article thumbnail

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.

article thumbnail

The Full List of Fintech Unicorns in Asia (2025)

Fintech News

The city is home to four fintech unicorns in Asia: HashKey Group, WeLab, Micro Connect, and ZA Group, each pushing the boundaries of digital finance in unique ways. The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. billion insurtech Matrixport 1.05 billion payments Coda 2.5

FinTech 138
article thumbnail

Adyen opts for build over buy

Payments Dive

It absorbed Clover as part of its 2019 mega-deal to buy First Data, which had purchased Clover in 2012. Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. You can unsubscribe at anytime. Adyen processed $1.4

Privacy 107
article thumbnail

Beyond the Firewall: Rethinking Payment Data Security

Finextra

From Niche to Necessity While tokenisation is already well established in card payment systems, its adoption for bank account data is only just beginning. Rising fraud, evolving cyber threats, and increasing expectations from partners and regulators are all pushing tokenisation from a niche solution to a best-practice standard.

article thumbnail

5 Tales from the Crypto: Partnerships, Payments, and Blockchain Pilot Projects

Finovate

Also this week, Crypto.com announced that it would expand its offering to include banking services, credit cards, and stock trading. Also this week, Crypto.com announced that it would expand its offering to include banking services, credit cards, and stock trading. and South Korea by Q2 of next year. and South Korea by Q2 of next year.

article thumbnail

Transcard Brings its Payment Orchestration Capabilities to Canada

Finovate

The company will also introduce real-time payment options including the Interac payment rail, virtual card capabilities, and push to debit. Transcard was founded in 2012 and debuted a payments disbursement capability, Panuver , at FinovateSpring 2016. Tennessee-based Transcard is expanding to Canada.

article thumbnail

Deep Dive: How Shift4 Is Building a Global Commerce Platform

Finextra

Company Background and Evolution Shift4’s journey began in 1999, when 16-year-old Jared Isaacman started a tiny payment processing business (then called United Bank Card ) out of his parents’ basement. base, the company is positioning itself as a serious challenger to payment incumbents worldwide.