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Tier 2, 3 cities becoming centre of economic activities, states should start planning from now: PM Modi

Tier 2, 3 cities becoming centre of economic activities, states should start planning from now: PM Modi

by AIP Online Bureau | Sep 20, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology

Prime Minister Narendra Modi “The states should start planning of tier 2 and tier 3 cities from now. Tier 2 and Tier 3 cities are now becoming the centre of economic activities. Our startups are taking place in those cities. We should focus on developing...

FinMin asks banks to explore fintech partnership, co-lending opportunities

by AIP Online Bureau | Jun 26, 2022 | Banking & Bancassurance, Indian News, Risk Management, Technology

The ministry also urged the heads of the public sector lenders to strengthen IT security systems and cybersecurity to check fraud New Delhi: The Finance Ministry has asked public sector banks to explore fintech partnerships and co-lending opportunities to expand their...

Indian fintech market expected to reach USD 150 bn in valuation by 2025: MoS Finance

by AIP Online Bureau | Jun 8, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Technology

More than 50 lakh banking correspondents across the country are carrying out ”cash in cash out” kind of transactions using the system, UIDAI CEO Saurabh Garg said ”There is a need for a proper cyber security system, real time disputes to be solved...
Discord between value, valuation expectation in fintech, digitech space: Kamath

Discord between value, valuation expectation in fintech, digitech space: Kamath

by AIP Online Bureau | Apr 21, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

“It is a challenge between the value which has been created in each of these enterprises and then there is a valuation expectation. I think there is a discord between the value and the valuation,” Kamath, who is the chairman of National Bank for Financing...

Indian fintech payment firms have no data advantage over banks: Moody’s

by AIP Online Bureau | Mar 18, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology, Trends, Facts

According to Moody’s Investors Service, the introduction of the Unified Payment Interface (UPI) in 2017, which allows funds to be transferred instantaneously, has been a key catalyst to the development of digital payments due to the ease of use of apps running...
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