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We'll soon meet in your inbox. Please wait... The move is aimed at expanding the reach of these services to more users and reducing settlement risks, RBI governor Shaktikanta Das said on Wednesday. “It is now proposed to enable non-bank PSOs like PPI issuers, card networks, white label ATM operators and Trade Receivables Discounting System (TReDS) platforms regulated by RBI, to take direct membership in CPSs. This facility is expected to minimise settlement risk in the financial system and enhance the reach of digital financial services to all user segments,” Das added. This means that co...

We'll soon meet in your inbox. Please wait... Existing investors DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina also participated in the new round, while Insight Partner is the new entrant to Cred's cap table. "I'm very happy to share that three months after our Series C, continued interest from leading institutional investors has resulted in us closing a Series D," Shah said in the note, reviewed by ET. "While valuation is a milestone that many celebrate, we view it as a responsibility and an opportunity to create member value," added Shah, wh...

We'll soon meet in your inbox. Please wait... “We are proud of our team for their incredible achievements during the pandemic while working remotely for an entire year. The effort translated into a successful Series B to help take the brand to new heights in 2021 and beyond,” said co-founder and CEO Vivek Goyal. “With screen time for children ages 4 to 9 averaging as high as five hours per day, we have a responsibility to help kids develop their early-learning skills in this digital age. Our products offer rich and variable content that engages children ten times better than the top 25...

Demand for tech talent from captives grew 22% in second half of FY21: Quess SECTIONS Last Updated: Apr 06, 2021, 05:32 PM IST Share Synopsis Banking and financial services, technology services and consulting, auto and engineering and have significantly contributed to the demand from the captive centres. Getty Images Demand for technology skills among captives or global development centres in India has grown 22% during the second half of this last financial year, said staffing and business solutions major Quess in a report. The staffing major said roles such as IT security, full stack develop...

BPM firms see higher demand from healthcare segment with Covid-19 vaccination SECTIONS Share Synopsis Companies such as Genpact, Startek, HGS, WNS and others are seeing a growth in new deals and increase in business from existing clients with demand rising for services Business process management (BPM) companies see higher demand from the healthcare segment with roll-out of vaccination programmes across the US, the UK and other markets, and increased testing for Covid-19. Companies such as Genpact, Startek, HGS, WNS and others are seeing a growth in new deals and increase in business from exi...