Mswipe Technologies News Today

As fintech startups try to onboard merchants faster than competition, theyre mostly conducting only the basic checks prescribed by the RBI and skipping enhanced due diligence which could help keep fraudsters away. Large payment companies are approaching KYC more as a security checklist — perhaps for cost considerations — than a monitorable mandate by the RBI.

The funding comes shortly after India's apex bank the Reserve Bank of India (RBI) granted a payments aggregator licence to the company.

Byjus and a group of its investors have been given three days by the National Company Law Tribunal to file written submissions on a plea about the edtech firms rights issue. This and more in todays ETtech Morning Dispatch.

Mswipe said it will use the proceeds from the ongoing fundraise to increase its merchant payment network, to strengthen its product and technology infrastructure.

Zomato CEO Deepinder Goyal said established businesses in India should nurture startups, but without the intention of owning them. This and more in todays ETtech Top 5.

Digital payments company Mswipe Technologies has raised $20 million in primary growth equity capital from its existing investors. While it didn’t share the names of the ......

Upon securing preliminary approval in 2022, Mswipe set its sights on piloting its internally developed payment gateway stack with its established merchant base. It was looking to become a full-stack payments player, diversifying from offering offline merchant acceptance devices.

In terms of the amount settled, debit card transactions are just a third of the amount settled through UPI during the month. In value terms Rs 17 lakh was settled through UPI in November. Besides widespread usage in financially savvy urban centers, UPI is now picking up in semi urban and rural areas.

In terms of the amount settled, debit card transactions are just a third of the amount settled through UPI during the month. In value terms Rs 17 lakh was settled through UPI in November. Besides widespread usage in financially savvy urban centers, UPI is now picking up in semi urban and rural areas.

The strengthening of its leadership structure comes as Mswipe is looking to push its global expansion plans.