Prabhu Rangarajan

Unlocking Growth: Avoid Costly Purpose Code Errors Inward remittance with a small mistake on the RBI purpose codes can often be that invisible hurdle your payments keep getting stuck against. This is how smarter choices can turn the narrative. 🔻Ditch the Misclassifications Using a wrong purpose code might trigger delays and compliance hassles. 🔻Avoid Rejected Transactions Wrong codes result in rejections, and your money meets unnecessary roadblocks. 🔻Compliance Risk Cover Wrong codes flag off regulatory concerns, and may even invite penalties. Correct codes make sure your remittance is smooth and compliant. Ready to ease your remittance journey? Find out how Infinity(YC W24) makes your inward remittance smooth and the purpose code right. Discover smart cross-border money management practices: www.infinityapp.in #infinity #RBIregulations #Purposecodes #Inwardremittance #Financial #Businessfinance #Crossborderpayments

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The Bharat Bill Payment System (BBPS) is revolutionizing the way we manage payments in the fintech world! 🚀 🔑 Here’s how BBPS empowers the fintech sector: ✔️ Seamless digital payment infrastructure ✔️ Expanding financial inclusion to underserved areas ✔️ Driving interoperability and customer convenience ✔️ Secure, real-time transactions fostering trust ✔️ Enabling innovative, customer-centric solutions For fintech businesses, BBPS isn’t just a payment platform—it’s an opportunity to create value, strengthen partnerships, and drive growth. 🌟 Let’s leverage BBPS to simplify payments and accelerate India’s digital transformation! 🌐 #sunrisepay #utilitysolutions #bbps #aeps #paymentsolutions #creditcardpayments #paymentgateways #businessefficiency #merchantservices #marketing #founders #upi #payments #india #linkedIncommunity #networking #connections #reachout #connect

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Merchants can implement several effective strategies to prevent card failures Debasish Das Ramakant Das Praveen Solanki iServeU Picxele™ Trukky FastFlowPe™ #bluSwap #FastFlowPe #PaymentGateway #CardDecline #CardFailure #Tips

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Look no further than TMHCR for India and Europe High Risk Payment Collection !! #payments #digitalassets #globalliquidity #financialinnovation #openbanking #realtimepayments #digitalpayments #fintech #globalpayments #wholesale #bsales #tech #trading #investing #binarytrades #crossborderpayments #virtualaccounts

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Explore a comprehensive & insightful panel discussion on how payments are unlocking digital acquisition and business expansion, with Amit Tyagi the Head of Fintech in NPCI Bharat BillPay (NBBL). Be there at the Payments Reloaded 2024 to experience a networking event like no other. Noopur Chaturvedi #IndustryLeaders #Innovation #DigitalTransformation

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Weekly #Fintech news updates 1. Yet another Touch 'n Go Group partnership Curlec by Razorpay integrates with Touch 'n Go Group eWallet to give SMEs and unbanked individuals in rural areas access to financial services. This group can now pay recurring subscriptions such as gym memberships and streaming services without debit or credit cards. 2. Swift launches new tracking update with #ISO20022 The global messaging network has unveiled a new cross-border solution that will streamline data tracking in cross-border payments for corporates. Separately, it has also launched AI-based pilots with its counterparts to combat cross-border payment fraud. 3. More QR joy for Visa cardholders in #Vietnam Visa cardholders can pay using QR codes via MoMo, VNPAY and ZaloPay eWallets in Vietnam, thanks to a new partnership between 1 of the biggest payment providers in the world and the 3 leading Vietnamese wallets. Follow us or visit our website >>> www.tranglo.com <<< #weeklynews #updates #payments #crossborderpayments #Tranglo #remittance

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Fintechs like Stable Money, super.money, and MobiKwik are now offering fixed deposits with interest rates up to 9.5%, partnering with small finance banks, NBFCs, and commercial banks. This marks fintechs' first foray into FDs, tapping into secure investment options. https://mybs.in/2dbDK6Z

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Supermoney (GetClarity Fintech Services Pvt Ltd), the SME-focused digital lending platform, has successfully raised $3.4 million (INR 28.6 Crores) in Series A funding from Capital 2B and Capria Ventures! 🎉 This significant investment will accelerate Supermoney's growth trajectory, increasing disbursement volumes and leveraging technology to optimize operations. Founded in 2018, Supermoney has forged strong partnerships across sectors like electronics, pharmaceuticals, steel, and automotive, providing customized supply chain finance solutions to enterprise partners. With this new funding, Supermoney is set to tap into the $800-billion market opportunity, expanding reach to 500,000 MSMEs within the next two years and driving invoicing volumes above $5 billion. Currently, Supermoney operates in 40+ locations, serving over 30,000 customers with 50+ anchors and 500+ distributors across India. Nikhil Banerjee #Supermoney #Funding #SeriesA #DigitalLending #SMEs #SupplyChainFinance #TechInnovation #Growth #Investment #Startups #India #Finance #BusinessGrowth https://lnkd.in/gDbzudWs

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Bharat Bill Payment System (BBPS) is making bill payments easier and more efficient for everyone! Learn how the platform benefits both customers and billers, contributing to a more inclusive financial ecosystem. Noopur Chaturvedi #BBPS #BillPayments #DigitalPayments #PressRelease

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"From strengthening KYC norms to scrutiny around offline payment aggregation, the offerings for Payment Aggregators have always been complementary," our Founder and CEO Rohit Taneja said in an interview with ETBFSI. The recent PA guidelines apply to all physical point-of-sale services (PoS). They must notify RBI of their intent to seek authorisation within 60 days and get the required approval to continue their operations. While the banks have been asked to close accounts that are used for non-bank PA activity after the deadline, this truly reflects the evolving dynamics of India's payment landscape. Hop on to the link below to read the whole article and detailed insight into our Founders' take on the same: https://lnkd.in/gNJsu-NA #rbi #paymentaggregator #kyc #pa #fintech #payments #banking #onboarding

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#Payments grab largest fintech investment pie in H1'24 at $21.4 billion Total global investment in fintech fell from $62.3 billion across 2,287 deals in H2'23 to $51.9 billion across 2,255 deals in H1'24. #FintechInvestment #GlobalFintech #PaymentsIndustry #FintechGrowth #InvestmentTrends #H124Investments #FinancialInnovation #FintechDeals https://lnkd.in/gntUMN6B

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FinTech Funding October 2024: Total $199 mln raised by Indian FinTechs In October 2024, India’s fintech funding fell sharply to USD 199.4 million from just four rounds, continuing a declining trend from August’s USD 507.8 million and September’s USD 230 million, according to 1Lattice data. Although, the October 2024 funding remains almost the double compared to the previous year in the same month. This funding slump reflects global investor caution and adds to the sector's recent volatility. Story by Shrishti Sharma #FinTechFunding #InvestorTrends #IndiaFinTech #Funding #GlobalMarket #IndiaFunding #trends #Growth #Investment #fintech #etbfsi https://lnkd.in/gEvMMtUw

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Recent research from our private investment analysis platform, #DealPulse by 1Lattice sheds light on the shifting dynamics of fintech investments in India. Our analysis indicates that October 2024 saw a sharp decline in fintech funding, falling to US$ 199.4M from just four continuing a downward trend from US$ 507.8M in August and US$ 230M in September. Standing out amidst these shifts, Finova Capital secured an impressive US$ 135M in Series E funding from Avataar Venture Partners, Sofina, Madison India Capital, and Norwest Venture Partners. Read the full story featured in The Economic Times here: https://lnkd.in/gEvMMtUw Story credits: Shrishti Sharma | ETBFSI Discover the advantages of #DealPulse and unlock opportunities in the ever-evolving fintech landscape. Reach out to us to get in-depth, data-driven insights for your business: https://lnkd.in/gx76f9bS #EnablingBetterDecisions Amar Choudhary Hitesh Gossain Abhishek Maiti Ashish Dhir Abhilasha Jaju Praneet Singhal Devmalya Mukherjee Sanjay Sachdeva

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FinTech Funding July 2024: Total $139 mln raised by Indian FinTechs While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has witnessed a significant decline in the amount raised in the month of July, contrary to the substantial increase in the previous month. Story by Anushka Sengupta #FinTechFunding #July2024 #IndianFinTech #StartupFunding #TechInvestments #EarlyStageFunding #LateStageFunding https://lnkd.in/ggjWPHHz

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Digital payments are not the future—they are the present. 💸 Hear from Vijay Shekhar Sharma of Paytm on how India is embracing innovation faster than ever before! Rathnakar Samavedam #digitalindia #fintechrevolution #Paytm #innovation

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