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California-based Nium received principal approval from the regulatory body Reserve Bank of India (RBI) for two payment licenses on Monday, to offer and improve a variety of financial products in the country, from prepaid cards to merchant payment-acquiring. The finance firm said it secured Prepaid Payment Instrument (PPI) and Payment Aggregator (PA) licenses from RBI […]
Fintech firm PayTabs Group collaborated with financial service provider Nearpay on Sunday, to integrate Nearpay’s innovative ‘Tap to Phone’ technology into the PayTabs Touch app. Saudi Arabia-based firm said this collaboration aims to improve user experience of PayTabs Touch, PayTabs’ proprietary SoftPOS application across the region, including integration with the MEPS FAST application in Jordan. […]
UPI Payments firm Paytm Chief Executive Vijay Sharma took to X, formerly known as Twitter, guaranteeing its users that the app will continue to work as usual beyond February 29, on Friday. Earlier this week, the Reserve Bank of India, under section 35A of the Banking Regulation Act, 1949, released an official notice stating Paytm […]
International payments company PayPal’s Alex Chriss, chief executive of the company said to reduce the workforce by about 9% in a letter to the employees, which was then posted on the company’s website, on Wednesday. Amid the elongated pressures on managing costs, most companies have opted to take the measure of multiple rounds of layoffs, […]
Financial service provider Northern Arc Capital partnered with banking institution Karnataka Bank (KBL) on Wednesday, to offer customer-centric financial solutions to retail borrowers. The non-banking financial firm said to provide its technology platform nPOS to Karnataka Bank for co-origination, co-lending and pool buy-out. Co-origination involves collaborative lending between a bank or financial institution and a […]
Technology advisor firm EPlus acquired certain assets of technology solutions and service provider Peak Resources on Monday, to help drive additional growth with enhanced engineering, sales, and service delivery capabilities in the Mountain West region. The acquisition of certain assets and liabilities of PEAK Resources closed on January 26, the firm said. “Our decades of […]
Air Carbon Exchange (ACX) Group successfully connected AirCarbon’s Singapore-based trading platform, with the environmental instruments exchange operated by ACX Clearing Corporation in the Abu Dhabi Global Market, on Tuesday. The firm said this enhancement represents an important step in ACX Group’s strategy of connecting key global environmental instrument markets, as one consolidated liquidity pool operated […]
Max Life Insurance Company said it launched the Smart Wealth Annuity Guaranteed Pension Plan, shortly SWAG Pension Plan, which is aimed to cater to the customized needs of the customers, also with the option of increasing annuity up to 6% per annum to weather the rising inflation. This the company defines to be a non-linked, […]
Venture capital firm SoftBank Ventures Asia said it will officially change its brand name to SBVA, on Sunday, effective on February 1. This initiative was enforced after Singapore-based The Edgeof acquired SoftBank Ventures Asia from its parent firm SoftBank Group Corp (SBG) in April 2023. The firm said the rebranding aims to encompass technological singularities […]
Perseus Mining Limited intends to make an off-market takeover offer for all of the issued shares in OreCorp Limited that it does not already own for cash consideration of 55 cents per OreCorp Share, on Sunday. According to this offer, OreCorp’s shareholders are valued at a 4% premium to the initially proposed value of a […]
Financial service provider NPCI International Payments Ltd (NIPL) signed a memorandum of understanding (MoU) with Indian-grown Google Pay on Wednesday, to expand the impact of unified payments interface (UPI) worldwide and to reduce the dependency on conventional money transfer channels by simplifying remittances. The firm said through this collaboration, it aims to broaden the use […]
Thornburg Investment Management which oversees $43 billion in assets said to have launched Thornburg Core Plus Bond Fund to a strong line-up of proven global taxable fixed-income solutions, on Wednesday. The investment firm said the fund seeks to maximize total return, consistent with the long-term preservation of capital. Jeff Klingelhofer, Co-Head of Investments at Thornburg […]
