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Fintech startup Recko secures $1 million from Prime Venture Partners

Recko, a Bengaluru-based, reconciliation fintech startup has got an overall investment of $1 million from early stage fund Prime Venture Partners, cited yourstory. The startup...

Amazon infuses worth ₹450 cr into India payments unit

Amazon, a global leader in the e-commerce industry, has put ₹450 crore into its payments unit in India, Amazon Pay. According to the sources, cited...
PhonePe

PhonePe declares to have 5 million offline merchants on its app

PhonePe, a digital payment platform, based out of Bengaluru, has reached an offline merchant base to over five million, cited yourstory. The latest development of...

Singapore’s fintech startup FnO raises $2 million in angel round

FnO, a Singapore-based fintech startup has raised $2 million (approx ₹13 crore) in an angel round. The platform will use the infuse funds to...

Retail payments platform Pine Labs set to launch new mobile-based PoS...

Pine Labs, based out of Delhi-NCR, is, reportedly, planning to launch its new mobile centric PoS (point of sale) product for merchants, cited Inc42....

Paytm in talks to raise $1.5-2 billion from Softbank, Alibaba; Valuation...

Digital payment platform Paytm is soon likely to receive around $1.5 billion to $2 billion in a latest funding round. As per media reports,...

PhonePe gets in-principle approval to hive-off business from Flipkart

Flipkart owned digital payments platform, PhonePe  has got in-principle approval from Flipkart to hive-off its business from its parent organisation. Flipkart has a 100%...

Walmart invests ₹743 crore in digital payments subsidiary PhonePe

As per the reports, Flipkart backed PhonePe gets a ₹743 crore funding from world's largest retailer- Walmart. The fresh funds will be used for promotions...

Tencent backed WeChat likely to be new entrant in India’s UPI...

The Unified Payment Interface (UPI) which was launched in 2016 has been rapidly gaining ground in the Indian digital payment space. Last December it...
Mobile Wallets

RBI extends deadline for full KYC for eWallets by 6 months

Bringing big relief to the digital payments platform, the central bank of India extended its earlier deadline of February 28 for complying with full...