Tag: India

Axis bank has partnered with AWS, Visa and The Open Vault to support its innovation lab Thought Factory. Read more: thetechportal.com

India’s largest m-commerce platform Paytm is in advanced talks with a slew of investors to raise between $300m and $350m. Read more: e27.co

Indian digital wallet MobiKwik has secured a deal with South African mobile payments firm Net1 that will see it receive $40m over two years as a strategic investment.

PayPal India is rolling out new features for its corporate users, including PayPal.Me ,to allow B2B sellers and freelancers to accept cross-border payments. Read more: www.pymnts.com

After Infosys with its Finacle, TCS is only the second IT firm that is readying a core banking software based on underlying technology behind Bitcoin currency. Read more: www.livemint.com

Focused on building Aadhaar-based products for paperless, presence-less and hassle-free documentation practice, Digio has raised $400,000. Read more: www.thehindubusinessline.com

Indians possess a habit to save and prefer to spend in cash with a vast majority of the 1.2 billion population without a bank account. Read more: www.forbes.com

FinTech (financial technology) startups are disrupting traditional consumer banking by offering alternative, cheaper and more convenient financial services. Read more: www.theepochtimes.com

PayU, a payments provider owned by South African multinational Naspers, is acquiring Indian payments and mobile banking service Citrus Pay.

The startup, which launched its services a month ago, has already tied up with players including The Mobile Wallet, Paymart, Fino, Easypolicy among others. Read more: economictimes.indiatimes.com