Fintech News Bytes

:tada: Tap to pay with CRED is here :point_right: tap to pay with CRED

They’re also getting on the BNPL train :exploding_head:

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Yeah, not available on iOS. “tap to pay is supported only on android devices that have NFC enabled.” :smiling_face_with_tear:

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Bank employees are soon likely to get 2 days of weekly offs, as the Indian Banks Association (IBA) is said to be considering bank unions’ demand for a five-day work week.

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I personally feel its not good. The productivity is already low . They are copying USA , but peeps in USA are much more productive than us.

India’s leading private bank, HDFC has launched Swipe to Pay feature for PayzApp Wallet. New PayzApp comes with a Prepaid Card and UPI & Bill Payments etc Features.

It works like onecard’s otpless singleclick payment.

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Just like in onecard

How do you got access to new payzapp?

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Seems like they are rolling out slowly. Probably you also will get with in a week.

“At a time when CRED is gradually stepping into new verticals to find a way into the black, there are many challenges lurking in the shadows for the fintech unicorn. The launch of BNPL and tap-to-pay for credit cards is a step towards shoring up revenue, but there’s plenty of challenges and stiff competition for CRED in this segment, despite its bullishness.”

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@Binoy This is a good read :blob_thanks:
Did you try CRED Cash yet?

Breaking: US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008.

Silicon Valley Bank was one of the largest bank in the U.S. :face_with_peeking_eye:

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I have tried Cred’s UI and compared it with the UI for Indmoney. Selecting a specific amount in Cred is a challenge. Indmoney allows you to edit the amount. Also, both the platforms offer longer payment terms.

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This news is a little unnerving especially because of the way the entire episode played out.

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What I found while scrolling Tweeter…

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• Jupiter recorded Rs 21 crore and Rs 42 lakh operating revenue.
• Jupiter’s expenses jumped 7X to Rs 183 crore during FY22.
• Jupiter’s losses inclined 11X to Rs 163.9 crore in FY22.
• Jupiter spent Rs 435.7 to earn a rupee of operating income the same during the period.

https://entrackr.com/2023/03/open-fi-and-jupiter-indias-neo-banking-space-in-fy22/

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Jupiter stop bleeding.

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Govt. Bank employees are already doing chil more than half working hours :sweat_smile:

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After OTP verification turn off internet connection, then allow all permission and then select the sim then turn on internet and validate sim card… Then link yr pan done’

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In early i saw same swipe payment system :roll_eyes: but i forgot the app name

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UPI isn’t Free

While the UPI is a convenient and widely used digital payment platform in India, it is important to note that it is not entirely free. In fact, the government incurred a subsidy cost of Rs. 1,044 crore in the FY2022 to enable zero charges for processing UPI transactions. This means that while consumers do not have to pay a direct fee for using UPI, there are costs involved in facilitating these transactions that are being borne by the government.

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