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Wall Street snubs China for India in a historic global markets shift | Srinivasan Sivabalan, Chiranjivi Chakraborty & Subhadip Sircar

A momentous shift is under way in global markets as investors pull billions of dollars from Chinaโ€™s sputtering economy, two decades after betting on the country as the worldโ€™s biggest growth story. Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc.…
Hong Kong Jitania Kandhari Aninda Mitra Rajnish Girdhar Nirmala Sitharaman Gaurav Narain

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Paytm sees massive user slump after RBI restrictions

A survey database released on Feb 8 by Kirana Club mentioned that 42% of Kirana stores (general/grocery shops) shifted to other payment apps from the Paytm app after the Jan 31 notice of the Reserve Bank of India (RBI), levying restrictions on Paytm Payments Bank Ltd (PPBL).
Kirana Club National Payment Corporation Of India Paytm Payments Bank Ltd Paytm Payments Bank Reserve Bank Google Pay

Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India's UPI payments amid Paytm clampdown

An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the An Indian parliamentary panel has urged New Delhi to support domestic fintech players to rival duopoly of PhonePe and Google Pay.
National Payments Corporation Of India Paytm Payments Bank Walmart Backed Phonepe Google Pay Reserve Bank National Payments Corporation

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