Tag "fintech"

Axis Bank’s accelerator program boosting innovative fintech, AI startups

BANGALORE, INDIA: Axis Bank has announced the completion of the first cohort of its startup Accelerator Program at its innovation lab,’Thought Factory’, in Bangalore. The bank might explore some of the novel solutions around Payments, Investments and Credit which are developed by the startups

Here’s how micro-lending startup SlicePay addresses students’ queries on lending

Soma Tah Access to small amount of credits and that too without collaterals can be very difficult for students. The ‘Buy now-Pay later’ micro-lending startup, SlicePay looks to solve this problem by giving students credit to buy products such as

Shoppers Stop partners ToneTag for sound-based contactless payments

By : CIOL Writers

Following in the footsteps of Digital India mission, leading fashion retailer, Shoppers Stop has partnered ToneTag, a proximity communications firm, to integrate and deploy ToneTag sound-based contactless payments at its stores. This technology will use sound-waves from mobile phones to enable

Snapdeal’s Jason Kothari takes additional role as FreeCharge CEO

Snapdeal announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge and a commitment to invest an additional $20 million in the Company. In addition to taking on the role of the CEO, Jason will continue his

Blockchain-enabled global gifting startup Easter Egg raises $400K

By : CIOL Writers

Easter Egg, a blockchain-enabled, global gifting platform that enables people to gift across the globe, has raised $400K in its initial round of funding from Wealthy Ideas. The company plans to use the funds to hire new talent. Sandeep Sangli

ItzCash invests in expense management fintech startup Finly

By : CIOL Writers

Digital payments company ItzCash has made an equity investment in the Bangalore-based expense management fintech startup Finly. The deal has been bought to fruition through part equity investment and part business partnership. “The expense management market for corporates is approximately a

Airtel picks up stake in digital lending platform, Loan Singh

NEW DELHI, INDIA: Bharti Airtel  through its subsidiary Bharti Airtel Services has acquired a strategic equity stake in fintech company, Seynse Technologies, which built a digital lending platform, Loan Singh to provide easy loans for credit-worthy yet underserved borrowers. Seynse

Paytm to invest 600cr to expand its QR code-based payment network

NEW DELHI, INDIA: Paytm said that it will invest over Rs 600cr to enable merchants across India for acceptance of digital payments using its QR code based payment solution. The company is investing in scaling up manpower, technology, and merchant

Fintech Valley Vizag launches startup challenges

By : CIOL Writers

In a bid to make the city of Visakhapatnam the Fintech hub of India and the world, Andhra Pradesh’s Fintech Valley, Vizag is building a complete eco-system including Fintech start-up entrepreneurs, innovators, incubators, investors and academia. Taking this mission forward,

FreeCharge will now sell mutual funds on its platform

FreeCharge will now sell mutual funds on its platform. The launch aims at building and strengthening the financial services offering at FreeCharge. FreeCharge also runs an extensive lending program, Capital Assist on its platform. Announcing this new service, Govind Rajan,

Here’s all you want to know about Airtel Payments Bank

India’s first payments bank by Airtel has commenced national operations in all 29 States of India from today. Union Minster of Finance and Corporate Affairs, Arun Jaitley formally launched Airtel Payments Bank’s national operations in New Delhi yesterday. Airtel Payments Bank,

Paytm likely to launch the second payments bank in India, after Airtel

By : CIOL Writers

After Airtel Payments Bank, India’s first payment bank, Paytm is all geared up to bring the country’s second payments bank. Vijay Shekhar Sharma, founder and CEO of Paytm announced that Paytm Payments Bank has finally received launch approval from Reserve

PayPal announces Incubator Challenge for fintech startups

PayPal announced the launch of the fifth edition of the PayPal Incubator Challenge. Early-stage financial technology companies, including startups across the country specialising in loyalty, machine learning, big data and logistics, among others can compete for a spot in the

Razorpay waives off debit card transaction fees for its merchants

BANGALORE, INDIA: Online payments platform, Razorpay has waived off all service charges on Debit Card transactions for all of its 10,000+ merchants till December 31, 2016. This move is aimed at helping businesses affected by demonetization and encourage users to transact

BankBazaar simplifies registration with Truecaller log-in

BANGALORE, INDIA: Personal finance marketplace, BankBazaar.com announced a tie-up with Truecaller to allow its  users to log on to the platform through their Truecaller credentials instead of Facebook or Google for a quick and frictionless registration experience. By tying up

Walnut app crowdsourcing user info to help find ATMs with cash

BANGALORE, INDIA: As accessing cash via ATMs has become a very cumbersome process these days with ATMs running out of cash more than often, personal finance management app, Walnut has launched a feature that will allow users to find a

Snapdeal allays cash crunch concerns of buyers with new FreeCharge pay on delivery feature

NEW DELHI, INDIA: Snapdeal announced a Wallet on Delivery (WoD) feature, which will allow users to pay on delivery by using their FreeCharge wallet. The launch of Wallet on Delivery is a quick and effective solution to all user concerns about Cash on Delivery

Getting a loan/Hailing a cab. Which one’s faster?

Pratima H NEW DELHI, INDIA: When someone speaks at almost 300 kmph and still makes every

Unocoin releases API for Bitcoin wallets

BANGALORE, INDIA: India’s popular bitcoin company, Unocoin has implemented its first-ever, easy-to-access Application Programming Interface (API)

Wipro launches open banking API platform to help BFSI clients enhance digital offerings

BANGALORE, INDIA: Wipro has launched its Open Banking API (Application Programming Interface) Platform. The Open API platform,