Payments bank

EarlySalary Raises Series D Funding of $110 Million led by TPG’s The Rise Fund & Norwest Venture Partners

Retrieved on: 
Tuesday, August 30, 2022
Fintech, Other Professional Services, Professional Services, Finance, Unitus, Partnership, Norwest, Science and technology in Asia, RBI, Goal, Food, CEO, Rise, Digital, Agriculture, City, NSE, Entrepreneurship, Bono, Sale, Debt-to-GDP ratio, United Nations, Treasury, Financial technology, EMIS, Education, Investment, PNB Housing Finance Limited, CFO, Software as a service, TPG, MD, Risk management, Instagram, Norwest Venture Partners, Population, IndusInd Bank, Climate, Payments bank, Risk, Ecosystem, Growth, Health, Logistics, MENSA, Kotak Mahindra Bank, Financial services, Bank, Marketing, Renewable energy, Health care, Chiratae Ventures, Insurance

Indias largest consumer lending fintech, EarlySalary, has closed its series D funding round of $110 million led by TPGs The Rise Fund and Norwest Venture Partners.

Key Points: 
  • Indias largest consumer lending fintech, EarlySalary, has closed its series D funding round of $110 million led by TPGs The Rise Fund and Norwest Venture Partners.
  • The company had raised $34 million in previous rounds from Eight Roads, Chiratae Ventures, Piramal Capital & Housing Finance Limited and angel investors.
  • Over the course of its journey, EarlySalary expanded its services to over 150 cities and aims to continue growing its customer base.
  • Norwest Venture Partners is focused on early to mid-stage venture capital and growth equity investments across a wide range of sectors including Fintech, Insurance, Consumer-tech, B2B, SaaS, Healthcare, Logistics, etc.

dLocal Expands African Footprint, Adds Two New Countries

Retrieved on: 
Wednesday, June 8, 2022
Professional Services, Technology, Mobile, Wireless, Finance, Banking, Internet, Visa, Moov, AI, Payments bank, API, Mastercard, Orange Money, Online shopping, Bank, MTN, African

The company now supports local payment processing in 12 African countries, and 37 emerging market countries total around the world.

Key Points: 
  • The company now supports local payment processing in 12 African countries, and 37 emerging market countries total around the world.
  • As part of its expansion to these two countries, dLocal will enable merchants to accept the major mobile money platforms in Africa, including Orange Money, MTN, Airtel Tigo and Moov.
  • Some additional benefits to merchants using One dLocal include:
    Payouts: Merchants can now execute local payments and deposit local currency directly to mobile money and local bank accounts in all supported African countries.
  • Single API integration: Current dLocal clients can immediately grow revenue in these two countries via the platforms single API, with no need for any additional integration.

Singapore Cards and Payments Markets, Opportunities and Risks Report 2021-2024 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, May 26, 2021
Professional services, Finance, Financial services, Money, Finance, Payment systems, Debit card, Bank, Credit card, Payments bank, RuPay

The "Singapore Cards and Payments - Opportunities and Risks to 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Singapore Cards and Payments - Opportunities and Risks to 2024" report has been added to ResearchAndMarkets.com's offering.
  • 'Singapore Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in the Singaporean cards and payments industry.
  • Instant payments in Singapore are likely to grow further with the government now permitting non-bank financial institutions (NFIs) to access banking retail payments infrastructure.
  • The former allows entities to serve both retail and corporate segments by offering products such as bank accounts, deposits, debit cards, and credit cards.

Western Union and Bharti Airtel Unveil Real-time Global Payments into Millions of Bank Accounts in India and Mobile Wallets Across Africa

Retrieved on: 
Wednesday, January 22, 2020
Professional services, Technology, Mobile, Wireless, Finance, Banking, Internet, Economy of India, Financial services, Economy, Mobile payments in India, Banking in India, Vodafone, Airtel Payments Bank, Bharti Airtel, Payments bank, Airtel Africa, Bank, E-commerce payment system, Western Union, Bharti Airtel, Airtel Africa, Airtel Payments Bank

The two industry leaders have come together to launch real-time payments soon into millions of Airtel Payments Bank accounts in India and Mobile Wallets across 14 countries in Africa.

Key Points: 
  • The two industry leaders have come together to launch real-time payments soon into millions of Airtel Payments Bank accounts in India and Mobile Wallets across 14 countries in Africa.
  • Western Unions collaboration with Airtel Payments Bank in India will offer another channel for real-time cross-border money movement into India, the worlds largest remittance-receiving country , according to the World Bank.
  • Airtel Payments Bank customers can soon direct a Western Union money transfer into their bank accounts 24/7 via their app in real-time.
  • Airtel Payments Bank, Indias first payments bank that launched in January 2017, now boasts of over 40 million+ customers and over 500K banking points across the country.

Smart2Pay Adds Paytm to its Payments Portfolio

Retrieved on: 
Thursday, October 31, 2019
Economy of India, Mobile payments in India, Economy, Financial services, Online payments, E-commerce in India, Paytm, Payment systems, Banking in India, Payments bank, Credit card

With this integration, Smart2Pay offers its Merchants an additional means to tapping into the Indian market, besides local credit cards processing which is already offered by Smart2Pay.

Key Points: 
  • With this integration, Smart2Pay offers its Merchants an additional means to tapping into the Indian market, besides local credit cards processing which is already offered by Smart2Pay.
  • Stefan Iancu, CTO of Smart2Pay: "We are proud to add Paytm to our extensive payment methods portfolio.
  • In 2015, Paytm begins offering banking services by launching Paytm Payments Bank and in 2017 enters into ecommerce operations with the launch of e-platform Paytm Mall.
  • By using Smart2Pay, you will be offering the preferred local method of payment to your global Customers, thus significantly boosting your sales!