India

The value of mobile wallet payments doubled from 2018 to 2022.

Credit costs have also been at a low 0.1% to 0.2% since March 2019.

The bank reported inaccurate credit information for several expired credit cards.

The Indian NBFC may be facing money laundering investigations.

Net profit fell much lower than anticipated by analysts.

The platform is powered by Morningstar.

It has serviced over 11 million customers as of end-2022.

The fintech company is still awaiting approval from the Government of India (GoI).

The companies have manageable exposure to these banks.

He reports to Tushar Vikram and Rajat Madhok.

Approximately 3,200 Citi employees have been transferred.

Rising consumer spending will rally the market to extend 2022’s growth.

UPI registered a 75.9% growth in 2022.

RuPay JCB cardholders are eligible for a 40% cashback on select international transactions.

Eexposure is less than 1% of banks’ total loans, the ratings agency estimates.

The card payments market value grew 26.7% in 2022, according to estimates.