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Indian digital wallet MobiKwik has secured a deal with South African mobile payments firm Net1 that will see it receive $40m over two years as a strategic investment.
InCred, an Indian alternative lender has raised $75m in the largest round for an Indian FinTech startup so far this year.
Enterprise software provider Speridian Technologies has acquired a majority stake in FinTech company Sesame Software, specialised in banking solutions.
Peer-to-peer lending firm Faircent says it’s attracted more than 6,000 registered lenders and 26,000 borrowers.
Union Bank of India is launching a mobile app designed to let customers control their credit card usage.
CloudPay is partnering with Indian enterprise software maker Ramco Systems to bring cloud-based payroll systems to more multinational organisations.