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CryptoCurrency

$300 Million Crypto Scam: Indian Authorities Arrest 8 Cops

  • The scam targeted around 5,000 government officials and about 1,000 police personnel.
  • The Indian police made 18 arrests related to the fraud.
by Arnab Shome
FinTech

Paytm Unleashes "Card Soundbox": Targets Merchants Accepting Visa and MasterCard

  • The device lets merchants accept card payments, including Visa and MasterCard.
  • Merchants can accept payments of up to USD $60 with the tap-and-pay offering.
by Jared Kirui
CryptoCurrency

Indian Crypto Tax Rules Cited as One of Three Reasons for CoinDCX’s Job Cut of 12%

  • The other two are difficult macro conditions and low crypto asset prices.
  • The number of digital asset exchanges slashing employment is on the rise.
by Damian Chmiel
FinTech

Chat & Pay: India Signals ‘Conversational Payments' in Policy Update

  • RBI believes the payment method can increase digital penetration in the country.
  • The apex monetary authority suggested introducing offline contactless payment.
by Solomon Oladipupo
Payments

Paytm Wallet: Can it Function as an All-in-One Financial Companion?

  • How Paytm's suite of services resonates with consumers.
by FM Contributors
Payments

Paytm Postpaid: The Future of Buy Now, Pay Later

  • BNPL is quickly becoming essential in the world of e-commerce.
by FM Contributors
Payments

Paytm Payments Bank: Redefining Banking for the Digital Age

  • From digital payments to super app.
by FM Contributors
Payments

From Mobile Recharge to Lifestyle App: The Evolution of Paytm

  • Paytm: a super app in the making?
by FM Contributors
CryptoCurrency

G20 ‘Welcomes’ Financial Stability Board’s Call for Tougher Crypto Rules

  • Earlier, the Bank for International Settlement urged G20 to dismiss crypto.
  • Stakeholders are taking varying approaches to digital asset regulation across the globe.
by Solomon Oladipupo
CryptoCurrency

Gemini Expands APAC Operations with New Hires and Engineering Hub

  • The exchange is seeking to establish itself outside the United States.
  • Gemini also stated it is building its second-largest engineering hub in India.
by Jared Kirui
Exchanges

Calls for Restoring UPI Access for Crypto Exchanges Reach Indian Authorities

  • Two proposals to reinstate UPI access for crypto exchanges have reached Indian authorities.
  • A third proposal is expected to follow.
by FM Contributors
Executives

JP Morgan Reshuffles Senior Roles, Appoints APAC Head of Payment

  • Madhav Kalyan is the new Head of Payment for APAC.
  • PD Singh has been appointed as the interim CEO of JP Morgan Chase Bank in India.
by Solomon Oladipupo
Regulation

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries

  • The US SEC fingered Oracle's subsidiaries in Turkey, UAE and India in its investigation.
  • The regulator penalized Oracle $2 million in 2012 for the same offence.
by Solomon Oladipupo
Regulation

Leading FX Brokers Flagged by Indian Central Bank

  • The regulator named 34 unauthorized entities on the list.
  • Deposits made to those platforms violate local forex law.
by Arnab Shome
News

Indian Agency Raids Crypto Exchange CoinSwitch Kuber for FX Law Violations

  • The exchange is suspected to have violated local FEM.
  • The agency also froze assets of other crypto platforms earlier.
by Arnab Shome
Analysis
Analysis
Payments
Analysis
Analysis

UPI in India: Is It Better than Other Mobile Payments?

  • It processed $133 billion in transactions in May 2022.
  • The network is also expanding internationally.
by Arnab Shome
CryptoCurrency

Crypto Exchanges in India Explore P2P Payments to Bypass UPI

  • A crypto exchange official said that 'there is no violation of any regulation or law'.
  • Bank transfers in exchange for crediting clients' wallets is also being considered.
by Matti Williamson
CryptoCurrency

CoinSwitch and WazirX Disable Cryptocurrency Deposits via Rupee Using UPI

  • Bank transfers through NEFT/RTGS/IMPS were disabled on CoinSwitch.
  • An Indian Parliament member insists that the crypto tax should be raised to 50%.
by Matti Williamson
CryptoCurrency

Coinbase Halts UPI Deposits in India Following the NPCI Statement

  • 'Currently unavailable' error is displayed when users in India are attempting to deposit.
  • Local reports are suggesting India may not announce crypto regulations anytime soon.
by Matti Williamson
CryptoCurrency

Mixed Reactions Trail India’s Passage of 30% Crypto Tax Law

  • Finance Minister says the government is taxing crypto because people are profiting from it.
  • The crypto taxes will come into effect on April 1 while the TDS will start on July 1.
by Solomon Oladipupo
News

India’s Niyo Raises $100 Million in Series C Funding Round

  • Niyo is a neo-banking platform based in India.
  • The investment round was led by Accel & Lightrock India.
by Bilal Jafar
Regulation

Indian Ads Regulator Brings Strict Guidelines for Crypto Promotions

  • Ads cannot compare cryptos and other regulated assets.
  • References of returns within the past 12 months cannot be made.
by Arnab Shome
CryptoCurrency

RBI Governor Shaktikanta Das Warns Crypto Is ‘Not Even a Tulip'

  • Shaktikanta Das has warned locals against investing in crypto
  • The Governor of India’s Central Bank said that cryptos have no underlying value
by Nicholas Otieno
FinTech

Revolut Acquires India’s Arvog Forex as Expansion Plans Accelerate

  • The acquisition provides a quick way for Revolut to expand its services in India
  • The fintech has already pumped over $45 million into the Indian market
by Nicholas Otieno
Regulation

The Indian Central Bank Warns against Unregulated FX Trading Platforms

  • Offshore forex platforms are targeting Indians with aggressive ad campaigns.
  • The regulator is trying to curb the deposits to these unregulated platforms.
by Arnab Shome
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