State Bank of India

Flywire Partners with State Bank of India (SBI) to Digitize Education Payments from India

Retrieved on: 
Tuesday, February 6, 2024
Partnership, State bank, Reserve Bank, Student, SBI, Open, Rupee, Investment, SVP, Education, LRS, State Bank of India, Cryptocurrency

BOSTON and MUMBAI, India, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today announced that it has partnered with State Bank of India, India’s largest public sector bank, to enable Indian payers to seamlessly and digitally pay international education-related fees in their local currency (Indian Rupees) to higher education institutions all over the world. The integration provides students and families a streamlined and completely digital experience when making high-value education payments, and helps them comply with the Liberalized Remittance Scheme (LRS), which are guidelines to help streamline overseas transactions and investments for residents of India.

Key Points: 
  • Flywire integrates directly into SBI’s banking platform, providing Indian students with a fully digital checkout experience for their transactions, ranging from application fees to tuition payments.
  • The partnership between Flywire and SBI provides an innovative approach to education payments and offers many benefits to students and institutions alike.
  • SBI customers can complete payments from local currency accounts to the thousands of Flywire education clients in a simple, three step process.
  • Flywire identifies the source of payments delivered to an institutions’ bank account and automatically posts each payment to the applicable student record.

Avaya Highlights India as Key Growth Market

Retrieved on: 
Tuesday, November 7, 2023
Software, Internet, Professional Services, Data Management, Technology, Artificial Intelligence, Outsourcing Business, Other Communications, Other Professional Services, Communications, Other Technology, Telecommunications, Bharti Airtel, Intelligence, Aadhaar, Education, Health, State bank, SBI, Government, ChatGPT, Organization, Senior, State Bank of India, Growth, Partnership, AI, Principal Scientific Adviser to the Government of India, Investment, CCAA, BFSI, Network equipment provider, Avaya

On his first visit to India since taking over as Avaya CEO, Alan Masarek said India is a key growth engine for Avaya worldwide with significant demand coming from domestic clients and Avaya partners.

Key Points: 
  • On his first visit to India since taking over as Avaya CEO, Alan Masarek said India is a key growth engine for Avaya worldwide with significant demand coming from domestic clients and Avaya partners.
  • Avaya counts Airtel, State Bank of India (SBI), and the Government of India among its key customers in India.
  • “Our R&D teams in India are a key source of innovation for Avaya worldwide, especially as enterprises embrace AI-powered innovations that can help them redefine customer experiences,” said Alan Masarek, CEO of Avaya.
  • Avaya has committed over 5 million rupees to support the development of a youth skilling center in Hyderabad.

Unified Payments Interface (UPI) market size in India to grow by USD 65.49 trillion from 2021 to 2026: Instant and smooth money transfer process will drive growth - Technavio

Retrieved on: 
Tuesday, August 8, 2023
Amazon (company), South Indian Bank, PhonePe, ICICI Bank, State Bank of India, Central bank, Apple Inc., Reliance Industries, Yes Bank, HDFC Bank, Axis Bank, UPI, USD, Federal Trade Commission v. Meta Platforms, Inc., IMPS, Holiday, SMSS, Paytm, Central Bank of India, State bank, Union Bank of India, Bank of Baroda, Growth, Alphabet Inc., Bank, Union Bank, Walmart, Mobile phone, Online shopping

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98% according to Technavio.

Key Points: 
  • NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98% according to Technavio.
  • Hence, such factors are expected to drive the growth of the UPI market in India during the forecast period.
  • The growing emergence of mobile apps for shopping transactions is an emerging UPI market trend in India.
  • The unified payments interface (UPI) market in India report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Personal Loans Market to grow at a CAGR of 11.79% from 2022 to 2027|Use of advanced technologies in the loan process to drive the market growth -Technavio

Retrieved on: 
Wednesday, July 5, 2023
IDBI Bank, State Bank of India, PPF (company), Goldman Sachs, Punjab National Bank, Risk, State bank, Software, Geography, ICICI Bank, Axis Bank, UCO, Finance, Cloud computing, Organization, Mahindra, Internet of things, Union Bank of India, P2P, Growth, Indian Overseas Bank, Union Bank, Legislation, Citigroup, Bank of America, Yes Bank, HSBC, HDFC Bank, Canara Bank, Ecosystem, AI, Bank, Security (finance), Pension fund, COVID-19, Ai, American Express

The use of advanced technologies in the loan process is a major factor driving the personal loans market growth.

Key Points: 
  • The use of advanced technologies in the loan process is a major factor driving the personal loans market growth.
  • This will aid both customers and vendors in the global personal loans market and will fuel the growth of the market in focus during the forecast period.
  • The report provides actionable insights and estimates the contribution of all regions to the growth of the global personal loans market.
  • The increase in the adoption of cloud-based personal loan servicing software offerings is an emerging trend shaping the personal loan market.

Chiratae Ventures Maiden Growth Fund-I announces its close at INR 1001 cr, oversubscribed by 34%

Retrieved on: 
Wednesday, May 3, 2023
Axis Bank, State Bank of India, INR, Venture, AUM, Trust, The Co Founder, Business Growth Fund, Investment, State bank, Growth, Family, Family office, Policybazaar, Renewable energy, Cryptocurrency, Chiratae Ventures, Pixie Grape, Lenskart, Myntra, Infosys

BENGALURU, India, May 3, 2023 /PRNewswire/ -- Chiratae Ventures, India's largest homegrown venture capital fund, has successfully concluded the fundraising for its first Chiratae Growth Fund (CGF-I), raising INR 1001 cr.

Key Points: 
  • BENGALURU, India, May 3, 2023 /PRNewswire/ -- Chiratae Ventures, India's largest homegrown venture capital fund, has successfully concluded the fundraising for its first Chiratae Growth Fund (CGF-I), raising INR 1001 cr.
  • The announcement of the close of CGF-I comes on the heels of Fund 4, which was oversubscribed by 22%.
  • With this new CGF-I, Chiratae Ventures will continue its mission of supporting innovative technology startups in their growth stage and unlocking their potential.
  • Chiratae Ventures has a successful track record of investing in early and growth-stage startups over the past 16 years.

Automated Fare Collection Market to Reach $28.88 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Thursday, April 20, 2023
Component, Communication, Partnership, AFC, IC, Record, State Bank of India, USD, Noida Metro, NFC, Investment, Restaurant, Application, SAN, Hardware, State bank, NMRC, Growth, System, Aurionpro Solutions Limited, Smart card, Automation, Revenue, Online shopping, Mobile phone, Tourism, Software

Automated fare collection (AFC) systems enable automated ticketing systems in public transportation, which enhances the operational efficiency of the overall system.

Key Points: 
  • Automated fare collection (AFC) systems enable automated ticketing systems in public transportation, which enhances the operational efficiency of the overall system.
  • Read 150 page market research report, " Automated Fare Collection Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Technology, By System, By Application, By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand View Research.
  • Hence, these factors are expected to fuel the growth of the automated fare collection industry during the forecast period.
  • Grand View Research has segmented the global automated fare collection market based on component, technology, system, application, and region:
    Automated Fare Collection (AFC) Market - Component Outlook (Revenue, USD Million, 2018 - 2030)
    Automated Fare Collection (AFC) Market - Technology Outlook (Revenue, USD Million, 2018 - 2030)

Automated Fare Collection Market to Reach $28.88 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Thursday, April 20, 2023
Component, Communication, Partnership, AFC, IC, Record, State Bank of India, USD, Noida Metro, NFC, Investment, Restaurant, Application, SAN, Hardware, State bank, NMRC, Growth, System, Aurionpro Solutions Limited, Smart card, Automation, Revenue, Online shopping, Mobile phone, Tourism, Software

Automated fare collection (AFC) systems enable automated ticketing systems in public transportation, which enhances the operational efficiency of the overall system.

Key Points: 
  • Automated fare collection (AFC) systems enable automated ticketing systems in public transportation, which enhances the operational efficiency of the overall system.
  • Read 150 page market research report, " Automated Fare Collection Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Technology, By System, By Application, By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand View Research.
  • Hence, these factors are expected to fuel the growth of the automated fare collection industry during the forecast period.
  • Grand View Research has segmented the global automated fare collection market based on component, technology, system, application, and region:
    Automated Fare Collection (AFC) Market - Component Outlook (Revenue, USD Million, 2018 - 2030)
    Automated Fare Collection (AFC) Market - Technology Outlook (Revenue, USD Million, 2018 - 2030)

FinTechs and Banks Unite for Innovation at DIFC's Dubai FinTech Summit Dialogues

Retrieved on: 
Tuesday, April 18, 2023
Hive, Platform as a service, Senior, FAB, State Bank of India, Marriage, Fintech, Innovation Hub, First Abu Dhabi Bank, Trust, Platform, Map, State bank, Growth, Lufthansa Innovation Hub, DFS, Typesetting, Bank, Cryptocurrency, Madinat Jumeirah

DIFC-led dialogue hosts ten heads of banks and FinTechs for discussion on current financial stability and outlook

Key Points: 
  • Dubai, United Arab Emirates--(Newsfile Corp. - April 18, 2023) - Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region hosted the second Dubai FinTech Summit (DFS) Dialogues this week, powered by the Innovation Hub.
  • Given global headwinds, we have an opportunity to build more resilient institutions through collaboration between banks and FinTechs."
  • However, something FinTechs do very well is streamlining processes when helping onboard customers into these larger banks.
  • Join the dialogue at the Dubai FinTech Summit at Madinat Jumeirah in Dubai.

Rivulis announces completion of the acquisition of Jain Irrigation's International Irrigation Business

Retrieved on: 
Monday, April 3, 2023
IDC, HSBC, AVI, Financial assistance (share purchase), GROW, State Bank of India, Jain Irrigation Systems, Agriculture, First International Bank of Israel, ING, KFAR, Government, Acquisition, Water, Rivulis, First International Bank, State bank, Rabobank, Bank Leumi, Security (finance), Temasek

Ltd. ("Rivulis") has today announced that it has received full regulatory approval for the acquisition of multiple overseas subsidiaries which comprise the International Irrigation Business ("IIB") of Jain Irrigation.

Key Points: 
  • Ltd. ("Rivulis") has today announced that it has received full regulatory approval for the acquisition of multiple overseas subsidiaries which comprise the International Irrigation Business ("IIB") of Jain Irrigation.
  • With this acquisition, Rivulis will lead the mass adoption of modern irrigation solutions and digital farming by growers and business partners to create an irrigation and climate leader globally.
  • The acquisition has been finalized after all government authorizations and the precedent conditions required by the Share Purchase Agreement have been obtained and completed.
  • Together with our two shareholders, Temasek and Jain Irrigation, Rivulis' next chapter will be an exciting one as we realize our GROW BEYOND mission to help growers achieve sustainable livelihoods and to become a global sustainability champion."

Rivulis announces completion of the acquisition of Jain Irrigation's International Irrigation Business

Retrieved on: 
Monday, April 3, 2023
IDC, HSBC, AVI, Financial assistance (share purchase), GROW, State Bank of India, Jain Irrigation Systems, Agriculture, First International Bank of Israel, ING, KFAR, Government, Acquisition, Water, Rivulis, First International Bank, State bank, Rabobank, Bank Leumi, Security (finance), Temasek

Ltd. ("Rivulis") has today announced that it has received full regulatory approval for the acquisition of multiple overseas subsidiaries which comprise the International Irrigation Business ("IIB") of Jain Irrigation.

Key Points: 
  • Ltd. ("Rivulis") has today announced that it has received full regulatory approval for the acquisition of multiple overseas subsidiaries which comprise the International Irrigation Business ("IIB") of Jain Irrigation.
  • With this acquisition, Rivulis will lead the mass adoption of modern irrigation solutions and digital farming by growers and business partners to create an irrigation and climate leader globally.
  • The acquisition has been finalized after all government authorizations and the precedent conditions required by the Share Purchase Agreement have been obtained and completed.
  • Together with our two shareholders, Temasek and Jain Irrigation, Rivulis' next chapter will be an exciting one as we realize our GROW BEYOND mission to help growers achieve sustainable livelihoods and to become a global sustainability champion."