Eyeing the tap-and-pay space, Fino Payments Bank promoter Fino Paytech Monday has invested an undisclosed sum in Citycash.
It did not disclose the stake it will be getting either but said that the two will design an ecosystem for payments.
Fino will be the issuance and settlement institution of the prepaid payment instrument and Citycash will offer its cashless payments technology and micro-payment merchant acquisition, an official statement said.
*********************** ICICI Pru AMC launches voice-enabled investment chat bot *
ICICI Prudential asset management company Monday launched a voice-enabled investment chat bot.
The service is powered by Google voice capabilities and has been designed to undertake a slew of transactions, including assisting an investor to invest, an official statement said.
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*********************** SIS acquires 51% stake in Uniq Security Services *
Security firm SIS Monday said it has acquired a 51 per cent stake in Uniq Security Services, for an undisclosed sum.
Uniq has a substantial market share in south India, especially the Bengaluru-Karnataka market, an official statement said.
This is SIS' third acquisition in last six months and is aimed at gaining market share in key geographies, it said.
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