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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Digital payments platform CRED has also rolled out its digital rupee wallet’s beta version for a few users.
MobiKwik on Tuesday became India’s first fintech platform to launch a full-scale central bank digital currency wallet, according to the company’s press release. A CBDC wallet allows users to store the digital version of the Indian rupee, also known as e-rupee or digital rupee, issued by the Reserve Bank of India. Meanwhile, CRED also entered the CBDC space, giving a select set of users access to its digital rupee wallet, Reuters reported.
This marks the entry of Indian fintech firms into CBDC after the RBI extended the permission to non-banking entities to offer digital currency transactions in April …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
