Fintech
Groww Investor Base Doubles and Reached to 11M in One Year
Groww has doubles its active investor base within a single year, reaching nearly 11 million users. This surge highlights Groww’s rising influence in the competitive Indian investment market. Significant Growth Compared to Last Year According to a report by Moneycontrol, Groww’s user base was around 5.65 million during the same period in the previous year. […]
SoftBank Exit from Paytm: Insights and Impact on Fintech
SoftBank strategic exit from Paytm has drawn significant attention in the financial world. This move, marked by a substantial loss, raises questions about the investment strategies and future prospects of one of the largest tech investors globally. SoftBank’s Investment in Paytm SoftBank initial invested in One97 Communications, a Paytm parent company in 2017 around $1.5 […]
Paytm Stake: Mutual Funds Increase as FIIs Reduce Holdings
The financial landscape is witnessing a significant shift as mutual funds continue to increase their stake in Paytm, while foreign institutional investors (FIIs) reduce their holdings. This trend is shaping the ownership dynamics of the fintech giant, One97 Communications Limited, which operates under the brand name Paytm. Mutual Funds Show Growing Confidence in Paytm In […]
NPCI and QNB Launch UPI Payments for Indian Tourists in Qatar
In significant move to enhance cross-border payment systems NPCI has partnered with QNB to launch UPI payments. This collaboration aims to enable Unified Payments Interface (UPI) payments in Qatar, marking a major milestone in the global expansion of UPI. UPI Payments in Qatar The partnership between NIPL and QNB will allow Indian tourists to done […]
CASHe Acquires Centcart Insurance To Enter Insurance Market
CASHe has strategically acquires Hyderabad-based Centcart Insurance Broking Services, marking its entry into the insurance broking space. This acquisition enables CASHe to hold an IRDAI-approved license, opening new avenues for selling a wide range of insurance products from various Indian insurers. With a customer base of 50 million users, CASHe aims to target the underserved […]
Angel One Denies Data Breach of 7.9M Users, Ensured Security
In recent news, Angel One denies for the faced allegations of a data breach affecting 7.9 million users. This incident made its users to think about the security of their privacy at Angle One. This article delves into the details of the alleged breach, Angel One’s response, and the measures taken to protect user data. […]