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Ex-Paytm execs' digital payments startup Junio aims to make kids financially smart

Ex-Paytm execs digital payments startup Junio aims to make kids financially smart
Shankar Nath and Ankit Gera’s startup Junio is a payments instrument for the under-18 group that draws from the concept of pocket money.
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A two-year sabbatical during which Shankar Nath, former Senior Vice-President of Paytm, was constantly asked, “What next?”, to which he would reply, “I am looking for options”, ultimately led him to start up with another former Paytm senior executive late last year.
Shankar and Ankit Gera, former Assistant Vice-President and head of growth at India’s most valuable unicorn, founded Junio, a payments instrument for children under 18 that works on the principle of pocket money. ....

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Here's how Indians are buying Tesla, Facebook, and Apple shares through brokerage startups

Source: Winvesta, Yahoo Finance. Returns are in USD.
While the decade-long bull run in the US has been a big pull for Indian investors, there are other factors, too, which make such investments attractive. “The declining value of the rupee and rising dollar value have also pushed more Indians to put their money into US markets,” Vinay Bharathwaj, Co-Founder & Co-CEO, Stockal Inc told Business Insider, adding that, “the US market gives stable and even generous returns at lower volatility over the long term.”
How to invest in US stocks
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Indians can start investing in the US stock market by opening an overseas account with an Indian brokerage, open an account with foreign brokerage or invest through Mutual Funds with global equities. ....

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Are WhatsApp and Jio Cooling Off on Payments Partnership?

Nevertheless, Jio s payments bank, which debuted as the telco s answer to Airtel Payments Bank and Paytm Payments Bank, has itself not yet made significant progress in the country s payments market. It was incorporated as a joint venture between Reliance Industries and public sector bank State Bank of India (SBI) in November 2016 and started its operations in April 2018.
According to the data available on the National Payments Corporation of India (NPCI) website, Jio Payments Bank has only take a small share of Unified Payments Interface (UPI) transactions. The payments bank processed over 4.2 lakh transactions that accounted for a total of Rs. 20.35 crores in November, as per the publicly available data. ....

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