india

India (official name: the Republic of India; Hindi: Bhārat Gaṇarājya) is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.

Source: en.wikipedia.org

State Bank of India Launches Web-Based Invoice Financing Solution
State Bank of India Launches Web-Based Invoice Financing Solution
July 01, 2024  |  B2B Payments

The State Bank of India reportedly launched a web-based invoice financing solution for microbusinesses and small- to medium-sized businesses (SMBs). The new MSME Sahaj solution...

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BIS Plans to Expand World’s Instant Payment Systems
BIS Plans to Expand World’s Instant Payment Systems
July 01, 2024  |  Real-Time Payments

The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed...

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Flipkart Launches UPI Payment App Offering Cashback Rewards
Flipkart Launches UPI Payment App Offering Cashback Rewards
June 26, 2024  |  Loyalty & Rewards

Walmart-owned Indian eCommerce firm Flipkart has launched a Unified Payments Interface (UPI) payment app that offers up to 5% cashback on purchases. The new super.money app is...

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JPMorgan Chase Bank India CEO Prabdev Singh Steps Down
JPMorgan Chase Bank India CEO Prabdev Singh Steps Down
June 24, 2024  |  Personnel

J.P. Morgan Chase Bank India CEO Prabdev Singh reportedly stepped down from his position and is leaving the bank about one-and-a-half years into a three-year...

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Report: Pine Labs Considering IPO in India, Seeking $6 Billion Valuation
Report: Pine Labs Considering IPO in India, Seeking $6 Billion Valuation
June 21, 2024  |  IPO

Asian digital payments provider Pine Labs is reportedly considering a $1 billion initial public offering (IPO) in India, seeking a valuation of $6 billion. The company...

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India’s AI Aspirations Draw Multibillion Big Tech Investments
India’s AI Aspirations Draw Multibillion Big Tech Investments
June 17, 2024  |  artificial intelligence

Amazon and Microsoft are reportedly investing billions in India’s artificial intelligence (AI) efforts. As the Financial Times (FT) reported Monday (June 17), India is offering incentives for tech companies to...

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Paytm Reportedly Explores Sale of Ticketing Unit to Zomato
Paytm Reportedly Explores Sale of Ticketing Unit to Zomato
June 16, 2024  |  Acquisitions

India’s Paytm is reportedly in discussions to sell its movie/event ticketing business to Zomato. Talks between the FinTech and the food delivery firm are in...

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Walmart Says PhonePe and Flipkart IPOs Years Away
Walmart Says PhonePe and Flipkart IPOs Years Away
June 09, 2024  |  Walmart

Walmart’s India-based eCommerce marketplace and payments company aren’t quite ready to go public. “This is something we’re looking at over the next couple of years,”...

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Paytm Continues to Lose Digital Payments Ground to Google and Walmart
Paytm Continues to Lose Digital Payments Ground to Google and Walmart
June 06, 2024  |  Digital Payments

India-based Paytm’s share of the country’s Unified Payments Interface (UPI) continues to slip. The FinTech made up 8.1% of total UPI transactions last month, down...

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