ICICI Bank blocks transactions through Flipkart’s PhonePe as turf war looms

For-ICICI-Story_Shah-Junaid_feIn what is a sign of rising competition between large banks and digital wallets over grabbing the retail payment pie, India’s largest private bank, ICICI Bank, has blocked payments by its customers on Flipkart-owned digital wallet PhonePe, citing “security-related” concerns. In an emailed response to Techcircle, an ICICI Bank spokesperson said that it has raised […]

Read more

Exclusive: The sort of Indian fintech startups Orange Growth Partners is looking to invest in

For-Fintech-Orange-Story-TC_ThinkstockPhotos-544970538Amsterdam-headquartered fintech investment firm Orange Growth Capital is setting foot in India. The three-year-old venture capital firm, which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. Operating out of Singapore in Asia, the firm has already entered Malaysia, Indonesia and Vietnam and will make investments in […]

Read more