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Five Reasons Why PayTM Is Miles Ahead Of Its Rivals

By Ketharaman Swaminathan for Finextra

With over 100 million users a year ago, PayTM was already ahead of its digital payment competitors before the Nov. 2016 demonetization of high value currency notes in India. (more…)

Analytics, Cashless, eWallets, India

January 21, 2017

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Relationship of Indian Banks and FinTech Startups Strengthening in 2017

By LTP

The digital revolution currently underway in financial services –colloquially called FinTech – has raised some questions on the nimbleness and relevance of the banking fraternity in India. There have been apprehensions about banks being able to create faster, cheaper and better services to become an omnipresent part of their customer’s daily lives. (more…)

About, Banks, Fintech news, India

January 18, 2017

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Malaysian Firm Belfrics Launches Bitcoin Exchange in India

By CryptoCoins News

Belfrics, which refers to itself as a Malaysian ‘blockchain technology’ firm, has announced the launch of its bitcoin exchange operations in India.

(more…)

Blockchain, Cryptocurrencies, Fintech news, India, Malaysia

January 17, 2017

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YES Bank introduces chat bot for instant loan offering

By Finextra

India’s YES Bank has partnered with Silicon valley-based Gupshup to develop a banking chat bot for its loan product. (more…)

Banks, Bots, Fintech news, India, Mobile payments/banking

January 13, 2017

PhonePe digital wallet has big goals beyond parent Flipkart

By  for TechInAsia

Mobile payments startup PhonePe, which Flipkart bought last year, has set its sights high this year.

In the process of launching the country’s first Unified Payments Interface-supported wallet for iOS, the startup is already aiming for a 100 million downloads by the end of 2017. (more…)

eWallets, Fintech news, India, Mobile payments/banking

January 11, 2017

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FinTech Story: Hits and Misses From 2013 to 2016 and the Way Forward

By Amit for LTP

We have watched 35+ FinTech segments through the ups and downs every single day in the last 3.5 years at LTP. We developed a lot of listening tools and an army of analysts to catch everything in FinTech like a radar. Somebody told us that we have one of the biggest team of FinTech market analysts and that could very well be true. In 2016, we developed MEDICI from the data that we collect, and that contains 6000+ FinTech startup profiles and research across segments. It’s my pleasure to share what we learned about FinTech shift by analyzing some of the data and also talking to hundreds of entrepreneurs and FIs in-person in the last couple of years.  (more…)

China, Cryptocurrencies, India, Mobile payments/banking, RegTech, Security

January 10, 2017

CashlessIndia – Why Putting Cart Before Horse Will Work

By Ketharaman Swaminathan for Finextra

On the back of the demonetization of high value currency notes in India, the government has been aggressively pushing cashless payments. Trending on Twitter under the hashtag #CashlessIndia, the initiative has attracted criticism from the blogosphere and mainstream media on the grounds that India is not yet ready for digital payments. (more…)

Analytics, Cashless, Government activities, India

January 9, 2017

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai April 17, 2012. The Reserve Bank of India cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. REUTERS/Vivek Prakash (INDIA - Tags: BUSINESS)

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Indian Central Bank’s Research Arm Explores Blockchain Applications

By Lester Coleman for CryptocoinsNews

Financial institutions worldwide are exploring the benefits promised by blockchain technology. The research is moving beyond the hypothetical stage to proof of concept and planning. (more…)

Blockchain, Fintech news, Government activities, India

January 8, 2017

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India: Fintech is no more the new kid on the block

By Vivina Vishwanathan for Deal Street Asia

Year 2016 was not as glamourous as 2015 was for fintech in terms of interest from investors. According to start-up data analytics provider Tracxn, investments in 2016 were $484.79 million, compared with $1.18 billion in 2015. One of the reasons is that the 2015 numbers include money raised by Paytm in 2015. (more…)

Analytics, Cryptocurrencies, Deals, eWallets, India, Payment processors/providers/gateways

December 28, 2016

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Goldman, KKR Among Heavyweights Drawn to India’s Growth in Nonbank Lending

By Shefali Anand for The Wall Street Journal

India is seeing a surge in lending from financiers outside the banking system, a development that has attracted the attention of global players including KKR & Co. and Goldman Sachs Group Inc. (more…)

Banks, Deals, Fintech news, India, p2p/online lending

December 27, 2016

Here’s what Southeast Asia can learn from India’s tryst with cashlessness

By Adhil Shetty for e27

When we talk about the future of money, we invariably come to discuss the merits and demerits of going cashless. It’s perhaps a science-fiction-like scenario wherein all your transacting needs are taken care of by a few taps on your smartphone. (more…)

Cashless, Global trends, India, InspirAsia, Marketing Report, Mobile payments/banking

December 27, 2016

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CashLess OR LessCash

By Vinod Sharma for Finextra

Abstract – Journey from cash only transactions to less cash and thereafter if possible moving to cashless or digital money society. This journey looks very simple in textbooks or written on blogs or papers but ground reality can be very different. (more…)

Cashless, Global trends, India, Payment processors/providers/gateways

December 20, 2016

Unsung hero: the bootstrapped startup that forearmed its users against a cash famine

By  for TechInAsia

Some 200 households in the residential societies along the Baner-Pashan link road in Pune, near Mumbai, have been spared the pain of the sudden cash famine in India. (more…)

About, Fintech news, India, p2p/online lending, SME

December 20, 2016

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Does PayTM’s logo look similar to PayPal? PayPal thinks YES!

By Rahul Dev for e27

Is this a strategy by PayPal to hamper PayTM’s efforts to cash in on demonetisation in India? (more…)

eWallets, Fintech news, India

December 20, 2016

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6 fintech startups from Asia that excited us in 2016

By  for TechInAsia

Fintech is going strong in Asia as the year draws to a close. According to the Pulse of Fintech Q3 2016 report by global audit and advisory firm KPMG, venture capital funding in Asian financial technology companies increased, reaching US$1.2 billion – outpacing even the US, where VC investment totaled US$0.9 billion. (more…)

About, AI / Machine Learning / Big Data, China, eWallets, Fintech news, India, Japan, p2p/online lending, Payment processors/providers/gateways, Philippines, POS/mPOS and online acquiring, Remittances, Singapore

December 17, 2016

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PayU India to launch new businesses in bid to become payments hub

Payments processing firm PayU India plans to launch two new businesses—consumer credit and digital banking—and accelerate merchant acquisition as it aims to diversify and become an all-round payments hub, chief executive B. Amrish Rau said. The company plans to process $10 billion in transactions in the year ending March 2018, up from an estimated $5.5 billion this financial year. (more…)

Deals, eWallets, Fintech news, India, p2p/online lending, Payment processors/providers/gateways

December 13, 2016

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10 FinTech Predictions for Asia in 2017

By Henri Arslanian for LTP

In 2016, FinTech went mainstream. So what can we expect for 2017?

Here are some predictions for FinTech in Asia for 2017: (more…)

AI / Machine Learning / Big Data, Bots, China, Deals, Fintech news, Global trends, India, InspirAsia, RegTech

December 13, 2016

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Here’s how fintech will impact emerging markets in 2017

By  for VentureBeat

Mobile payments, digital wallets, and other forms of financial technology (fintech) have seen widespread adoption in the West, but fintech has a whole new meaning for the developing world. (more…)

Analytics, China, Fintech news, Global trends, India, RegTech

December 13, 2016

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Light at the end of the tunnel: here’s the multiplier effect of going cashless

By  for TechInAsia

Long before demonetization and a scramble to find alternatives to cash, India had laid out a unique tech infrastructure for a digital economy. Its cornerstones were a unique biometrics-based Aadhaar ID for every citizen to enable authentication, and a unified payments interface (UPI) to simplify money transfer. (more…)

Banks, Cashless, Fintech news, India, Mobile payments/banking

December 10, 2016

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Global Accelerator Startupbootcamp FinTech Lands in Mumbai, Bangalore and New Delhi to Scout FinTech Talent

By LTP

Startupbootcamp Singapore’s FastTrack program provides innovative early stage FinTech startups the opportunity to pitch and gain exposure to industry leaders throughout the India. (more…)

Fintech news, India, InspirAsia, Singapore

December 8, 2016

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You no longer need internet data to use Paytm services

By  for GadgetsNow

You no longer need a smartphone or internet data to pay through e-wallet app Paytm. The company has just announced that it has expanded its reach to non-internet users, who use feature phones. (more…)

Banks, eWallets, Fintech news, India

December 7, 2016

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Cashless India: Seeing the Vision for Financial Inclusion Come True – Part 2

By Dipali Ekbote for LTP

India’s financial ecosystem is undergoing disruptive changes as it extends channels for customer reach. Let us take a look at what are these changes and how they can help achieve India’s financial inclusion goals.

(more…)

eWallets, Fintech news, Global trends, India, Marketing Report

December 6, 2016

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Paytm founder prepares for his next pivot, which could be the biggest yet

By  for TechInAsia

“The last five years were an opportunity for those who were capturing Indian consumers, because people got internet connections with smartphones,” Paytm’s founder and CEO Vijay Shekhar Sharma tells me, his easy chuckles complementing the sunny poolside of a Delhi hotel. “The next five years are an opportunity for companies capturing Indian small and medium businesses (SMEs) as they begin to understand how important smartphones are to their businesses.” (more…)

About, eWallets, Fintech news, India, Interviews, Mobile payments/banking

December 6, 2016

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American Express backs India’s fintech sector, invests in IndiaLends

By  for TechInAsia

American Express’ investment arm has led a US$4 million series A funding in fintech startup IndiaLends, it announced today. (more…)

Deals, Fintech news, Global trends, India, p2p/online lending

December 1, 2016

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These fintech startups step out of incubator with series A funding of $3m each

By  for TechInAsia

“I can’t build a steel factory overnight. But with startups, what is wonderful is that the initial money invested is small, but you can still develop very big ideas.” (more…)

Deals, Fintech news, India

November 30, 2016

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India FinTech Awards: The Winners

India is at the beginning of a FinTech revolution with significant rewiring of financial services happening with Aadhar,mobile, UPI among others.The India FinTech Awards (IFTA) 2016 platform, organized by the India Fintech Forum, provided a great opportunity for FinTech firms to showcase their products to a curated audience comprising of investors, bankers, entrepreneurs, media and corporate leaders. (more…)

Fintech news, India

November 30, 2016

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Here’s a tech solution to the killer queues at banks and ATMs in cash-starved India

By

My colleague in Bangalore, Neha, stood for hours at ATMs twice – and failed on both occasions to withdraw cash. Another colleague, Abhilash, was third in the queue after a four-hour wait when the ATM ran out of cash. (more…)

Cashless, Fintech news, India

November 28, 2016

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India gets a new bitcoin mobile app

By  for TechInAsia

India is still reeling under a cash crunch triggered by the government’s sudden demonetization move announced on November 8. Overnight, high-denomination currency – 500-rupee notes and 1000-rupee notes – became illegal and those had to be physically exchanged at banks. (more…)

Cryptocurrencies, eWallets, Fintech news, India, Mobile payments/banking

November 28, 2016

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Airtel Bank opens its doors as India grapples with demonetization crisis

By  for TechInAsia

You know what they say about demonetization in India, right? It marches on. (more…)

Banks, Cashless, Fintech news, India, Mobile payments/banking

November 23, 2016

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Mastercard, Visa poised to reap spoils of India’s war on cash

By PaymentsSource

The world’s largest payment networks will see a surge in transactions and cardholders after the Indian government’s decision this month to remove high-denomination bills from circulation, according to analysts who cover the companies. The two networks have been pushing for this kind of change in India, where a McKinsey & Co. study found that more than 90 percent of transactions are still conducted in cash. (more…)

Cashless, Fintech news, Global trends, India

November 23, 2016