Pine Labs Pvt, the Asian digital payment provider backed by Peak XV Partners and Mastercard Inc., is currently considering raising about $1 billion in investment funds during an initial public offering (IPO) of shares in India.
Google has launched a dedicated mobile app with artificial intelligence in India called Gemini.
The International Finance Corporation (IFC) partnered with EPIC Group, a leading player in the global apparel industry and a sustainable fashion company, to help finance its green capital expenditure program and support sustainable textile facility expansion in Bangladesh and India.
Currently, India is striving to develop as a kind of technological center and is making concrete efforts in a practical dimension aimed at achieving the corresponding goal, which already has certain results in the form of investments from companies belonging to the Big Tech category from abroad.
For entrepreneurs and business owners, the fintech industry presents an exciting frontier of opportunities. The buzz surrounding fintech startups is hard to ignore, particularly in startup hotspots like India where the vibrant startup culture is driving forward innovation at an impressive pace.
Based in the United Kingdom, Worldpay, a company specializing in the implementation of payment transaction processing activities, has published a report according to which there is currently an increase in the use of digital wallets at the global level.
HubSpot surveyed 600 founders and startup leaders in Singapore, India, Indonesia, and the Philippines to discover that the Southeast Asia (SEA) and India regional ecosystems remain resilient and demonstrate significant signs of maturity.
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