It may not be a cakewalk for mobile wallet firms, warn panellists at Techcircle forum

Following the introduction of unified payments interface (UPI)—that empowers users to initiate payment requests from a smartphone without using credit or debit card and internet banking—by the Reserve Bank of India (RBI), mobile wallet firms have to collaborate with banks to remain relevant and ...

Disha Sharma

Fintech startup TranServ raises $15M from IDFC fund, Micromax

Digital payments firm TranServ Pvt Ltd has raised $15 million (Rs 100 crore) in its Series C round of investment led by venture capital fund IDFC SPICE and consumer electronics maker Micromax Informatics Ltd. Existing investors Nirvana Venture Advisors and Faering Capital India Evolving Fund also pa...

Nandana Das

Prepaid payments programme manager TranServ raises funding from Nirvana Venture Advisors

Mumbai-based TranServ Private Limited, a prepaid payments programme manager, has raised capital from Nirvana Venture Advisors Private Limited. As part of the deal Amit Patni, chairman of Nirvana Venture Advisors and Rajan Mehra, managing director of Nirvana Venture Advisors will join TranServ’s b...