Page 74 - Pine Labs News Today

Citibank seeks to sell its credit card business for as much as Rs4,000 cr

Posted April 7th, 2021 for Airtel Easy to Integrate. Telco Grade Security. Built to Manage Billions of Devices New Delhi, April 7, 2021: Bharti Airtel (“Airtel”), India’s premier communications solutions provider, today launched ‘Airtel IoT’ – an integrated platform that enables enterprises to harness the power of Internet of Things (IoT) and be ready for the emerging era of connected things. According to Ajay Chitkara, Director & CEO – Airtel Business, “Enterprises h...

Pine Labs appoints Marc Mathenz as next CFO Pine Labs appoints Marc Mathenz as next CFO Mumbai, May 4: Pine Labs, Asia’s leading merchant commerce platform, on Tuesday announced the appointment of Marc Mathenz as the Chief Financial Officer. Pine Labs is expanding to newer markets with its popular tech-first Pay Later proposition, recently introduced a mass-use digital payments product like AllTap and acquired Southeast Asia’s leading consumer fintech platform called Fave. In his extensive...

Google Pay to soon bring contactless UPI payments using NFC in India Back in September 2017, Google brought its UPI-based payment serviced dubbed Google Pay in India. If you’ve been using it since its initial launch, then you already know that it used to go by the name ‘Tez’ (which is Hindi for Speed). Since its initial release, the search engine giant has rolled out new features to its payment app. Users can now even recharge their prepaid and postpaid connections while also paying vario...

6 hours ago ICICI Bank is adopting Aritificial Intelligence (AI) and Machine Learning (ML) in a big way. Over the last year, these technologies have reduced internal costs for the bank and helped significantly drive its deposit and lending growth, the banks management said during an earnings call with analysts. The bank reported a net profit of Rs 4,402 crore in the fourth quarter of FY21, around 260.5% higher compared to the same period in the previous year, according to its financial results....

In Southeast Asia, "buy now, pay later" is becoming an increasingly popular way for shoppers to pay for purchases Players including Grab, GoJek, Razer,

In 2020, early-stage and bridge funding almost doubled, indicating that investors recognized the value in innovation. Krishna Ella, MD, Bharat Biotech is an outstanding example of techno-entrepreneurship. His company’s vaccine is in global demand, and his business scaled up during the challenging times of the pandemic, although his business isn’t a startup.  Besides giants like Pfizer, Moderna and Astra Zeneca, Bharat BioTech now features companies that provide the COVID vaccine to the wor...

Will Singapores Fave succeed in India following Pine Labs acquisition? ANI | Updated: Apr 19, 2021 12:16 IST By Lee Kah Whye Singapore, April 19 (ANI): Last week, Noida based Pine Labs announced that it is acquiring Fave, one of Southeast Asias fastest growing fintech and e-commerce startups in a cash plus stock deal. Pine Labs said in a press release that it is paying over SGD 60 million (USD 45 million) to take over the Singapore-based company. Faves inv...

Your (dis)order has arrived Want this newsletter delievered to your inbox? SUBSCRIBE Well soon meet in your inbox. / Morning Dispatch Good morning, Differing Covid-19 restrictions in various parts of the country and a shortage of delivery agents are starting to delay e-commerce deliveries. A senior executive at an e-commerce firm said the authorities haven’t learnt much from last year’s lockdown. Also in today’s letter: The rise of rupee funds Razorpay’s valuation trebles Deliver us fr...

Why do so many MNC banks give up pursuit of retail El Dorado in India? SECTIONS Share Synopsis A few years later in 2007, ABN Amro, which had acquired Bank of America’s retail business in 1998, sold out to RBS following a global deal. In the last decade, Deutsche Bank, ING, RBS and HSBC sold significant portions of their retail businesses in the country. Reuters (This story originally appeared in on Apr 17, 2021)Mumbai: For decades, multinational banks have sought to tap the continent-size...