Articles
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3 weeks ago |
ibsintelligence.com | Gloria Methri
Flipkart secures NBFC license, becomes first eCommerce lender in IndiaFlipkart has received an NBFC licence from the Reserve Bank of India (RBI), making it the first Indian eCommerce player to gain regulatory approval for direct lending. The RBI’s nod, granted to Flipkart’s wholly-owned subsidiary—Flipkart Financial Services—marks a strategic pivot for the Walmart-backed retail giant as it enters the FinTech space with greater autonomy.
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3 weeks ago |
ibsintelligence.com | Gloria Methri
Nigerian FinTech Moniepoint Inc. has secured regulatory approval to acquire a 78% stake in Kenya’s Sumac Microfinance Bank Limited, marking a strategic foray into East Africa’s dynamic financial services landscape. Approved by the Competition Authority of Kenya (CAK), the acquisition underscores a growing trend among African FinTechs to expand cross-border, driven by digital transformation and financial inclusion goals.
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3 weeks ago |
ibsintelligence.com | Gloria Methri
A striking 77% of FinTech firms are preparing to enter new markets in the coming years, according to a newly released report by Endava, the technology-led business transformation company. Titled “Powering Growth in the Global Payments Race”, the study reveals how FinTechs across EMEA, APAC, and the Americas are balancing their global ambitions with the practicalities of building modern payments infrastructure.
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3 weeks ago |
finance.einnews.com | Gloria Methri
Al Ansari Financial Services expands to India with new tech centre By Gloria Methri Today AAFS Al Ansari Exchange Al Ansari Financial Services Al Ansari Financial Services PJSC, the UAE-based non-banking financial services provider, has launched its new business solutions centre, Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), in Hyderabad, India. The new centre, which represents a strategic expansion for the Group, will serve as a hub for business transformation,...
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3 weeks ago |
ibsintelligence.com | Gloria Methri
Al Ansari Financial Services expands to India with new tech centreAl Ansari Financial Services PJSC, the UAE-based non-banking financial services provider, has launched its new business solutions centre, Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), in Hyderabad, India.
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