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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking

Fintech News

Furthermore, Abbot notes that only 100 million of the 360-375 million UPI users are responsible for the majority of payment volume (65%). Introduced in 2016, UPI has become the backbone of digital payments in India, handling over 15 billion transactions monthly.

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Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding

Finovate

Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. At this pace, the digital banking market is expected to reach a market volume of $2.16 ” Established in 1951, Security Bank has deployed Entrust’s Onfido Studio platform.

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Q3 2016 (Mostly) Hits The Target

PYMNTS

million, with payment processing transactions volume seeing 15 percent growth. The cross-border payments firm released its full-year 2016 report this week, and CEO Hank Uberoi highlighted revenue increases across the globe. Amex reported encouraging Q3 2016 results, with a $200 million decrease in segment expenses and revenue at $7.77

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Chargebacks: A Survival Guide

Cardfellow

The burden of proof to show that a customer has been rightfully charged falls on you, and when consumers successfully dispute charges, you lose both the product sold and the revenue from that sale. Effective from the end of August 2016 until April 2018, businesses were not liable for fraudulent counterfeit Amex transactions under $25.

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Legacy Tech Still Plagues 95% of Asia Pacific Banks, Slowing Down Modernisation

Fintech News

From Singapores Smart Nation initiative to Australias Consumer Data Right (CDR) and Indonesias open banking ambitions, governments across the region are actively promoting digital transformation within the financial sector. This gets crucial when one thinks of financial institutions managing high-volume, mission-critical transactions.

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The Full List of Fintech Unicorns in Asia (2025)

Fintech News

billion payments Advance Intelligence Group Valuation: $2 billion Founded in 2016, Advance Intelligence Group is the parent company of Atome Financial, ADVANCE.AI, and Ginee. The companys ecosystem leverages AI-driven, credit-enabled solutions to empower businesses and consumers alike. billion insurtech Matrixport 1.05

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China’s Connected Consumers Opt For Omnichannel

PYMNTS

Consumers in China helped online retail giant Alibaba set new records for its annual Singles’ Day shopping bonanza earlier this month, earning an estimated $17.8 billion in gross merchandise volume — just more than a 32 percent increase over last year’s figures. The report data solidifies China’s dominance in mobile shopping — 22.3