Browsing: Banking

A. Manimekhalai, MD & CEO, Union Bank of India, said, “Union Bank is adopting Digital Products in a big way. Various new initiatives are taken by the Bank to increase Digital Footprints. The IT assets are increasingly exposed to the Internet. In this backdrop, our Bank has established the Ethical Hacking Lab to strengthen the cyber ecosystem. This is an important milestone as we take our cyber security journey ahead to secure digital banking experience.”

In this intended collaboration, both companies NPCI & TerraPay will work together to further empower Indian customers with active UPI Ids (350 million bank accounts) to be able to transact at QR locations enabled by TerraPay, globally. 

 Rakesh Jha, Executive Director, ICICI Bank said, “We are delighted to announce the launch of ‘Festive Bonanza’ for our customers which will include a plethora of offers, discounts and cashbacks on purchases and spends. We have collaborated with leading brands and e-commerce platforms across a wide range of products and services.”

The bank said the bond issue witnessed overwhelming response from investors, attracting bids worth Rs 9,647 crore, which was oversubscribed by about five times against the base issue size of Rs 2,000 crore.

NPCI said with the linkage of RuPay Credit Card on UPI, customers will benefit from the increased opportunity to use their credit cards, and merchants will benefit from the increase in consumption by being part of the credit ecosystem with the acceptance of credit cards using assets like QR codes.

The world of banking, financial services, and insurance (BFSI) has fast-tracked the adoption of digital technologies over the past two years. With…

At Zolve, Freiberg will advise on overall growth and business strategy with a focus on enhancing the product and value proposition of Zolve’s offerings internationally

In his new role, Sanjay will also spearhead several strategic and business development initiatives for the company while steering smooth collaboration across its diverse businesses in India. His position will be key to advancing and strengthening the company’s strategic focus in India, the company said in its statement.

Renovite is a California based fintech with presence in both India and Britain, providing cloud-native technology to optimise payments processing through a wide range of products and about 140 employees, of which roughly 125 are engineers. 

As part of the MoU, GIFT City and Yes Bank to promoted fintech innovation and a fintech accelerator for encouraging, promoting and supporting fintech startups.