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Investment management organization Canada Pension Plan Investment Board (CPP Investments) on Tuesday, committed to investing ₹1820 Crore ($219.1 million) in National Highways Infra Trust (NHIT) units, which is run under National Highways Authority of India (NHAI). CPP Investments said this venture is a component of NHIT’s institutional placement capital raising. As part of the Government […]
National Payments Corporation of India (NPCI), on Thursday, officially authorized Paytm’s Parent One97 Communications Limited (OCL), to participate in the unified payments interface (UPI) as a Third-Party Application Provider (TPAP) within the multi-bank model. Amid the ongoing regulatory issues from the Reserve Bank of India (RBI), One97 Communications is looking to lay off 20% of […]
Indian Prime Minister Narendra Modi shared on social media platform X on Sunday, of India partnering with European Free Trade Association countries through the India-EFTA Trade and Economic Partnership Agreement (TEPA). Established in order to benefit its four member states (Iceland, Liechtenstein, Norway, and Switzerland) and its commercial partners worldwide, the European Free Trade Association […]
Private life insurance company HDFC Life partnered with Gujarat Giants on Thursday, for women’s cricket season, with an aim to encourage women to financially plan for their ambitions while safeguarding the future of their loved ones. Women who are economically empowered have more access to the labor market and can voice their opinions in domestic […]
Financial service provider PayTabs Group said it completed the integration of a national payment method to enhance its payment orchestration platform in the Kingdom of Saudi Arabia at tech event LEAP Expo, on Wednesday. PayTabs said the integration looks to expand its payment processing services to government entities, financial institutions, and fintech companies including transferring […]
The multinational financial institution J.P. Morgan Chase & Co, on Tuesday, became a principal member of France-based payments network Cartes Bancaires (CB) to provide business access to transfer funds via the French payment network by 2024. The investment and commercial bank said it received the license in mid-February to become the US bank to be […]
Advent International said the investment company along with its peer Multiples Private Equity entered into a definitive agreement with Financial services Svatantra Microfin for an investment of $230 million, on Monday. Advent said the deal marks the largest investment by private equity investors in the microfinance sector in India. Ananya Birla-backed Svatantra Microfin completed the […]
Walmart-owned Flipkart partnered with Axis Bank on Sunday, to launch its UPI handle to further enhance its digital payment aid for all customers including over 500 million online shoppers of Flipkart. The company said Flipkart UPI would initially be available to Android users. Customers may now register for UPI with the @fkaxis handle and use […]
Paytm’s parent company One 97 Communications Limited (OCL) board agreed to discontinue various inter-company agreements with Paytm Payments Bank Limited (PPBL) on Friday, as well as introduced additional measures to strengthen its approach towards independent operations of PPBL. In a risky road for Paytm Payments Bank with RBI restricting the bank on a regulatory basis […]
Electric car brand Polestar Automotive Holding UK, on Wednesday, said it secured $950 million through external bank funding in the form of a three-year loan facility to strengthen its business plan as well as achieve its 2025 targets. The financing is being provided by 12 international banks which include BNP Paribas, Natixis, Standard Chartered, BBVA, […]
Harley-Davidson Financial Services (HDFS) launched the Harley-Davidson Flex Financing program, an alternative way of purchasing H-D motorcycles, on Tuesday. Harley-Davidson said the loan option provides an alternative way to purchase an H-D motorcycle, along with monthly payments, shorter terms, and flexibility, with the ability to return the motorcycle at the end of the term, which […]
Finance solution provider PayTabs Egypt partnered with industry peer Souhoola on Monday, to offer buy now pay later (BNPL) payment method for PayTabs Egypt merchants by increasing the range of payment options offered online. The payment processing company said it is integrating Souhoola’s BNPL solution into the multiple payment solutions available for customers on e-commerce […]
