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Financial Inclusion: How Spice Money is creating financial awareness and generating employment in rural India

Financial Inclusion: How Spice Money is creating financial awareness and generating employment in rural India
Founded in 2015 by Dilip Modi, Spice Money, endorsed by actor-philanthropist Sonu Sood, provides financial services in semi-urban and rural India, thereby enabling employment by hiring local representatives.
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Rammohan Pal, a resident of Durg district in Chattisgarh, can recall June 9, 2019, very vividly; it was when his mother, who at the time lived in another rural district in Uttar Pradesh, had fallen gravely ill and needed immediate hospitalisation.
However, the hospital refused to admit her until a Rs 20,000 deposit was put down a common occurrence in villages and small towns. Rammohan, who up until that point had used only physical cash, found himself in a quagmire; travelling to his mother would take at least a day, which due to her rapidly deteriorating health was a huge risk. The local ....

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'Anonymous' fintech startup Millions raises $3 million, gives away cash on Twitter

'Anonymous' fintech startup Millions raises $3 million, gives away cash on Twitter
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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'Anonymous' fintech startup Millions raises $3 million, gives away cash on Twitter – TechCrunch

‘Anonymous’ fintech startup Millions raises $3 million, gives away cash on Twitter
An “anonymously” led startup called Millions has raised a $3 million seed round for its fintech company that’s currently giving away free money through its Twitter account. The concept, inspired by the likes of YouTuber David Dobrik, is partly aimed at attracting attention for the new company but is also setting the stage for a forthcoming business model of sorts, where brands could participate in giveaways more directly.
The idea of brand and cash giveaways is not a new one, of course. Outside of social media personalities and traditional sweepstakes like Publishers Clearing House, the mobile game HQ Trivia more recently had tried to integrate brand giveaways in an attempt to draw players to its live trivia games. But HQ Trivia couldn’t maintain an audience after the novelty wore off and eventually shut down, after also dealing with internal strife and tragedy. ....

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Paytm hives off payment gateway business into separate entity

Paytm hives off payment gateway business into separate entity
January 18, 2021
Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth of equity capital into the new entity, Entrackr reported. Paytm Payments Gateway mainly caters to corporate or institutional clients and provides online gateway services, unlike Paytm’s other arms which are consumer facing.
A senior official at Paytm confirmed the development to MediaNama but declined to comment. MediaNama could not independently verify the development through public documents from the Ministry of Corporate Affairs as access to the website was not available at the time of publication. ....

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