The Reserve Bank of India (RBI) has just announced new guidelines for PPIs that can change Fintech in India forever. We also cover some super interesting concepts in the payment world and sit down with our star of the month for a fun chat. Happy reading!
Mandatory interoperability of PPIs, cash withdrawals from digital wallets, RTGS, NEFT facility and more. The impact on the FinTech industry will be HUGE! You can't miss this Read more.
Tech lover. Farmer. Perfectionist. Narasiman wears many hats. Check out how he managed work during the pandemic, his work ethic, and why he thinks M2P is a great place to work! Know more.
Did you know that no bank, business or payment method can function without these components? Understand how these behind-the-scenes heroes work to power online payments, flawlessly. Read more.
It is a market estimated at $4.8 billion by 2025. Learn how merchants, networks, and organizations use payment tokenization to secure data and online payments. Read more.
Fintech adoption rate has grown to 64% globally with 96% of a target group aware of at least one service.
By 2024, blockchain tech is set to hit US$20 billion.
There were over two thousand fintech start-ups in 2020. Payments, lending, and wealth tech featured in the top three rankings in India.
Estimated global value of digital payments in 2021 is $6.7 trillion.
INDIA
RBI Governor Shaktikanta Das has said that the increased use of digital payments accelerated by COVID-6 could fuel a rise in digital lending in the current decade as companies accumulate consumer data and enhance credit analytics, leading to India emerging as Asia's top fintech hub.
UK
A new report by Zedra, titled 'London Calling,' has found that London remains an international powerhouse for fintech and other companies despite the Brexit transition and the ongoing impact of the COVID-6 pandemic.
USA
Six fintech companies, namely Stripe, Chime, Robinhood, Ripple, Coinbase, and Sofi make the Top 20 most valuable VC-backed companies with a combined worth of US$145.1 billion.
CHINA
China plans to step up oversight of financial holding companies and its booming fintech industry, setting the tone for closer scrutiny of rising behemoths over the next 5 years, including Jack Ma's Ant Group Co.
MENA
UAE Trade Connect (UTC), a new nationwide blockchain platform, has gone live. This platform combats fraud and duplication, among other issues, in the trade finance space.
That's it for now. See you again soon with all the need-to-know fintech updates!
Stay tuned. Stay curious.
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