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UPI with Credit Card soon💸, upGrad 🤝🏻Harappa Education, 55k metaverse-based jobs on offer🧑🏻💻
Linking Of UPI With Credit Card, upGrad acquires Harappa Education, Demand for techies with metaverse skills, Funding Deals & more.
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Linking Of UPI With Credit Card Likely To Begin In Two Months: NPCI CEO💸
The National Payments Corporation of India (NPCI) is likely to operationalise the linking of RuPay credit cards with the Unified Payments Interface (UPI) in the next two months.
“We are hoping that the RuPay credit card linking to UPI should get operationalised in couple of months’ time. We are talking to BoB Cards, SBI Cards, Axis Bank, and Union Bank of India,” NPCI MD and CEO Dilip Asbe said at an event.
UPI, launched by the NPCI in 2016, currently allows users to link bank accounts that are linked to a mobile number. Using various third-party apps such as Google Pay, PhonePe, among others, users can make payments through their debit cards.
Last month, the Reserve Bank of India revealed plans to allow linking credit cards with UPI.
upGrad acquires Harappa Education for Rs 300 Cr🤝🏻
Higher education platform upGrad announced that it has acquired online learning institution Harappa Education for Rs 300 crore or $38 million in a cash and stock deal.
This will be the 10th acquisition for Ronnie Screwvala-led upGrad in the past two and a half years or since January 2020.
upGrad has closed the transaction with Harappa’s shareholders which include Bodhi Tree Systems and co-founders Pramath Raj Sinha and Shreyasi Singh.
Based out of New Delhi, Harappa Education offers self-paced courses to address the spiraling problem of poor employability, inadequate leadership, and an ill-equipped workforce. According to the four-year-old startup, it has an active clientele of 100 mid and large-sized organisations.
Consumer-focused neo-banking platform Fi (formerly epiFi) has raised $45 million in its series C financing round led by exister backer Alpha Wave Ventures.
Consumer-focused fintech platform Niyo raised $30 million from private equity firm Multiples Alternate Asset Management.
API infrastructure provider M2P Fintech has acquired Syntizen, an identity verification service provider for an undisclosed amount.
➡️ Check out our LinkedIn space to read more on the funding deals.
Demand for techies with metaverse skills on the rise🧑🏻💻
Demand is on the up for tech professionals with niche skills who can help IT services companies and metaverse startups expand their practice in the nascent sector.
There were an estimated 55,000 job openings related to the metaverse ecosystem at the beginning of this month in India, according to specialist staffing firm Xpheno.
These were across functions like AI/ML programming, AR/VR, gaming, UI/UX, blockchain and crypto, and security skill sets.
Most services companies are in the process of building out a metaverse practice to develop solutions for customers.
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