IAMAI

JetSynthesys acquires majority stake in Fanory; Onboards former Twitter India Head Manish Maheshwari in a leadership role

Retrieved on: 
Wednesday, January 25, 2023
Head, Ecosystem, Serum Institute of India, Social media, Corporation, Internet, Policy, IAMAI, McKinsey & Company, Internet and Mobile Association of India, Digital technology, Woman, Acquisition, E-commerce, Creativity, Maheshwari, Shopify, Music

PUNE, India , Jan. 25, 2023 /PRNewswire/ -- New-age digital entertainment and technology company, JetSynthesys, has acquired majority stake in Fanory, a start-up that helps creators monetize better than what is possible on social media platforms. As part of this transaction, JetSynthesys has onboarded ex-Twitter India Head and Fanory's co-founder, Manish Maheshwari, as President at the Corporate level, JetSynthesys. Shareholders of JetSynthesys include the family offices of Infosys Co-Founder Kris Gopalakrishnan, Serum Institute's Adar Poonawalla, and cricketing legend Sachin Tendulkar, amongst others. 

Key Points: 
  • As part of this transaction, JetSynthesys has onboarded ex-Twitter India Head and Fanory's co-founder, Manish Maheshwari, as President at the Corporate level, JetSynthesys.
  • Shareholders of JetSynthesys include the family offices of Infosys Co-Founder Kris Gopalakrishnan, Serum Institute's Adar Poonawalla, and cricketing legend Sachin Tendulkar, amongst others.
  • Manish Maheshwari, Co-founder of Fanory and now President, Corporate Level, JetSynthesys, said, "Social media platforms prioritize follower acquisition and engagement so that they can sell adverts to brands.
  • Manish has previously served on the Governing Council of the Internet and Mobile Association of India (IAMAI), India's leading policy body for internet companies.

CrossTower launches G-Coin® Digital Gold in the US

Retrieved on: 
Friday, January 14, 2022
Bitcoin, Ethereum, USD Coin, Crypto, Bermuda, ESG, Technology, Emtech, Loss, Miner, BTC, BACC, Gold, Ecosystem, Partnership, Safety, Internet and Mobile Association of India, Pension, Solution, Science and technology in Asia, ETH, Ownership, Founder, Education, USD, Risk, Internet, Family, Compliance, Friends, Millennials, Organization, IAMAI, Policy, Cryptocurrency, Blockchain

NEW YORK, Jan. 14, 2022 /PRNewswire/ -- CrossTower Inc. ("CrossTower") , one of the world's fastest-growing crypto and digital asset exchanges, has introduced the G-Coin digital gold token (GCOIN) for its U.S. customers.

Key Points: 
  • NEW YORK, Jan. 14, 2022 /PRNewswire/ -- CrossTower Inc. ("CrossTower") , one of the world's fastest-growing crypto and digital asset exchanges, has introduced the G-Coin digital gold token (GCOIN) for its U.S. customers.
  • Unlike cryptocurrencies, the G-Coin token is a digital title of ownership to 99.99% pure physical gold that is stored in secured vaults.
  • Tokenization enables users to purchase a digital title of ownership to gold conveniently and in smaller quantities than is typical in the physical gold market.
  • Moreover, the physical gold Responsible Gold - is produced by miners and refiners who conform to the highest environmental, social, and governance standards.

CBDCs are Designed to be Very Stable; Majority of Central Banks Exploring CBDCs: IMF

Retrieved on: 
Friday, October 1, 2021
Central bank digital currency, Global, Internet, Central bank, Community business development corporation, CB Bank, CBDC, PCI, NPCI, Digital currency, Technology, IAMAI, Payments Council, Public sector banks in India, G20, FCC, International Monetary Fund, Internet and Mobile Association of India, Cryptocurrency

Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress.

Key Points: 
  • Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress.
  • Also, there could be a lot of innovations in Central Banks issued digital currencies, especially across payments, lending platforms.
  • Secondly, CBDCs might undermine existing banks so banks need to upgrade their technologies to compete.
  • However, there are a lot of discussions going on between Central Banks of various countries to make the cross-border payments cheaper.

CBDCs are Designed to be Very Stable; Majority of Central Banks Exploring CBDCs: IMF

Retrieved on: 
Friday, October 1, 2021
Central bank digital currency, Global, Internet, Central bank, Community business development corporation, CB Bank, CBDC, PCI, NPCI, Digital currency, Technology, IAMAI, Payments Council, Public sector banks in India, G20, FCC, International Monetary Fund, Internet and Mobile Association of India, Cryptocurrency

Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress.

Key Points: 
  • Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress.
  • Also, there could be a lot of innovations in Central Banks issued digital currencies, especially across payments, lending platforms.
  • Secondly, CBDCs might undermine existing banks so banks need to upgrade their technologies to compete.
  • However, there are a lot of discussions going on between Central Banks of various countries to make the cross-border payments cheaper.

Finance Minister of India Releases UN Report at Global FinTech Fest on 28th September

Retrieved on: 
Wednesday, September 29, 2021
UN, Goal, Global, Internet, Fintech Valley Vizag, The Honourable, Trust, Privacy, National Payments Corporation of India, Financial technology, Population, SMT, Unified Payments Interface, PCI, Government, Charter of the United Nations, Industry, NPCI, Woman, Corporate Affairs, Leadership, Technology, IAMAI, Payments Council, UPI, FCC, Digital, Responsibility, Internet and Mobile Association of India, Cryptocurrency

She unveiled the report at the Global FinTech Fest on 28September.

Key Points: 
  • She unveiled the report at the Global FinTech Fest on 28September.
  • Speaking at the Fest, organised by Fintech Convergence Council ( FCC ) and Payments Council of India ( PCI ) of Internet and Mobile Association of India ( IAMAI ), along with National Payments Corporation of India ( NPCI ), the Finance Minister said that India has the highest Fintech adoption rate of 87% as opposed to the global average rate of 64%, which establishes the fact that India is a prime destination for digital payments and activities.
  • Fintech startups are altering and remodeling themselves to futuristic technologies for making India the Fintech destination.
  • India has a combination of FinTechs innovating at a rapid pace with user's eager to adopt digital platforms.

Finance Minister of India Releases UN Report at Global FinTech Fest on 28th September

Retrieved on: 
Wednesday, September 29, 2021
UN, Goal, Global, Internet, Fintech Valley Vizag, The Honourable, Trust, Privacy, National Payments Corporation of India, Financial technology, Population, SMT, Unified Payments Interface, PCI, Government, Charter of the United Nations, Industry, NPCI, Woman, Corporate Affairs, Leadership, Technology, IAMAI, Payments Council, UPI, FCC, Digital, Responsibility, Internet and Mobile Association of India, Cryptocurrency

She unveiled the report at the Global FinTech Fest on 28September.

Key Points: 
  • She unveiled the report at the Global FinTech Fest on 28September.
  • Speaking at the Fest, organised by Fintech Convergence Council ( FCC ) and Payments Council of India ( PCI ) of Internet and Mobile Association of India ( IAMAI ), along with National Payments Corporation of India ( NPCI ), the Finance Minister said that India has the highest Fintech adoption rate of 87% as opposed to the global average rate of 64%, which establishes the fact that India is a prime destination for digital payments and activities.
  • Fintech startups are altering and remodeling themselves to futuristic technologies for making India the Fintech destination.
  • India has a combination of FinTechs innovating at a rapid pace with user's eager to adopt digital platforms.

India's Finance Minister to be Chief Guest at World's Largest FinTech Fest

Retrieved on: 
Monday, September 27, 2021
Food, Internet, Ministry, United Nations Capital Development Fund, Ministry of Electronics and Information Technology, World Bank, VC, National Payments Corporation of India, Science and technology in Asia, Federation of Indian Chambers of Commerce & Industry, ConsumerAffairs, CEO, NPCI, Entrepreneurship, World, Information technology, Monetary Authority of Singapore, Commerce, UNCDF, IAMAI, GFF, Capital, FCC, International Monetary Fund, State, Internet and Mobile Association of India

NEW DELHI, Sept. 27, 2021 /PRNewswire/ -- India's Finance Minister Smt Nirmala Sitharaman will be the ChiefGuest at the World's Largest Virtual FinTech Fest -- Global FinTech Fest ( GFF ), scheduledfor 28-30 September.

Key Points: 
  • NEW DELHI, Sept. 27, 2021 /PRNewswire/ -- India's Finance Minister Smt Nirmala Sitharaman will be the ChiefGuest at the World's Largest Virtual FinTech Fest -- Global FinTech Fest ( GFF ), scheduledfor 28-30 September.
  • Shri Piyush Goyal, Minister of Commerce & Industry, ConsumerAffairs & Food & Public Distribution and Textiles, Government of India, will address theValedictorySession on 30thSeptember.
  • About 300 global speakers from 35 nations will share their perspectives on various facets of fintech.
  • Over the past few years, India's fintech sector has emerged as one of the world's most activefintechmarkets.Amarketwherestartups,BigTechs,incumbents,andlargeconglomeratesarevying to get a piece off.

India's Finance Minister to be Chief Guest at World's Largest FinTech Fest

Retrieved on: 
Monday, September 27, 2021
Food, Internet, Ministry, United Nations Capital Development Fund, Ministry of Electronics and Information Technology, World Bank, VC, Multimedia, National Payments Corporation of India, Science and technology in Asia, Federation of Indian Chambers of Commerce & Industry, ConsumerAffairs, CEO, NPCI, Entrepreneurship, World, Information technology, Monetary Authority of Singapore, Commerce, UNCDF, IAMAI, GFF, Capital, FCC, International Monetary Fund, State, Internet and Mobile Association of India

NEW DELHI, Sept. 27, 2021 /PRNewswire/ -- India's Finance Minister Smt Nirmala Sitharaman will be the ChiefGuest at the World's Largest Virtual FinTech Fest -- Global FinTech Fest ( GFF ), scheduledfor 28-30 September.

Key Points: 
  • NEW DELHI, Sept. 27, 2021 /PRNewswire/ -- India's Finance Minister Smt Nirmala Sitharaman will be the ChiefGuest at the World's Largest Virtual FinTech Fest -- Global FinTech Fest ( GFF ), scheduledfor 28-30 September.
  • Shri Piyush Goyal, Minister of Commerce & Industry, ConsumerAffairs & Food & Public Distribution and Textiles, Government of India, will address theValedictorySession on 30thSeptember.
  • About 300 global speakers from 35 nations will share their perspectives on various facets of fintech.
  • Over the past few years, India's fintech sector has emerged as one of the world's most activefintechmarkets.Amarketwherestartups,BigTechs,incumbents,andlargeconglomeratesarevying to get a piece off.

India to Host World's Largest Virtual FinTech Fest on 28th-30th Sept

Retrieved on: 
Monday, September 20, 2021
Adoption, Food, Internet, Insurance, Ministry, Founder CEO, Central bank, Ministry of Skill Development and Entrepreneurship, VC, Smartphone, Multimedia, CB Bank, Federation of Indian Chambers of Commerce & Industry, CEO, NPCI, Growth, Consumer protection, Information technology, Monetary Authority of Singapore, Commerce, IAMAI, GFF, FCC, Science and technology in Asia, International Monetary Fund, Internet and Mobile Association of India, Bank

NEW DELHI, Sept. 20, 2021 /PRNewswire/ -- Over 25,000 delegates, from over 115 countries, will participate at the world's largest virtual fintech summit -- Global FinTech Fest ( GFF ) on 28th -30th September that will discuss how globally the economies are being re-shaped by fintech adoption.

Key Points: 
  • NEW DELHI, Sept. 20, 2021 /PRNewswire/ -- Over 25,000 delegates, from over 115 countries, will participate at the world's largest virtual fintech summit -- Global FinTech Fest ( GFF ) on 28th -30th September that will discuss how globally the economies are being re-shaped by fintech adoption.
  • India is gradually emerging as the world's top fintech hub, with the sector clocking the highest VC funding in the last one year in the APAC region.
  • The current year has seen over 16 unicorns in India where 1 in 4 unicorns were from the fintech domain.
  • India with over 800 million smartphone and internet users is the most evolved society for fintech adoption in the world today.

India to Host World's Largest Virtual FinTech Fest on 28th-30th Sept

Retrieved on: 
Monday, September 20, 2021
Adoption, NEW, Food, Internet, Insurance, Ministry, Founder CEO, Central bank, Ministry of Skill Development and Entrepreneurship, VC, Smartphone, CB Bank, Federation of Indian Chambers of Commerce & Industry, CEO, NPCI, Growth, Consumer protection, Information technology, Monetary Authority of Singapore, Commerce, IAMAI, GFF, FCC, Science and technology in Asia, International Monetary Fund, Internet and Mobile Association of India, Bank

NEW DELHI, Sept. 20, 2021 /PRNewswire/ -- Over 25,000 delegates, from over 115 countries, will participate at the world's largest virtual fintech summit -- Global FinTech Fest (GFF) on 28th -30th September that will discuss how globally the economies are being re-shaped by fintech adoption.

Key Points: 
  • India is gradually emerging as the world's top fintech hub, with the sector clocking the highest VC funding in the last one year in the APAC region.
  • The current year has seen over 16 unicorns in India where 1 in 4 unicorns were from the fintech domain.
  • The event is presented by the Ministry of Electronics and Information Technology, Government of India, and organised by National Payments Council of India ( NPCI ) and Fintech Convergence Council ( FCC ) of Internet and Mobile Association of India ( IAMAI ).
  • India with over 800 million smartphone and internet users is the most evolved society for fintech adoption in the world today.