Fintech company Revolut swings to $553 million profit
FINTECH-Fintech company Revolut swings to $553 million profit
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FINTECH-Fintech company Revolut swings to $553 million profit
In comparison, private players like HDFC Bank, Axis Bank, ICICI Bank, Yes Bank and IDFC First have an average UPI technical decline of 0.04%. Among private players, Bandhan Bank has seen technical declines of over 1%.
BCT Digital’s rt360 Real-Time Monitoring System has been approved by the Reserve Bank of India, following successful regulatory sandbox testing. Developed with IDBI Bank, this system focuses on credit fraud prevention and aims to provide real-time transaction monitoring.
FINTECH-Revolut's 2023 revenue rises to 1.8 billion pounds, CNBC reports
MyFi is a personalised product designed specifically for India. It derives inspiration from its counterpart magnifi, which has successfully established itself in the US, MyFi co-founder and CEO Kiran Nambiar told PTI.
A recent report by Praxis Global Alliance has shown exponential growth in digital lending volumes and values in digital transactions. Here's what the report said:
Under the project, rather than an IPS operator building custom connections for every new country to which it connects, the operator only needs to make one connection to Nexus.
Unified Payments Interface (UPI) which had crossed the 11 billion mark in October with 11.41 billion transactions, 12 billion mark in December with 12.02 billion transactions, 13 billion mark in March 2024 recording 13.44 billion transactions and 14 billion mark in May with 14.04 billion transactions, has witnessed a slight decline and clocked 13.89 billion transactions in June 2024. Here's what the NPCI data revealed:
In comparison, private players like HDFC Bank, Axis Bank, ICICI Bank, Yes Bank and IDFC First have an average UPI technical decline of 0.04%. Among private players, Bandhan Bank has seen technical declines of over 1%.
Uttar Pradesh is home to over 9 million MSME units. In 2017, the state had the sixth-largest economy in India, but today, it has become the second-largest economy in the country.
A report by BCG & QED Investors highlighted that the embedded finance market is expected to have a robust growth reaching approximately USD 320 billion in revenues by 2030, and it will be mainly led by payments, lending and insurance.