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SUMMARY Chennai-based fintech company Paysharp receives final approval from RBI to act as a payment aggregator The startup, founded in 2019, has raised INR 23 crore in two funding rounds, with the latest valuation at INR 200 crore Paysharp offers flat-rate pricing for merchants, focusing on non-card-based payments like UPI and virtual account solutions The Chennai-based fintech startup has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). The company said in a statement that it received the final approval last month, after obtaining a license in principle in December 2022.…

Following last week exciting announcement—a strategic partnership between The FR And Marcel van Oost—we sat down with Marcel to learn more about his journey in fintech, his unique perspective on the fintech space, and why he decided to partner with The FR through its newsletters “Connecting the dots in FinTech”. The following interview has been edited for length and clarity.Thanks for being here, Marcel! I wonder if you could briefly introduce yourself and tell us how you got started in the fintech world.Absolutely! My name is Marcel van Oost and I am the owner of “Connecting the dots in FinTech”,…

Chennai-based fintech startup Paysharp has received final approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). The approval, which was granted on August 30, 2024, follows a license in principle the company received in December 2022. The final approval places Paysharp among the 36 PAs approved by the RBI, which also includes major players like Razorpay, Cashfree and Stripe. Merchant Integration With the RBI’s permission, Paysharp can now onboard merchants and officially participate in the Indian payment ecosystem. The startup primarily focuses on non-card-based payment solutions, offering services like Unified Payments Interface (UPI) and…

North Korea-linked malicious actors have been responsible for a third of all phishing activity targeting Brazil since 2020, as the country’s emergence as an influential power has attracted the attention of cyber espionage groups. “Actors backed by the North Korean government have targeted the Brazilian government and the Brazilian aerospace, technology, and financial services sectors,” Google’s Mandiant and Threat Analysis Group (TAG) divisions said. said in a joint report released this week. “Similar to targeting interests in other regions, cryptocurrency and fintech companies have come under particular scrutiny, and at least three North Korean groups have targeted Brazilian cryptocurrency and…

Stay informed with free updatesSimply sign up for the Artificial intelligence myFT Digest – delivered straight to your inbox.The three main Western jurisdictions developing artificial intelligence technologies have signed the first legally binding international treaty on the use of AI, as companies fear a patchwork of national regulations could hamper innovation. The United States, EU The United Kingdom and Britain signed the Council of Europe’s convention on artificial intelligence on Thursday, which emphasizes human rights and democratic values ​​in its approach to regulating public and private systems. Other countries continued to sign the pact on Thursday.The convention was developed over…

Funding for Latin American startups increased in the second quarter, driven by a resurgence in late-stage deals. In total, South and Central American companies raised $791 million in seed-to-growth funding in the second quarter of 2024, according to Crunchbase data. That’s a 25% increase from the previous quarter and a 17% increase from the previous year. The recent gains follow an unusually weak first quarter, during which funding to the region hit a multi-year low. And while the latest numbers look stronger, we are still well below the highs reached during a string of records in 2021, as the chart…

Healthcare Financing NewsHow AI is being integrated into operations and clinical decision supportTo reach the end state, healthcare systems need secure, accessible and interoperable data, says Hal, president and CEO of HIMSS….4 hours ago

Dr. Sreenivasan, Director General of Human Resources, IREDA, World Fintech Council, at the inauguration of the Fintech Innovation Centre at the University of Kuala Lumpur on Wednesday. | Photo Credit: KVS Giri Financial technology (Fintech) is creating new job opportunities and projects not just for the financial sector but for every segment, from consumers to financial institutions and new entrants to regulators, said Sreenivasan Poornaiya, board member, Fintech Council Of India (FCI).Addressing students at KL Deemed to be University after the inauguration of a Fintech Innovation Lab set up on campus on July 31 (Wednesday), he said fintech offers many…

Just 1 and a half days away from the highly anticipated Bitcoin HalvingThe crypto community is abuzz with speculation about its potential impact on prices. As the countdown continues and There are less than 250 blocks left to mineCoinify CEO Rikke Staer suggests that it’s possible to “buy the rumor and sell the news” for this halving. However, others believe that this slowdown could signal a recession before a significant price rally.Approaches to Bitcoin HalvingAccording to Coinify CEO, the halving of miner rewards cuts less efficient mining operations in half and could become unprofitable. “These miners could be forced to…

By Adelia Castelino – Co-Founder and CEO, In-Solutions GlobalIndia financial technology The fintech industry, which is currently the third largest in the world, is expected to generate a significant annual revenue of $70 billion by 2030, according to a recent report by Elevation Capital and McKinsey. In the dynamic world of fintech, where technological progress frequently outpaces regulatory frameworkscompliance with ethical standards becomes crucial. This is where corporate governance appears to be an essential factor in guiding companies towards sustainable growth and ethical conduct. Corporate governance frameworks are tasked with establishing transparent channels of communication with regulatory authorities, overseeing compliance…