2023-05-18
This is BIG! Coming right off the heels of the Walmart CEOs statement of investment in India after meeting the PM The great investment boom in India 🇮🇳 is happening *now* https://twitter.com/...
TechCrunch
Amazon plans to invest $12.7B into its AWS infrastructure in India by 2030, on top of a previous $3.7B, and says its spending will support 131.7K full-time jobs
Amazon plans to invest $12.7 billion into its cloud infrastructure in India by 2030, the e-commerce group said Thursday …
2023-04-05
How tiny, cheap smart speakers unlocked the rise of digital payments in India Vegetable carts, flower shops, mom-and-pop stores: Small speakers that read out digital payment receipts are making fintech companies big money. https://restofworld.org/...
Rest of World
How sound boxes, or tiny, cheap speakers that read out payment confirmations, have become a lucrative revenue stream for Paytm and other fintechs in India
Adnan Bhat / Rest of World : LinkedIn: Shaji Sethu . Tweets: @adnanmbhat , @jasuja , @sammcallister , @anupkaphle , @hkanji , and @moo9000 LinkedIn: Shaji Sethu : How tiny, cheap ...
2021-12-21
This hasn't made many news headlines on social media let alone mainstream - just shows that marketing activities have a huge role to play in IPO success, sometimes even more important than the company's core business being tested in the public markets https://twitter.com/...
Moneycontrol
MapmyIndia, which provides mapping data to Apple, Amazon, and others, rises 53% on market debut, opening at $20.88 per share after listing at $13.64
Moneycontrol :
2021-12-06
Crypto exchange BitMart confirms hack resulting in loss of $150 million in crypto What happened to immutable security claims? Having ownership of the assets seems to be critical for investors instead of relying on exchanges https://www.theblockcrypto.com/ ...
The Block
Crypto exchange BitMart says it was hacked, resulting in the loss of ~$150M in crypto after its Ethereum and Binance Smart Chain hot wallets were breached
Tim Copeland / The Block :
2021-07-08
A Banking App Has Been Suddenly Closing Accounts, Not Returning Customers' Money Chime is racking up complaints from users who can't access their cash.The co says it's cracking down on an “extraordinary surge” in fraudulent deposits https://www-propublica-org.cdn.ampproje ct.org/ ... https://www-propublica-org.cdn.ampproje ct.org/ ...
ProPublica
Some users have reported getting locked out of their accounts at Chime, a “neobank” serving millions, with 920 complaints filed to CFPB since April 15, 2020
2021-06-19
PayPal overhauls U.S. rates as payments competition heats up | ⬆️ rates for its own proprietary products, ⬇️ rates for visa/MasterCard processed transactions. This endorsement of Payments commoditisation is the biggest ever, yet @tnatw @FintechPaymnts https://www.reuters.com/...
Reuters
PayPal will increase US sellers' costs to 3.49% plus $0.49 per transaction on its payment products starting Aug. 2, up from 2.9% plus $0.30 on most transactions
NEW YORK (Reuters) -PayPal Holdings Inc will lift merchant costs for its branded payment products while cutting those for behind … Source: PayPal Newsroom .
2021-04-15
BREAKING NEWS-Zeta is the seventh Indian startup to become a unicorn this month. SoftBank Vision Fund 2 has led a ~$250 million Series D round in the five-year-old Indian startup, the sources said. https://techcrunch.com/...
TechCrunch
Sources: Indian startup Zeta, which helps banks launch fintech products, is in talks to raise ~$250M Series D led by SoftBank Vision Fund 2
Manish Singh / TechCrunch :
2020-09-19
Apple Store Launch in India. India couldn't be more excited to get to Apple's priority markets list. I expect Apple's market share to be a headache for all Chinese mobile phone manufacturers whose primary market India is about to get “local” support https://www.apple.com/... https://twitter.com/...
9to5Mac
Apple says it will open its online store in India on September 23
Michael Steeber / 9to5Mac :
2020-07-12
Even Sunday is not a quiet day for #JioPlatforms and investments being made in the worst year in history. Truly remarkable. The list of investors keeps diversifying into a medley of the unexpected. Hats off to the Jio Strategy team. https://twitter.com/...
TechCrunch
Qualcomm Ventures says it will invest $97M in Reliance Jio Platforms to acquire a 0.15% equity stake
Qualcomm has become the latest high-profile investor in four-year-old Reliance Jio Platforms, which has raised more than $15.7 billion in the past 12 weeks from as many investors.
2020-06-26
Are we moving from “everyone in payments” to “payment providers in payments only”? Uber CEO said that Uber will “deprioritize” several of its finance-related projects, which have included credit cards, a digital wallet and instant payments for drivers. https://www.bloomberg.com/...
Bloomberg
In email to staff, Uber CEO says it will “deprioritize” its finance-related projects, including Uber Money, as the head of its financial products quits
Uber Technologies Inc.'s financial services leader Peter Hazlehurst is calling it quits as the ride-hailing giant focuses …
2020-04-18
The race to dominate the users wallet is bigger and better than ever before 👇-high-margin finance products could help Google develop efficient revenue opportunities and build its share price back up. In 2020 every co. is a Fintech (financial services co.) https://techcrunch.com/...
TechCrunch
Sources: Google is working on a “Google card”, a debit card co-branded with banks including Citi, to set itself apart from rival payment services
Venmo Adds Direct Deposits—Bank & Fintech Apps See Downtime Tyler Lee / Phandroid : It looks like Google could be making their own debit card Sam Rutherford / Gizmodo : Leaks Emerg...