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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 […]
Financial service provider Capital One Financial Corp acquired peer Discover Financial Services in an all-stock deal valued at $35.3 billion, on Monday. Under the terms of the agreement, Discover shareholders will receive 1.0192 Capital One shares, said the firm, with a premium of 26.6% based on Discover’s closing price of $110.4 on February 16. Additionally, […]
Payments and financial services company One 97 Communications (OCL) Paytm, on Saturday, assured its customers online of proving zero disruptions in merchants’ settlements and minimal through a new partnership with Axis Bank. The company said this partnership with Axis Bank is expected to replace the nodal account, which company previously used with Paytm Payments Bank. […]
Derivatives and securities exchange network Cboe Global Markets said subsidiary Cboe Australia listed new Exchange Traded Funds (ETFs) from iShares by BlackRock, a global asset management company on Thursday. This led the company to become the first global asset manager to list its iShares ETFs on each of Cboe’s listings exchanges in United States, Canada, […]
India’s digital payment system Unified Payment Interface (UPI) is expanding its services to Sri Lanka and Mauritius as well as launching the indigenous payment card RuPay in Mauritius, on February 12 at 1300 hours (IST) via video conferencing, stated External Affairs Ministry on Sunday. The launch aims to benefit a wide cross-section of people through […]
Investment bank Jefferies Financial Group, on Monday, confirmed to facilitate the sale by broadband provider OpNet, its operation to Wind Tre, a subsidiary of CK Hutchison Group Telecom Holdings Ltd (CKHGT) in a cash deal for €485 million ($520 million). The firm said under the terms of this sale agreement, the deal will include OpNet’s […]
Indian fintech start-up Slice is extending its account service by launching ‘Slice Account’, a unified payment interface (UPI) account on Monday, after three months of beta testing period in order to reach wider consumers interested in the use of UPIs. The payment process through UPI has been broadly used at almost every corner of the […]
