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March 2, 2024

Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.

In this edition,

Paytm Payments Bank says no FEMA violations, it doesn’t have foreign remittances licence : Paytm Payments Bank denies violating FEMA due to lack of license for outward foreign remittances, despite Enforcement Directorate’s request to RBI for verification, as details is being seek on FEMA-violating companies and individuals

EU adopts Euro Instant Payments Rules : The European Union has introduced rules enabling instant euro payments round-the-clock, aiming to boost competition against US Visa and Mastercard, and improve the EU’s economic and financial sector’s strategic autonomy.

About 59% merchants still use Paytm despite RBI action : A Datum Intelligence survey shows 59% of merchants continue using Paytm despite RBI’s actions on its payments bank unit. The majority use PhonePe (41%), GooglePay (33%), and BharatPe (18%), with 39% using Paytm Soundbox and 5% taking loans.


6th Cohort Professional Certificate Training in Financial Technology(FinTech) and Innovations : From June 19-20, this training is expected to power a new group of individuals and companies in FinTech Innovations through knowledge & skills set training at the Kofi Annan ICT Centre, Accra-Ghana & Online. Click here to register 


Top Tech Award 2024 : This award event aims to honor remarkable achievements of the fintech innovation community with diverse categories in Africa, MENA, and Asia on November 3, 2024. Evaluated by industry experts, applications ends June 2.


Govt to set up Fintech Innovation Fund : Ghana’s government plans to establish a FinTech Innovation Fund to support start-ups in driving the country’s digital revolution, to improve productivity and connectivity through fintech startups and SMEs. The initiative will be held at the 3i Africa Summit, attracting government, businesses, policy-makers, academia, investors, and thought leaders to unlock Africa’s full potential in fintech and digital economy.

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