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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Fintech startups have bent the rules and found loopholes to enable UPI loans or credit lines. NPCI has come down hard on them.
The Unified Payments Interface, or UPI, run by the National Payments Corporation of India, is widely hailed as one of the biggest innovations in public financial infrastructure in the world. For good reason—NPCI’s instant bank-to-bank transfer system is the most popular payment method in the country, with more than 3.2 billion transactions in the month of July this year.
One of the promises of “UPI 2.0”, launched with much fanfare three years ago in August 2018, was a way to add credit as a capability on UPI. Lending lies at the core of most fintech business models and UPI was …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The most valuable Mideast fintech is expanding beyond buy-now, pay-later into financial services across Saudi Arabia and the UAE.
