Artificial Intelligence tech enables EarlySalary to lend instantly within 10 minutes.

EarlySalary Fintech

Gone are the days when lending used to be a month-long monotonous process. New-age digital lenders like EarlySalary are banking on Artificial Intelligence and Machine Learning (AI/ML) based processes for instant and paperless approvals. With its AI enabled tech backbone, EarlySalary makes loan approvals easy and quick along with reducing […]

Tez is now Pay. Google’s UPI based payment app offers instant bank loan.

When PM Modi launched BHIM app which offers seamless fund transfers through UPI, global IT giants like Whatsapp and Google were quick to join the payment scenario. Google’s Tez became the most used UPI app beating BHIM. And this miracle happened as Google was paying Rs 51 for every first […]

Telangana partners with Tech Mahindra to build Blockchain District.

Blockchain in India

The Telangana State Information Technology, Electronics and Communication department (ITE&C) has signed a Memorandum of Understanding with the global digital technology provider Tech Mahindra to Launch India’s first Blockchain District in the state of Telangana. The popularity of blockchain has moved from cryptocurrency to business applications across many industries such as […]

Trading in Bitcoin, Ethereum or any other crypto-currencies is illegal in India

Bitcoin is not a legal currency in India

Bitcoin or any other crypto-currency are not legal or lawful tender in India. Investors should stay away from investing as the transaction is not backed by any asset. Arun Jaitley, India’s Ministry of Finance has given a statement in RajyaSabha. BitCoin is a virtual crypto-currency invented by Satoshi Nakamoto. In […]

RBI lowers card transaction rate for small businesses to boost digital payments

RBI MDR Digital Payments

FinTech companies welcome RBI’s decision to lower Merchant Discount Rate Digital payments are expected to reach new horizons with good news from India’s Reserve Bank of India. RBI has decided to low Merchant Discount Rate for small and medium businesses in India. Politicians and RBI shifted its goal posts to […]

Indian banks to use blockchain tech for smart contracts and KYC

BankChain SBI KYC SmartContract Fintech

With the growth of Bitcoin, it’s associated technology, blockchain has quickly become a next-big-thing in the world of finance. Major financial institutions have given a go-ahead for using blockchain technology to simplify or automate existing systems. The Institute of Development and Research in Banking and Technology with its research papers […]

Satoshi Nakamoto: An anonymous man who is valued at ₹40,000 crores

Satoshi Nakamoto

Within just 9 years, every single person who is keen on investing knows what bitcoin is. As the white paper suggests, Bitcoin is a peer-to-peer version of electronic cash which allows online payment to be sent from one person to another without going through a financial institution. The Bitcoin had […]

JP Morgan rolls out blockchain-based inter-bank payments network

BankChain SBI KYC SmartContract Fintech

Blockchain technology is already on its path to reshape our financial systems. With its shared ledger being verified by miners, transactions are verified swiftly and can be accounted in computer systems. Blockchain, a shared ledger of transactions maintained by a network of computers on the internet, is the technology that […]

Google enters India’s digital payments space with Tez

Google Tez India

India’s digital payments industry is possibly the world’s fastest-growing technology adoption. Since the controversial and brave move of demonetisation, large transactions in cash are looked down upon with the eye of suspicion. Going cashless has made a trillion dollar opportunity for payment banks namely PayTM, Airtel and India Post. With […]

Soon, Send Money through WhatsApp via BHIM

Soon Send Money through WhatsApp via BHIM

As PayTM announced its foray into messaging business, WhatsApp is doing the opposite. WhatsApp is getting closer to enabling payments over United Payments Interface as the feature was spotted in the beta version of the app. The beta leak from WAbetaInfo stated that WhatsApp Payments will offer bank-to-bank immediate transfer […]