Mastercard is Placing a High-Stakes Bet on India!

What we’ll cover today:

🌍 Mastercard Betting on India!

🚀The Best Way to Grow the Web3 User Base.

💡 Michael Miebach on Digital Economy.

🔗 The Event Roundup.

Mastercard Betting on India!

Mastercard is doubling down on India's fintech boom with a strategic expansion!

• Largest Tech Hub: The unveiling of their most expansive global tech hub in Pune positions Mastercard at the forefront of fintech innovation.

• Dynamic Interview: CNBC-TV18 captures CEO Michael Miebach's enthusiasm about harnessing India's startup vibrancy and broadening credit access.

• Innovation at Scale: The new facility represents a deepened commitment to India, leveraging local talent and ingenuity to cater to global needs, particularly in scaling and cybersecurity.

With 40 years of history in India, Mastercard's latest move is part of a broader plan to integrate deeply with the local fintech scene, supported by government partnerships and a thriving digital economy.

Here’s the whole article

1. The Best Way to Grow the Web3 User Base.

This is a tweet from Marcos Viriato. 

Marcos is the founder and CEO of Parfin io.

In his recent tweet, he talks about the best way to grow the Web3 user base. 

He talks about bringing billions of users from the TradFi market.

Here’s The Whole Tweet

2. Michael Miebach on Digital Economy.

Michael Miebach, Global CEO, Mastercard says the digital economy has grown tremendously in India. He says they are doubling down on India with an investment of $1 bn over the last 5 years.

"Doubling down on our bet on India, we've opened our largest global tech hub in Pune." He adds.

Here’s The Clip From Podcast.

1. Oracle unveils Investigation Hub to transform financial crime management.

Oracle Financial Services, a global leader in providing integrated finance, risk, and compliance solutions, has introduced a new product.

The Oracle Financial Services Crime and Compliance Management Investigation Hub Cloud Service is poised to transform how banks investigate and resolve financial crime cases, leveraging advanced AI to improve speed and accuracy.

2. ClaimSorted raises $3m to revolutionise claims processing with AI-powered platform.

ClaimSorted, a company focused on simplifying claims processing for insurers, has secured $3m in pre-seed funding.

Firstminute Capital led the oversubscribed funding round, which received additional support from YCombinator, Precursor Ventures, and Transpose. According to Tech.eu, prominent founders from the InsurTech industry also participated in the round.

3. Saudi Arabia Fintech Market Size Worth USD 4.3 Billion by 2032.

The financial technology sector in Saudi Arabia is undergoing a remarkable transformation, propelled by a significant push towards digitalisation across various industries. One of the primary catalysts for this expansion is the widespread adoption of digital technologies that streamline and enhance financial services.