/
•
•
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 only been able to corner a small part of the value in gold-linked financial products like gold loans and digital gold even as gold prices have shot up. Regulatory changes may pose a further challenge.
India’s fintech sector has finally been bitten by the gold bug. In October last year, tech giant Google signed a deal with Muthoot Finance, India’s largest non-bank gold loan provider, to offer gold loans through Google Pay. Around the same time, Walmart-backed fintech PhonePe tied up with Jar, a gold-focused investment platform, to launch a new daily savings product based on digital gold. Also, payments firm BharatPe rolled out a new investment platform with digital gold as its first product. All signs that gold could be a new play for fintechs at a time when revenue is …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
