Tag: India
Indians have a staggering amount of trust in online payments
India's online success story is rooted in its trusting internet users. Over 72% of Indians trust the internet overall. Read more: qz.com
Alibaba-backed Paytm forays into digital gold
Consumers can buy and sell gold using their Paytm account for as low as $0.02 which will then be stored in lockers. Read more: e27.co
Indian police crack down on OneCoin with seizures & arrests
Indian authorities are engaging in a sweeping crackdown on OneCoin, a digital investment scheme that is commonly seen as a scam. Read more: www.cryptocoinsnews.com
Blockchain is the coolest thing in Indian finance right now
It's tough to keep up with technology. And India's finance sector knows it too well. Read more: qz.com
Amazon acquires Indian mobile payment license
In another attempt to secure a firm grasp on the Indian market, Amazon has turned towards mobile wallets for its next venture. Read more: www.crowdfundinsider.com
Nomura launches Indian FinTech programme
Japanese investment bank Nomura is launching a new FinTech programme in India to encourage local entrepreneurs to build tools for the capital markets. Read more: www.fintechroundup.com
SoftBank plans $1.5bn investment in India’s Paytm
Japanese investment giant SoftBank plans to invest as much as $1.5bn into Indian payments firm Paytm. The investment will see Paytm valued at as much as $9m. Read more: www.fintechroundup.com
IBM is going all in on blockchain for trade finance
Software giant IBM has been a leader in blockchain-based solutions targeting trade finance, launching solutions for Indian Mahindra Group. Read more: uk.businessinsider.com
FinTech companies cash in on retail lending boom
Supported by a 12% YOY growth in banks personal loans, cos like Rubique, CoinTribe, Paisabazaar and BankBazaar have grown their businesses. Read more: economictimes.indiatimes.com
Amazon gets payments license to run wallet in India
Amazon India has received a payment license from the Reserve Bank of India to offer a wallet to its users. Only 84 companies operating in India hold this license. Read more: www.techinasia.com