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🚀 Did you know? UPI closed 2023 on a record-breaking note, hitting a new peak with over 1,200 crore transactions in December, valued at Rs. 18 Lakh crore! 📈 That's a slight bump from the already soaring Rs. 17.4 Lakh crore in November. In the year, UPI processed a whopping 11,765 transactions, amounting to Rs. 182.2 Lakh crore—marking a stellar 59% rise in volume and a robust 45% surge in value compared to 2022. 💼✨ Embracing the digital wave, UPI is redefining the landscape of financial transactions! 💳🌐 Stay tuned for more fintech updates! #fintechrevolution #upi #digitalpayments #paymentsolutions #paytring

Hello CxOs, Here is your Daily Business News Brief, brought to you by LinkCxO (The CxO Community App) News Team. Here are Today's Business Headlines, ☑️GIFT Nifty registers record single-day trade worth $16.76 bn ☑️ Reliance gains on 'overweight' tag from JP Morgan with 17% upside ☑️ Societe General downgrades India equities to neutral from overweight ☑️ Fintech unicorn Mobikwik selects banks for IPO ☑️Auto index rides on record festive sales to hit all-time high of 39,775 ☑️ RBI risk weight norms on consumer loans could impact NBFCs: U GRO Capital’s Lodha ☑️ Exclusive: Finance ministry may assume nominal GDP growth at 11% for FY25 ☑️ Lentra digital lending summit 2023 explores strategies for holistic economic growth by bridging the credit gap For details on LinkCxO, rewards, and benefits, visit https://www.linkcxo.com/ #nifty #reliance #equities #fintech #autoindex #rbi #gdp #lentra #linkcxo Gyanesh Kumar Hema Gupta ExoTalent Consultancy Services LLP LinkCxO (The CxO's Marketplace)

#FinTech’s Long March - As aptly summed up by DLAI Board member Alok Mittal ‘The Right of FinTech to exist is in Innovation’ while Jatinder HANDOO, CEO DLAI highlights fintech firms’ efforts to embed principles of client protection, customer centricity and regulation into products and process offerings to foster market stability and responsible marketing conduct. #DLAI continues to represent the sectoral voice with elements to responsible market conduct to foster a dynamic fintech ecosystem in India. Anurag Jain Siddharth Mahanot Manish Lunia Shivashish Chatterjee #IndiaFinTechTribe #FinTech4FI

🌟 Exciting Discussion Alert! 🌟 Mrudul Dadhich, Head of Legal at Perfios, moderated an engaging panel discussion at the Bharat Fintech Summit. The topic of the discussion, 'Unveiling the Future: Market Initiatives and Regulations Reshaping Digital Payments in India,' was particularly pertinent given the dynamic nature of the digital payments landscape in the country. 📈 The esteemed panelists which included GPJ Gupta - Head-Tech Program Management and Process Innovation & Transformation Aditya Birla Capital, Suresh Rajagopalan - Chief Executive Officer Wibmo, Tanya Naik - Head-Online Business Plural by Pine Labs and Priyanka Kanwar - Co-founder & CEO, Falcon, delved into various aspects of digital payments in India, including market trends, anticipated innovations, and regulatory challenges. 🛡️A key takeaway from the discussion was the importance of finding the sweet spot between innovation and compliance. Innovation drives inclusion, but regulatory adherence from inception is crucial. 💼 The panel also highlighted how frameworks like the DPDP Act are shaping the future of digital payments. Overall, the panel, led by Mrudul, provided valuable perspectives on the future of digital payments in India and the regulatory landscape shaping it. 🔥 #DPDPAct #Payments #Fintechs #innovation

At the FE Modern BFSI Summit, Anuradha Ramachandran, Managing Partner at TVS Capital Funds, shared her insightful views on the rapid digitisation in the financial services space. Discussing the firm’s investment focus, she noted, “In our third fund, there are technology bets and there are about six companies which are financial services companies that are tech enabled. For us, it is important that everyone needs to have tech at the backend, else a few metrics don't work out. These include turnaround time, among others.” "We continue to look at financial services. From our new fund, which is roughly ₹4,000 crore in size, we will deploy about ₹2,500–3,000 crore in financial services. Much of it will go to people who bring service to last-mile customers and smaller merchants," she added. Watch the full discussion here: https://lnkd.in/dPRzhwYQ

#paytm shares are down by 20% due to #RBI circular stating that they cannot accept deposits or operate as a bank without a license. Scenario 1 : #Paytm can look for a potential merger with a bank or a third party. In such a scenario, one party could provide regulatory support and another can make available its large user base and digital platform. Share prices will reverse if any reputed private or PSU bank can play along. Scenario 2: Share prices keep falling and users exit from the platform to safeguard their hard-earned money. #Paytm gets devalued badly and becomes a candidate of hostile takeover for someone who is waiting for this to happen. The way out of this situation can either be a merger or acquisition. M&A's can be dramatic sometimes! Update - Morgan Stanley purchased 0.8% in Paytm from open market. Here's the link, https://lnkd.in/dgDmw4Cy Would like to see any more ideas on this. No reco #paytm #rbi #fintech #regulation #banking

Wrapping up a successful Day 2 at the Bharat Fintech Summit 2024! The Nelito team continued to engage in valuable discussions and networking. It was a day filled with insightful conversations, as we explored the impact of digital transformation on the BFSI sector. We appreciate everyone who visited our booth and contributed to the meaningful exchange of ideas. Thank you, Bharat Fintech Summit, for providing a platform for these connections. Looking forward to translating these discussions into innovative solutions for the future of finance. Stay tuned for more updates on Nelito's journey! #BharatFintechSummit #nelitosystems #thedigitalfifth #Networking #Fintech #DigitalTransformation #BFSI #Innovation

BHMI has been a proven software solutions provider in the payments industry for decades. Recently, BHMI has been sharing its knowledge and expertise in articles covering a wide range of important topics. These articles are by BHMI team members including Cheryl Fitzgarrald, MBA, PMP, PMI-ACP, Donna Blum, Jon Protaskey, Kate Knudsen, and Michael Meeks. They also include insights from other industry experts such as Anthony Serio of Serio Payments Consulting, Barry Tooker of TransactionBanker.com, Joyce Mehlman of iLEX Consulting Group, LLC, and Marcia Klingensmith of FinTech Consulting, LLC. You can see these articles in leading payments publications such as BAI Banking Strategies, The Green Sheet, PaymentsJournal, and PaymentsNext. A list of these articles can be found at https://lnkd.in/g9jy7NGa #payments #paymentsindustry #paymentsnews #fintech #fintechnews #paytech #paymentsinnovation #paymentsprocessing #paymentssoftware

We are elated to welcome B.G. Mahesh, Co-Founder, Sahamati - driving Open Finance with Account Aggregator to speak at Bharat Fintech Summit 2024. Dont miss out, Get your passes here: https://lnkd.in/dn4Q9pFM He will be conducting a speaker session on "Revolutionizing Consented Data Sharing in India: The Journey of Account Aggregators" Key points: ➡ Tracing the evolution and impact of the Account Aggregator framework in India. ➡ Discussing the role of consented data sharing in financial inclusion and privacy. ➡ Exploring the challenges and opportunities in the Account Aggregator ecosystem. ➡ Future prospects and innovations in data sharing through Account Aggregators Listen to B.G. Mahesh and other industry experts (250+) discussing key topics impacting the Fintech and BFSI industry. Grab your passes here: https://lnkd.in/dn4Q9pFM Theme: Digitization | Innovation | Globalization | Inclusion 🗓 7ᵗʰ to 8ᵗʰ February, 2024 📍 JW Marriott-Sahar, Mumbai Sameer Singh Jaini Shashank Shekhar Sreekant Rudrabhatla Vikrant Kulkarni Deepak Sai Parth Prajapati #AccountAggregators #DataSharing #FinancialInclusion #ConsentedData #Privacy #DigitalIndia #FintechRevolution #DataEconomy #InnovationInFinance #RegTech #DigitalTransformation #IndiaTech #FinancialServices #PrivacyMatters #FutureTech #DataSecurity #RegulatoryFramework #TechInnovation #DigitalInnovation #DataConsent

Being recognized among the top performers in our field is not just a badge of honor. It’s a promise to continue pushing boundaries, delivering unparalleled quality, and striving for even greater achievements. 🎆 For another time in a row, JuicyScore has been ranked as the top B2B SaaS vendor list by the Digital Fifth, India’s first Fintech consulting and advisory firm for financial insitutions. Once again, we proved ourselves as trustworthy and valuable service providers across India. 🇮🇳 #riskmanagement #digitallending #fintech #lending #India