Tag: Indian Finance News
India Fines Binance $2.25 Million for Anti-Money Laundering Violations
The Monetary Insight Unit (FIU), India’s monetary guard dog, has forced a fine of Rs 18.82 crore (roughly $2.25 million) on Binance, the world’s biggest digital currency trade. This punishment… Continue reading India Fines Binance $2.25 Million for Anti-Money Laundering Violations
BimaPay Secures $2 Million Funding to Revolutionize Insurance Accessibility
BimaPay, a pioneering insurtech company, has secured $2 million (approximately INR 16.7 crore) in a funding round led by LC Nueva Investment Partners. This fresh infusion of capital will empower… Continue reading BimaPay Secures $2 Million Funding to Revolutionize Insurance Accessibility
Zomato Exits Payment Ambitions: Surrenders RBI License and Writes Down Investment
Food delivery giant Zomato has opted to exit the payments space after a brief foray. In a recent regulatory filing, the company announced that its subsidiary, Zomato Payments Private Limited… Continue reading Zomato Exits Payment Ambitions: Surrenders RBI License and Writes Down Investment
