TerraPay partners with Bux for mobile money transfers to India


TerraPay, a mobile payments switch, has partnered with Bux, a mobile app money transfer service, to enable instant cross-border money transfers from Australia, Hong Kong, the UK and Europe to India, reports Paybefore (Banking Technology‘s sister publication). Bux customers now are able to transfer money from their mobile phones directly to bank accounts in India. The […]

Bank of Baroda teams with Amazon for SME lending


India’s second largest bank, Bank of Baroda, has got itself an “exclusive” micro lending partnership with Amazon. The bank says through this partnership it is running a process for underwriting Amazon sellers “who would traditionally not be able to procure a line at formal financial institutions”. The deal is part of the bank’s ambitions to […]

Nainital Bank to launch new digital venture, searches for consulting and tech partner

New digital banking venture in India

India-based Nainital Bank is gearing up to launch a new digital venture. It has recently gone to market to find a consulting and implementation partner to help it design, build and launch this venture as well as service it post-launch.

Google gets into digital payments fray in India

Google goes IoT

Google is expected to launch a mobile payments app in India next week. Google Tez, which means “fast” in Hindi is the anticipated name of the payments service, which is “largely fashioned on the company’s global product – Android Pay”.

Nucleus Software signs TAB Capital for flagship lendtech platform, FinnOne Neo Cloud


India-based finance company TAB Capital is implementing a new lending system, FinnOne Neo, supplied by domestic vendor Nucleus Software. The solution will be delivered in the cloud.

Yes Fintech calls on fintech start-ups worldwide to apply for second cohort

Investment funding

Yes Bank, one of the largest banks in India, us calling for start-ups to apply for the second cohort of its Yes Fintech innovation programme.

Infosys CEO quits after personal attacks


Infosys’ MD and CEO has resigned, citing a continuous stream of distractions and disruptions, and personal and negative attacks on his performance. In his notice of resignation, Dr Vishal Sikka, complained of “false, baseless, malicious and increasingly personal attacks” from the company’s founders. Sikka’s exit pushed Infosys shares down around 8% – and follows a […]

Paytm and Amazon in payments projects in India

Happy Independence Day, India!

Paytm, e-payment/e-commerce brand and payments bank, is bringing the QR code scanning habit to the Indian masses, while Amazon Pay has launched a digital wallet.

PayPal launches two innovation labs in India


PayPal has set up two innovation labs in India – based out of the company’s tech centres in Chennai and Bangalore – to help the country’s fintech start-ups grow.

Paytm to add messaging capabilities to rival WhatsApp

Paytm 1

India’s most popular electronic wallet and payments bank Paytm is gearing up to add messaging capabilities to its mobile app. Experts believe this is in response to WhatsApp’s plans to add a payments piece to its platform. With mobile payments growing rapidly in India post demonetisation, Paytm is expected to quickly double its user base […]