Postman delivers $50m funding round
The funds will drive the API collaboration platform’s product development and customer support.
India
New Indian challenger Payzello launches
The fintech doesn’t have a banking licence – yet.
Amazon Pay launches Android P2P payments in India
Users can pay Amazon delivery associates from their bank accounts via UPI QR codes.
Indian lendtech ZestMoney raises $20m
The firm is already looking to expand in Singapore.
Indian wealthtech Kuvera raises $4.5m
The firm was founded in 2016 as India’s first free-to-use web-based direct mutual fund investment platform.
Merchant platform Pine Labs acquires Qwikcilver for $100m
Actis is increasing its investment in Pine Labs as a result.
Indian payments fintech Cashfree closes $5.5m Series A round
Investment will fund team expansion and distribution of API banking platform.
PayU acquires Wibmo for Indian mobile payments fun
It also has other high growth markets in sight.
Top fintech stories this week – 5 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Three-way merger creates enlarged Bank of Baroda
The three banks are Bank of Baroda, Vijaya Bank, and Dena Bank.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
Indian lendtech Spoon readies for launch
Aiming to offer micro lending through a mobile app, in real time.
StanChart to set up digital SME platform in India
Will offers business loans, invoice/supply chain financing, and commercial insurance.
Video: fintech news weekly round-up – 11 March 2019
Featuring New Zealand, Ant Financial, and Raisin.
State Bank of India selects FSS for one nation of payments
One nation, one card, one deal, one story. Too much? One can’t say.
Swift gives short shrift over RBI penalties to Indian banks
It says the failures lie with automated payment processes at the banks.
State Bank of India and Hitachi launch JV for payments
They plan to “penetrate into hitherto untouched Indian towns and cities”.
DBS Bank steps up interest in India
Singapore entity launches wholly owned subsidiary DBS Bank India Limited.
Temenos snaps up India’s hTrunk for greater big data
Vendor expects to see integrations into T24 Transact and Infinity.
Reliance Realty makes Indian fintech centre a reality
Real estate company plans new hub in Navi Mumbai.
India’s Federal Bank launches open banking platform
APIs include fund transfers, smart collections and UPI payments.
Reserve Bank of India fines three banks for compliance fails
Axis, UCO and Syndicate Bank found to be at fault.
Judgement day arrives for payments in India
Nation gets ombudsman to help with users’ complaints.
State Bank of India’s customers exposed in data leakage
The bank has now secured the unprotected server.
Personal finance app Fintify gets FCA approval
Can now operate as a registered account information service provider.
CreditVidya receives $3m funding to develop credit score tech
It aims to expand throughout various industries in India.
Indian banks unveil blockchain-linked funding for SMEs
The 11 lenders include ICICI, Axis, Yes Bank and Standard Chartered.
BBVA Groww-s investment app via $6m funding round
Bank’s Propel Venture Partners one of the backers for Indian firm.
Orowealth acquires wealthtech app Wealthtrust
Indian direct mutual fund seeks expansion.
Initiatives by India’s government to boost fintech
The fintech space in India has seen an exponential growth over a few years.
Top ten fintech opinion pieces in 2018
Great minds share their views and ideas on all things fintech.
Obopay launches prepaid cards with Mastercard in India
For both consumers and businesses across the nation.
Reserve Bank of India’s governor quits for personal reasons
Tensions with the finance ministry are rumoured to lie behind the departure.
India’s FinXtree fires up for fresh fintech products
Plans to develop digital products for lending and blockchain solutions.
HDFC Bank’s app upgrade goes sour
The app simply didn’t work at launch.
IndusInd Bank buttons up with interactive credit card
Indian bank gets pushy with three payment options on one card.
No fun for Yes Bank over forced CEO exit
Three board members resign in India.
Swift India all MonetaGo for banking on blockchain
Pilot programme kicks off.
Visa making a stand in India with BillDesk investment
As it faces fierce local competition.
ICICI Bank integrates banking and accounting with Open
Targeting India’s micro, small and medium enterprise sector.
