https://thenfapost.com News, Facts and Analysis on Startup, Technology & Business Mon, 11 Sep 2023 23:08:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 The NFA Post News, Facts and Analysis on Startup, Technology & Business clean https://thenfapost.com/2023/09/12/rbi-banks-plan-new-feature-to-popularise-digital-currency-transactions/ Mon, 11 Sep 2023 23:08:52 +0000 https://thenfapost.com/?p=300940 Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI’s one million-a-day target by 2023 end Mumbai, NFAPost: The Reserve Bank of India (RBI) is working with lenders to introduce new features to popularise the central bank digital currency (CBDC), the so-called e-rupee, according to six people familiar with the […]]]> https://thenfapost.com/2023/05/01/upi-transactions-touch-record-high-of-rs-14-07-trillion-in-april/ Mon, 01 May 2023 14:59:19 +0000 https://thenfapost.com/?p=261065 Some 1 billion transactions worth around Rs 1.37 trillion happened during the last three days of April Chennai, NFAPost: Unified Payment Interface (UPI) transactions scaled a record high in April, clocking Rs 14.07 trillion in terms of value and 8.9 billion in volume. This is a marginal rise of 0.14% and 2% respectively, compared to […]]]> https://thenfapost.com/2021/08/02/pm-launches-digital-payment-solution-e-rupi/ Mon, 02 Aug 2021 12:33:32 +0000 https://www.thenfapost.com/?p=103804 New Delhi, NFAPost: Prime Minister Narendra Modi launched a person and purpose-specific digital payment solution e-RUPI. Apart from being a cashless and contactless instrument for digital payment, e-RUPI is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries. The users of this seamless one-time payment mechanism will be […]]]> https://thenfapost.com/2021/07/27/rbi-going-ahead-with-plan-to-launch-digital-currency-cbdc/ Tue, 27 Jul 2021 00:41:25 +0000 https://www.thenfapost.com/?p=101966 Mumbai, NFAPost: As digital currency gaining currency across the globe, the Reserve Bank of India recently said that it has been working towards a phased implementation strategy of central bank digital currency (CBDC). It is interesting to note that RBI decision comes at a time when digital payment has brought a sea change in transaction […]]]> https://thenfapost.com/2021/05/10/iit-madras-to-provide-technical-expertise-to-boost-digital-money-transactions-in-india/ Mon, 10 May 2021 08:39:34 +0000 https://thenfapost.com/?p=79212 Indian Institute of Technology Madras researchers will collaborate with members of the Mobile Payment Forum of India (MPFI) to develop voice-based solutions, especially in multiple vernacular languages for digital money transactions in the country. This will provide a phenomenal platform not only for the increased adoption of digital payments in India but for research opportunities as well, […]]]> https://thenfapost.com/2021/04/21/airtel-to-refocus-strongly-on-digitising-assets-with-airtel-digital-ltd/ Wed, 21 Apr 2021 00:36:25 +0000 https://www.thenfapost.com/?p=73508 Countries leading telco Bharti Airtel announced a new corporate structure under which group firm Airtel Digital Ltd will merge into the listed entity Bharti Airtel. Under the new structure, Bharti Airtel, housing the digital assets, becomes the holding company of separate units – telecom business under Airtel, Airtel Payments Bank, international businesses including Airtel Africa and infrastructure business under […]]]> https://thenfapost.com/2020/10/12/razorpay-achieves-unicorn-status-after-new-100-million-funding-round/ Mon, 12 Oct 2020 00:21:17 +0000 https://thenfapost.com/?p=17705 Bengaluru, NFAPost: Leading fintech startup Razorpay which registered accelerated growth joined the most coveted unicorn club after raising $100 million in a new financing round. Rasorpay’s latest funding round of Series D is co-led by Singapore’s sovereign wealth fund GIC  and Sequoia India. According to Arvian Consulting, the Series D funding values the startup at “a little […]]]> https://thenfapost.com/2020/09/05/paytms-succeeds-to-bring-down-fy20-losses-to-rs-2597-crore/ Sat, 05 Sep 2020 02:55:20 +0000 https://thenfapost.com/?p=12303 Bengaluru, NFAPost: Amid Covid-19 pandemic influenced spike in business, Paytm has succeeded in bringing down its losses narrowed 37% to Rs 2,597 crore in the fiscal year ended March 31. But at the same time revenue increased marginally amid India’s leading fintech player enters various new businesses including lending, insurance and stockbroking. The total revenue […]]]> https://thenfapost.com/2020/07/17/fampay-brings-convenience-to-money-transaction-by-launching-numberless-card/ Fri, 17 Jul 2020 01:28:56 +0000 https://thenfapost.com/?p=6123 FamCard is just like a debit card for teenagers  FamPay pioneers the numberless card supply chain with NPCI’s association  With Numberless Card and features like Flash Pin, FamPay offers exceptional security FamPay is backed by Sequoia India, Y Combinator, Venture Highway, Global Founders Capital, & angel investors Bengaluru, NFAPost: FamPay, India’s first Neobank for teenagers […]]]>