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Detailed stories on technology startups, business and economic current affairs.
There’s always a flavour of the season in Indian fintech: sometimes payments, sometimes lending, sometimes wealth-tech, sometimes neobanking. One buzzword that has of late come back into fashion is digital gold.
Digital gold as a concept and offering has been around for a few years now, with payments major Paytm letting users buy digital gold since 2017. Rival digital payments apps such as PhonePe and Google Pay, as well as Mobikwik, followed suit in 2018 and 2019. More recently, though, a range of fintech apps have cottoned on to the idea.
Investment apps Upstox and Groww have launched digital gold …
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
While nowhere close to the KOSPI rout, India’s significant leveraged stock bubble poses some real risks to investors.