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Financial technology (also called FinTech) is an industry composed of companies that use technology to offer financial services. These companies operate in insurance, asset management and payment, and numerous other industries. FinTech has emerged as a relatively new industry in India in the past few years.
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8] The PhonePe app, based on the Unified Payments Interface, went live in August 2016. [9] [10]
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
The Reserve Bank of India (RBI) is working on regulations that will be more "developmental" for financial technology, or fintech, companies, a deputy governor of the central bank said on Friday.
Aurionpro Solutions Limited is a technology company, headquartered in Navi Mumbai, India.It primarily serves the banking, mobility, payments, and government sectors. [1] [2] Aurionpro is a publicly listed company, traded on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), with a market capitalization exceeding Rs 7 billion.
Paytm's parent company One97 Communications was listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. [9] For the fiscal year 2022–23, Paytm's gross merchandise value (GMV) was reported to be ₹ 13.2 lakh crore (US$150 billion).
63 Moons Technologies Limited (stylised as 63 moons technologies), formerly Financial Technologies (India) Limited until 2016, [6] [7] [8] is an Indian company which provides technology solutions to financial platforms and supports the creation of digital marketplaces.
The global BFSI Industry faced serious turmoil during the early 21st century, when a series of crises like the subprime mortgage crisis in the US, and the Great Recession worldwide, that began in 2008, gave a huge setback, resulting in negative growth. A 2013 report [2] said that the industry was coming back on track.