Payments giant Stripe debuts a credit card in its latest step into the financing fray – gpgmail

Last week, when the popular payments startup Stripe made some waves with its first move into money lending through the launch of Stripe Capital, we reported that the company was also soon going to be launching a credit card. Now, that news is official. Today, the company is doubling down on financing with the launch […]

India’s mobile payments firm MobiKwik reaches rare key profit milestone – gpgmail

Indian mobile payments firm MobiKwik has reached a milestone very few of its local rivals can even contemplate: not burning money. The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation, and amortization. “We have been in an ecosystem where we have seen a lot of high-growth and several […]

India’s BharatPe raises $50M to help merchants accept digital payments and secure working capital – gpgmail

BharatPe, a New Delhi-based firm that is enabling hundreds of thousands of merchants to start accepting digital payments for the first time each month and also giving them access to working capital, has raised $50 million as it looks to scale its business in the nation. The Series B round for the one-year old startup was […]

The Federal Reserve announces plans for a real-time payments system that will be available to all banks – gpgmail

The Federal Reserve Bank announced today that it is developing a new service called FedNow that will allow all banks in the United States to offer 24/7 real-time payment services every day of the week. FedNow is expected to be available by 2023 or 2024 and will initially support transfers of up to $25,000. FedNow […]

Truecaller pushes software fix after covertly signing up Indians to its payments service – gpgmail

Truecaller, an app that helps users screen robocalls, has rolled out an update to its app in India, its largest market, after a previous software release covertly signed up an unspecified number of users to its payments service. A number of users in India began to complain late Monday that Truecaller, which has amassed over […]