NPCI’s UPI Journey Reaches a New High
The National Payments Corporation of India (NPCI), the force behind India’s digital payments revolution, is riding high on the success of platforms like UPI, IMPS, and BBPS. For the financial year ending March, NPCI reported a huge jump in its annual surplus — a sign that India’s digital payments ecosystem is thriving like never before.
While NPCI…
In a groundbreaking move for the financial world, Rupeeflo, a fintech startup founded in 2024, has secured $1 million in pre-seed funding to transform the way Non-Resident Indians (NRIs) invest in India. Backed by Piper Serica Angel Fund, this new venture is set to make banking, investing, and financial services in India smoother, quicker, and more accessible for the millions of NRIs across the…
Fintech Startup’s Successful Series A Funding Round to Fuel Growth
Noida-based The Money Club, a fintech platform designed to offer on-demand liquidity solutions, has successfully raised $2.5 million in its Series A funding round. This new investment, led by Prudent Investment Managers, comes at a crucial time as the startup continues its mission to empower India’s lower middle-class…
In a ground-breaking partnership, Vegapay and Yes Bank are introducing a new way to access credit directly through UPI. This collaboration aims to make credit more accessible to millions of Indians, especially in a country where only a small percentage of the population has access to traditional credit cards.
A Game-Changing Partnership for Financial Inclusion
In a major move to expand credit…
In an era where convenience reigns supreme, digital wallets have emerged as game-changers in the way we handle money. Gone are the days of bulky wallets stuffed with cards and cash. Today, with just a tap on our smartphones or a quick scan of a QR code, we can pay for everything from our morning coffee to big-ticket items online. This article explores the rise of digital wallets, their benefits…
Indian fintech startups have experienced unprecedented growth over the past decade, with a staggering 500% increase and over $31 billion in investments, according to Prime Minister Narendra Modi. Speaking at the Global Fintech Fest 2024, Modi highlighted the transformative impact of fintech innovations on the Indian economy and society. The event, organized by the National Payments Corporation of…
At the Global Fintech Fest in Mumbai, Infosys co-founder and chairman Nandan Nilekani highlighted that startups leveraging India’s digital public infrastructure (DPI) are now valued at $100 billion. Nilekani emphasized that the development of Aadhar and the Unified Payments Interface (UPI) was designed to lay down foundational “rails” for private sector innovation.
“The estimated market…
Infosys co-founder and non-executive chairman Nandan Nilekani has highlighted the transformative impact of India’s digital public infrastructure (DPI) on the startup ecosystem, revealing that the value of startups built on this foundation exceeds $100 billion. Speaking at the Global Fintech Festival 2024, Nilekani emphasized the pivotal role that foundational technologies like the Unified…
Unified Payments Interface or UPI has enrolled 2.3 billion exchanges worth Rs 4,31,181 crore or Rs 4.31 trillion in January, as per information delivered by National Payments Corporation of India.
This is a 3% hop in volume and a 3.6% flood in an incentive for UPI from December, which had seen 2.23 billion exchanges adding up to Rs 4,16,176.21 crore or Rs 4.16 trillion.
While NPCI has not…
