Sunday, 22 May, 2022
TopicFintech

Topic: Fintech

App-based credit card Slice’s Invite Code JOHN196618 gives Rs 300 bonus on signing up

Slice offers a credit limit from Rs 2000 to Rs 10 lakh. In every single transaction, it also gives an instant 1-2% cashback point.

Actor Sunny Leone claims identity theft, PAN details allegedly used for fintech loan fraud

Leone tweeted Rs 2000 loan was taken against her identity & tagged Indiabulls Securities Ltd (now Dhani Stocks Ltd) & Indiabulls Home Loans. Actor latest to have claimed fraud on Dhani.

Cash is dying all over the world, but we aren’t ready to bury it yet

Even in nations where technology has turned it into an anachronistic appendage, cash can’t be allowed to die. Not before central bank digital currencies are ready.

Time to convert Fintech into a revolution to provide low-cost payment system, ​says PM Modi

Speaking at the InFinity Forum Friday, PM said technology is bringing a big shift in finance, and mobile payment last year exceeded ATM withdrawals.

Fintech startups to make a bigger move in 2020, experts suggest

Sweeping mergers, acquisitions have transformed some of the industry’s largest incumbents in payments, who are gearing up for a bigger fight with newcomers.

You can’t coerce India to adopt digital payments. Here’s what Modi govt should try instead

Those who invested in or built standalone payment firms might be regretting because Modi govt’s move to remove MDR has harmed their business model.

PMC fiasco shows why it’s time to pull the plug on urban cooperative banks

Rather than waste resources on recovery and sustenance of urban cooperative banks, focus can be on articulating a credit disbursement mechanism.

Banks better watch out, the fintech payment revolution is coming

As local-currency payments in Asia become instantaneous, cashless and cheap, customers will demand similar features when they remit funds overseas.

Dr. Evil would love Mark Zuckerberg’s ‘GlobalCoin’, Facebook’s cryptocurrency

Given its access to people's transaction data, Facebook’s use of its own cryptocurrency should raise questions on the implications on privacy, potential data breaches, and credit scoring.

India’s fintech sandbox is on its way but RBI’s draft guidelines can limit benefits

RBI’s framework for the regulatory sandbox proposes a number of entry barriers that seem extremely vague and subjective.

On Camera

YourTurn

Illustration by Ramandeep Kaur

Quad has a sea of challenges. Navy can take cue from a Maratha admiral who sank English ships

Even though Kanhoji’s navy held its own against the English and Portuguese, its fleet never truly modernised. Indian Navy could learn from his tale.
An attendant refills a two-wheeler with fuel at a petrol pump in New Delhi Saturday | ANI

Under fire for spiraling inflation, Modi govt announces excise duty cut on fuels, LPG subsidy

It has also decided to enhance the fertiliser subsidy for farmers, and reduce import duty on some raw materials. ‘It is always people first for us!’ tweets prime minister.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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