Page 34 - Fintech News Today

India Business News: NEW DELHI: Shares of One97 Communication, owner of brand Paytm, were trading flat on BSE and NSE on Friday.

TerraPay, a leading global cross-border payments network company, and Diamond Trust Bank Uganda (DTBU), a prominent member of the Diamond Trust Bank Group, today, announced a strategic partnership to expand international money transfers and strengthen financial inclusion in Uganda. Together, both firms will deliver unparalleled benefits to customers worldwide. The key attributes of this partnershi...

Brazilian digital bank Nu swung from a net loss in 2022 to a $1 billion net profit in 2023 on revenues of more than $8 billion.

Ebury, one of the world’s largest fintech companies specializing in transactions for SMEs, today announced its partnership expansion with Nium, the leader in real-time global payments, to deliver a groundbreaking global remittance service in Brazil.

Balance relocated its headquarters from Toronto to Calgary at the end of January.

The stock was trading at $81.39, adding more than $8 billion to the companys market value. Block has been looking to lower costs and drive "profitable growth" in the business by trimming headcount and reducing its real estate footprint. The company said on Thursday it plans to cut 112 jobs in March.

The Reserve Bank of India is cracking down on India's online payment apps due to concerns about fraud and security. Paytm has already faced regulatory action, and more nonbank intermediaries may be targeted. Find out why India's online payment apps are not as safe as they seem.

Revolut, the global financial super-app with more than 35 million customers globally, has launched its own Robo-Advisor service in Ireland. The new product allows customers to save time and automate investing tailored to their needs.

Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country’s preferred system for moving money online is devoid of fair charges — and free from competition, there are great risks

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