Digital Wallet

Grab Acquires Bengaluru Based Payments Startup iKaaz

Grab, the on-demand from customers transportation and mobile payments system in Southeast Asia has obtained Bengaluru-based mostly startup iKaaz. With this, Grab is aiming to capture the abundant operation of iKaaz’ mobile payments system. Put up acquisition, iKaaz’ leadership staff will accelerate feature improvement and companion integration of GrabPay, Grab’s payments system, at its Bengaluru…

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Bajaj Finance To Get Higher Stake In Digital Payments Company MobiKwik Due To Change In Valuation

Bajaj Finance will now maintain 12.60% in electronic payments enterprise MobiKwik, up from the 10.83% it acquired in August final 12 months for about $35.2 Mn (INR 225 Cr). As for each a inventory-exchange filing, because of to a modify in the conversion selling price of compulsorily convertible cumulative desire shares (CCCPS), the enterprise will…

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11 Indian Startup News You Don’t Want To Miss This Week [1-6 Jan 2018]

We convey you the weekly dose of vital Indian startup information of the 7 days. Ecommerce significant Flipkart invested all around $257 Mn in its logistics subsidiary Ekart, throughout the time period in between October and November 2017, as proven in the filings with the Registrar. The investment decision was manufactured in numerous tranches by…

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PayU To Surrender PayUMoney Wallet License; Will Focus On CitrusPay

Online payment provider provider PayU India has introduced that it will surrender the license of its electronic wallet PayUMoney. The companies of the PayUMoney wallet will be closed by January 31, 2018 and the users have been requested to push the remaining amounts back to their bank accounts. Also, in purchase to avoid any variety…

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RBI Considers Extending KYC Deadline Of Mobile Wallets

In the second week of October, the RBI released stricter norms for PPIs, as for every which end users of cellular wallets had till the close of this yr to convert to the full KYC structure. In a new progress, the country’s central banking establishment is now “looking into” requests for an extension of the…

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9 Fintech Startups To Watch Out For In 2018 [Startup Watchlist]

This article is part of Inc42’s Startup Watchlist annual series where we list the top startups to watch for 2018 from industries like Blockchain, Logistics, Fintech etc. Explore all the stories from ‘Startup Watchlist’ series here. “Digital technology provides a low-cost way for people in developing countries to send money to each other, buy and…

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For Paytm Boss, Vijay Shekhar Sharma, Sachin Bansal Is the Reason India Has A Vibrant Startup Ecosystem

If there is one word that describes Paytm boss Vijay Shekhar Sharma, it is “hustler”. A self-taught programmer, a child prodigy who had graduated as an engineer by the time he was 19, an entrepreneur in college, and now the founder of one of India’s most renowned and valuable fintech startup, Vijay has been hustling…

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Digital Payments Giant Paytm Set To Launch Incubator For Startups

Homegrown digital payments unicorn Paytm has declared options to start an incubator for startups, with the intention of facilitating the development of modern tech remedies in India. Through its “Build for India” initiative, Paytm is gearing up to invite tech enthusiasts, which includes pupils and specialists, from throughout the nation. As aspect of the incubator…

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Paytm Reports 3X growth In Transactions During 12/12 Festival

Alibaba-backed digital payments unicorn Paytm has registered 3x advancement in transactions throughout offline service provider partner stores during the second edition of its 12/12 competition. Held on December 12, the purchasing competition was aimed at driving income for offline service provider partners accepting Paytm. As for each the company’s official assertion, the 12/12 competition contributed…

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