Open Financial News Today

Amazon Pay gets final nod from Reserve Bank of India, expanding its fintech reach

The cuts, which will impact about 6% of its 5,500 to 6,000 staff, will most likely happen across teams like technology, call centre, and corporate roles. As per briefs given to senior leaders in the firm, the layoffs are expected to kick in over the next few weeks.

For Razorpay and Cashfree, Christmas came a week early, as after a year of being under embargo from the RBI, which halted new merchant onboarding, the startups finally managed to restart business.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

While UPI going global will accelerate cross-border transactions in a faster and easier way, experts also say that adoption of UPI globally will further accelerate the growth of fintechs and their penetration globally.

Once considered the heartbeat of downtown communities, Niagara will see three more bank branches close this summer as CIBC on Queen Street in Niagara Falls and in downtown Ridgeway say goodbye, as well as BMO at the north end of Port Colborne

Best Media Info: IIFL Finance is a retail-focused NBFC and it says it has a loan AUM of $7 billion, serving over 8.5 million customers across India| Marketing News

As per the reports, Open Financial technologies, a neo-banking company, is ready to launch its cross-border payment platform.

With this fundraising, Bengaluru-based insurtech startup Pazcare claims to have raised over $12 Mn in total to date

Starting from pre-seed/seed levels, the fresh funds would be used in investing in startups till Series A across four sectors