Yes Bank-UDMA Technologies launches digital wallet Yuva Pay
The programme would be rolled out to 6,200 gram panchayats covering 12 million households across 29,000 villages in the second phase.
Great Learning launches SaaS-based digital campus solution
The platform will allow universities to schedule online and classroom sessions and offers administration management for course and batch planning, tracking attendance and preparing certificates.
At 1.34 billion, UPI transactions in June beat Feb's
UPI transactions had dipped to under a billion in April - the first time since October 2019 - due to the lockdown, and later started growing in May, signalling recovery.
Angel investments in healthcare startups up 3x in Q2 of 2020
The Indian healthcare industry has been backing digital technologies to foster an ecosystem for affordable, preventive healthcare for the first line of defence.
Concerns over transactions on third party apps like GPay can be redressed: NPCI
The NPCI said that "malicious news" is floating on social media which suggests that transferring money through Google Pay is not protected by the law, since the app is unauthorised.
Medical cover sales turn lifeline for online insurance firms
Startups introduce health insurance covers for retail and group customers, tilting the overall segment mix towards this category.
HR-tech startup, iXceed forays into digital marketing services
iXceed said it is looking to help a organizations new and old, which want to expand in the Europe-India corridor.
PayU appoints Shantanu Preetam as CTO
Preetam has an experience of over 23 years in building software products and driving digital transformation strategy.
Industry mourns passing of Qyuki co-founder Samir Bangara
The 46-year-old entrepreneur shot into prominence after engineering the sale of Indiagames to Disney.
Digital credit ledger, Khatabook, raises Rs 454 crore
Khatabook claims to have reached over 8 million active merchants across 11 languages in less than a year.
Infibeam Avenues acquires Cardpay Technologies
The acquisition makes Infibeam the only Indian player with a complete suite of payments acquiring and payments Issuing products, present on both side of digital payment transaction, the company claimed.
Munich Re may lead $70 million round in Acko
Other existing investors, such as Amazon, former SoftBank executive Kabir Misra's RPS Ventures and Intact Ventures, will likely participate in the ongoing fundraising, as per sources.
PE deals drop 40% in first 6 months of 2020
The plunge in PE investments in 2020 follow a record breaking calendar year 2019, which witnessed more than 1,000 PE and venture capital (VC) transactions valued at $45 billion, the highest in the last decade.
Udaan sees a big take-off from small cities
The comeback is also in part due to the collapse of offline B2B retail channels in the country, hurt by travel and access restrictions due to the pandemic.
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