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The Journey of Payments and Clearing Systems in India

Finextra

Indigenous Banking (Shroffs and Mahajans): Long before modern banks, India had a thriving indigenous banking system. Moneylenders, traders, and Shroffs (money changers and bankers) facilitated credit and remittances. They were crucial for financing trade routes within India and internationally.

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Finovate Global: Boku’s Stuart Neal Talks About Local Payment Methods, EPI, and More!

Finovate

Founded in 2008, Boku is headquartered in London. By competing with global giants, EPI is pushing Europe toward a more integrated, efficient, and competitive payment system. This is the payments landscape in the UK and EU in 2025. Local Payment Methods (LPMs) have proliferated around the world over the past decade.

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Regulatory Overhaul: Fintechs, Fraud Experts and MPs Weigh In on PSR Axe

The Fintech Times

As the government pushes its broader economic agenda, the question remains: does this decision streamline regulation or create new risks for the payments industry? A push for simplification The PSR, which oversees payment systems including Faster Payments and Mastercard , will have its functions largely absorbed by the FCA.

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Top 10 Most Funded Fintech in India For 2025

Fintech News

Billion Based in New Delhi and operating since 2008, DMI Finance is not your typical consumer-facing fintech brand. The firm raised USD $334 million in 2024 from investors including MUFG and Sumitomo Mitsui, pushing its total funding above USD $1.13 They can either have reached unicorn status or not. billion prior to its IPO.

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6 takeaways from the Senate’s crypto market structure hearing

Payments Dive

Mersinger noted that regulating the industry with the laws already in place has “created ambiguity,” thus limiting innovation and pushing changemakers to other jurisdictions with clearer crypto rules. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime.

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Mastercard’s Incoming CEO’s Take On The Future Of Payments

PYMNTS

Haythornthwaite has served as chairman since May 2006 and Banga has served as CEO since 2008 — when he took over the helm shortly after the onset of the financial crisis. The goal for Mastercard going forward is figuring out how to expand its reach worldwide and into places that card products haven’t been — and may never go.

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Adapt To Faster Payments With Enterprise Fraud Prevention

PYMNTS

ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2008 and then to £59.7