UPI has crossed a phenomenal milestone again, this time crossing the $10-trillion mark in transactional values, and 5.95 billion transactions in terms of volume, in May 2022. We are delighted to see the exponential rise of the adoption of UPI, with the pandemic acting as a catalyst in the last two years. Both the volume and value of UPI transactions have skyrocketed in a year's time which is a testimony to the success of UPI in India.

Clix Group (Clix Capital and Clix Finance), a leading non-banking financial services group with a strong pan-India presence, has entered into a strategic partnership with Tezzract Fintech Private Limited, to innovate and bring new-age solutions for lending to MSMEs in India. Under this partnership, Clix aims to lend an additional INR1000 crore to MSMEs by the end of this year.

Utimaco, a leading global provider of IT security solutions, has successfully closed the investment round with its new owner SGT Capital. In a deal first announced in August 2021, SGT Capital’s ownership of Utimaco has since received all necessary regulatory approvals, including clearance from the Committee on Foreign Investment in the United States (CFIUS), the United Kingdom’s Department for Business, Energy & Industrial Strategy, and Germany’s Federal Ministry for Economic Affairs and Climate Protection.

For the first time, Goldman Sachs included cryptocurrency within its annual survey of over 300 CIOs and CFOs in the insurance sector. Collectively, the executives account for nearly $13 trillion of the global insurance industry. Of those, 6% were invested or were considering investing, in cryptocurrencies.

India’s first women-focused financial platform LXME, announces the appointment of Dr. Jasmin B Gupta as co-founder and CEO. A seasoned banker and an astute business leader Ms. Gupta will spearhead the team toward creating India’s first neo-bank for women.

Mercari, which operates a licensed Australian Tier 1 wholesale financial derivatives exchange, has selected METACO, the market-leading provider of digital asset custody orchestration technology to complex, global financial institutions, to launch its institutional digital asset custody operations.

Digimentality 2022: Fear and favouring of digital currency, a new report from Economist Impact commissioned by Crypto.com, provides a gauge of changes in consumer sentiment toward digital currencies and the trend toward a cashless society.

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that 

B2Broker is pleased to announce the addition of new symbols to our cryptocurrency CFD liquidity offer. This boosts the platform's total number of cryptocurrency CFD pairings to 150. FTT, MANA, AAVE, COMP, SNX, APE, QTUM, THETA, KSM, and YFI are among the new currencies. With this development, B2Broker maintains its dominance in delivering a diverse variety of services and instruments to our institutional clients.

PayQuicker, an innovative financial technology leader in the global payouts market, today announced it is partnering with Mastercard to deliver client branded virtual and physical cards including secured bank accounts and mobile wallet functionality, all through a single point of integration.