Author: Chief Editor

Strap: Internet Giant Google is planning to push into Japan’s financial services market. Copy: Search engine giant, Google is planning an entry into Japan’s financial services market. Nikkei reported that Google is in talks to acquire Tokyo-based cashless payment provider Pring. The deal will allow google to roll out financial services of its own instead of being dependent on partner banks and other credit card companies. Currently, Mizuho Bank owns Pring along with a number of investors and Google is reportedly set to acquire it between $180mn and $270m for all of the company’s shares. Japan’s cashless payment is relatively…

Strap: The company will launch funds and schemes only comprising of companies passing SAMCO’s proprietary HexaShield stress test framework. Copy: Samco Mutual Fund has introduced stress tested investing which is a strategy to put to work money with businesses that can endure and survive a variety of stressful situations and generate long term risk adjusted returns. Each business is put through a series of six rigorous tests defined by SAMCO’s proprietary HexaShield framework and only businesses that pass the HexaShield test shall form a part of the investable universe, it said in a statement. The premise of stress tested investing…

Strap: The co-branded card will provide rewarding fuel savings and benefits to the customers. Copy: Bharat Petroleum Corporation Limited and SBI Card have together launched a BPCL SBI Credit Card on RuPay platform. The card aims to accelerate savings on certain categories of spends like fuel, groceries, departmental stores, dining and movies. The card company said users of BPCL SBI Card RuPay will get 13X reward points on every Rs. 100 spent on fuel purchases at BPCL petrol pumps and1% fuel surcharge waiver on every transaction upto Rs. 4,000, translating to 4.25 percent value back. Customers using this card will…

Strap: Private lender, ICICI Bank has launched ICICI Stack for its corporate customers to offer ecosystem banking which provides 360* digital banking solutions to corporates, their channel partners, employees and other stakeholders. Copy: ICICI Bank has launched ICICI Stack for its corporate customers which provides a comprehensive set of digital banking solutions for corporates and their entire ecosystem including promoters, group companies, employees, dealers, vendors and all other stakeholders. The wide range of 360-degree solutions enables corporates to seamlessly meet all banking requirements of their ecosystem in an expeditious and frictionless manner.The bank is looking to be the preferred banking…

Strap: Global bank, HSBC has joined UAE KYC Blockchain platform for KYC data sharing in coalition with three other banks in the UAE Copy: HSBC Bank has signed up as the fourth founding bank as a member of the blockchain based KYC data sharing coalition in the UAE. The platform is a national ecosystem for the exchange of verified know you customer data between licensing authorities and financial institutions. The platforms is designed to help support licensed businesses and corporates open digital bank accounts instantly as part of the Invest in Dubai initiative. The blockchain platform has been developed by…

Strap: India’s largest private lender, HDFC Bank has created digital and enterprise factories to enhance digital banking experience to customers. Copy: Country’s largest private sector bank, HDFC Bank will be creating digital and enterprise factories to enhance digital banking experience for its customers. This will enable them to roll out new digital products and services in the future and augment its IT infrastructure and will be pivoted on APIs, data and cloud. The dual approach is a part of the bank’s technology transformation agenda to run and transform the bank. It also proposes to strengthen capabilities for the Digital and…

Strap: The metal card provides a seamless digital experience. Copy: South-based private bank, Federal Bank has tied-up with OneCard to offer mobile-first credit card. The bank is betting on retail portfolio and aims to cash in on consumer credit which is likely to peak this festive season on the back of economic revival. The bank will target the young professionals between 23-35 years primarily representing the millennials and Gen Z. The bank said with its ‘Digital at the Fore and Human at the Core’ looks to become the most admired bank of every stakeholder. The co-branded card is powered by…

Strap: DBS Bank India has become the first bank in India to launch SWIFT gpi incoming notification with real-time incoming payments visibility and management. Copy: DBS Bank India has launched real-time online tracking for cross-border collections for businesses in India in partnership with SWIFT Global Payments Innovation (gpi). DBS India is the first bank in India and Asia Pacific to offer this service to clients, which is expected to benefit close to 4000 corporate and SME clients in India. The new DBS SWIFT gpi incoming tracking will arm corporate treasures with better cash forecasting by receiving the end-to-end tracking information,…

Strap: The BoB BPCL RuPay card will provide 0.75 percent cashback on fuel transactions at BPCL outlets up to Rs 45 per transaction. Copy: Leading public sector bank, Bank of Baroda has launched an international co-branded debit card with Bharat Petroleum and RuPay. The personalised RuPay platinum international debit card comes with various benefits which includes 5 percent cashback up to Rs 50 on the first 2 transactions at BPCL outlets. The BoB BPCL RuPay co-branded debit cardholders will further get an enhanced cash withdrawal facility of up to Rs 50,000 at ATMs, be able to shop for maximum of…

Strap: Leading digital payments company, PhonePe registered 1 million AutoPay mandates on UPI Copy: India’s leading digital payments company, PhonePe announced it has registered over 1 million Unified Payments Interface (UPI) enabled AutoPay mandates since the feature was launched in June this year. PhonePe becomes the first digital payments platform to achieve this milestone. PhonePe enabled AutoPay for varied use cases like mutual fund SIPs, Wallet Auto top-up and for OTT subscription renewals. The fintech said, “UPI AutoPay has seen large-scale adoption on PhonePe in a short span of time, particularly in the wallet top-up category. This uptick has been…