Morgan Stanley Expansion Capital has acquired a stake in the UK-based payments firm Sokin, marking a new chapter for the rapidly growing fintech company. This investment will provide significant capital to accelerate Sokin's product development and global expansion.  Despite the acquisition, Sokin will continue to operate independently, with the current...

The Reserve Bank of India (RBI) has tightened the rules related to cash pay-out service at banks and has asked them to obtain KYC details of remitters and beneficiaries.  "There has been significant increase in the availability of banking outlets, developments in payment systems for funds transfers, and ease in...

Fintech startup Multipl has raised $1.5 million in a funding round led by Blume Ventures and MIXI Global Investments. The company plans to use these funds to enhance its platform and introduce new features. Founded in 2020 by Padmanabhan Raghavan, Jagannathan Raghavan, and Vikas Jain, Multipl rewards users for investing...

TechFini, a Mumbai-based fintech startup, has secured final approval from the National Payments Corporation of India (NPCI) to operate as a Unified Payments Interface (UPI)-based payment infrastructure provider.  This approval will allow TechFini to serve as a UPI issuer 2.0, UPI acquirer 2.0, and issuer and acquirer of credit lines...

FlixBus, a global leader in affordable and sustainable travel, has announced a strategic partnership with Paytm, a leading payments and financial services distribution company. This collaboration aims to revolutionize intercity bus travel in India by making FlixBus tickets available directly through the Paytm app, enhancing convenience and accessibility for Indian...