Payments

Scrappy startups and big banks are still finding their footing in the country’s evolving fintech sector.

Jio Platforms had raised USD 20 billion in funding from 13 global high-profile investors including tech giants like Facebook and Google earlier this year.

A survey of 1,000 merchants by RedSeer found that retailers believe their share of digital payments is going to increase significantly in the next 12 months.

Wallyt offers a suite of mobile payment solutions to overseas financial institutions and merchants.

NPCI kicked off its global expansion last year, starting with UAE and Singapore, where both UPI and RuPay have a presence.

Alibaba founder confirms intent to slash half-ownership ‘over time.’

Yoma Group said it will integrate Alibaba’s credit analysis technology into the Wave Money mobile payment app.

Around 2,600 merchants have signed up with the payment aggregator.