VARINDIA IT MAGAZINE

BankBazaar.com, India’s leading financial marketplace with 50 million visits per quarter, has raised US$30 million in a funding round led by Experian, the world’s largest credit rating agency and information Management Company. Speaking about the investment, Adhil Shetty, CEO, BankBazaar, said, “Experian is a global leader in credit reporting and information management, and we are very excited to have them on board as a part of our investor group which includes Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International. There is a natural synergy between the world’s largest information management company and one of the fastest-growing fintech companies. The funds from this round will be used to further strengthen our position as the leader in secure paperless access to loans, cards, and mutual funds. Experian will enable us to accelerate towards our vision of paperless access to all financial products.” Read More

Kotak Mahindra Bank and Samsung India have announced expansion of Samsung Pay platform for Kotak’s Visa Credit and Debit Cardholders. According to the company, with this, Kotak customers can now tap and pay using their Samsung smartphones at merchant outlets having card acceptance machines. The company has revealed that the collaboration significantly enhances consumer convenience and gives a fillip to the country’s “Digital India” mission. In addition to Kotak’s other digital payment solutions including UPI, Bharat QR Code, and One Time Fund Transfer on the bank’s mobile banking platform, Samsung Pay will enable Kotak customers to make contactless and cardless payments.... Read More