Customers Financial News

Origin Energy’s partly owned Octopus business in the United Kingdom will add two million customers after striking a deal to buy Shell’s energy retailing business in the UK and Germany.

digital currency available in their digital rupee [CBDC-R] wallet and scan to pay across any UPI QR code. Similarly, merchants need to only display their existing single QR code, which can accept payments in both CBDC and UPI.

NEW DELHI : To boost insurance coverage in the rural areas, the Insurance Regulatory and Development Authority of India (Irdai) is working on a women-led localized distribution force called Bima Vahak, said a person in the know. The aim is to engage women in raising awareness about the importance of insurance, and educating the rural population about a range of products tailored to their requirements. The final guidelines for this initiative are likely to be released this month, the person added.

India is one of the fastest growing electric vehicle markets in the world, and more than 90% of India’s 2.3 million EVs are the cheaper and more popular two- or three-wheelers — that’s motorbikes, scooters and rickshaws

Residential customers of Georgia’s largest electrical utility could see their bills rise by $9 a month to pay for a new nuclear power plant

Qantas says getting money back to customers “is an expensive task” but that it is “not shy” about doing so, although it refused to commit to sending physical mail to people in credit for flights not taken.

corporate Gmail accounts at an additional cost of $30 a month per person, the Wall Street Journal reported on Tuesday. The announcement is set to be made by Google Cloud CEO Thomas Kurian at the company's annual cloud conference in San Francisco later in the day, the report said. Alphabet did not immediately respond to a Reuters request for comment.

Alphabet’s (NASDAQ:GOOGL) Google is finally stepping into the realm of AI technology sales in a bid to catch up in the highly lucrative cloud software market.

Amazon has been quietly raising the amount some customers must spend on its site to get free shipping

fintech startups, digital transformation and an emphasis on customer experience. In this scenario, banks are striving to adapt and remain competitive. They have endeavoured to integrate artificial intelligence into their operations, particularly evident in the utilisation of chatbot assistants to manage customer inquiries.

Food delivery service platform DoorDash is integrating AI technology for their restaurant clients, which will see customers communicating their food orders to AI-powered bots instead of busy in-house staff.

AU Small Finance Bank is fast expanding its credit cards business, competing with some full-service commercial banks as well as the new generation of fintech companies that are trying to grab a share of this growing segment. Within two years of starting its own cards business, the bank currently has more than 600,000 credit cards in the market and sees it as a tool to attract new customers. Its competitors include Federal Bank (650,000 cards) and SBM India (940,000 cards), both full service commercial banks which too have scaled up their credit cards businesses recently. While SBM India and Federal Bank have strong co-branded partnerships, AU Small Finance Bank has built its own distribution franchise. Interestingly, credit cards are usually not the product banks look to scale up at the beginning of their journey.

Amazon has been quietly raising the amount some customers must spend on its site to get free shipping

State Bank of India (SBI) has launched a new feature where its customers can enrol for various social security schemes using only their Aadhaar card number, the bank said in a press release on August 25, 2023. SBI customers do not need their passbooks or other documents to join social security schemes anymore, the public sector bank added. “Customers visiting Customer Service Points (CSPs) of SBI will need only their Aadhaar to enrol in social security schemes.

Antonio Juliano, the founder of decentralized exchange dYdX thinks that crypto builders should forget about serving customers in the U.S. over the next five to 10 years, experiment in other markets and then return once the time is right.

Wells Fargo investment institute's Paul Christopher discusses recession risk in the U.S. and shares his market outlook.

Aussie Broadband managing director Philip Britt has forecast further consolidation and says the telecommunications group is going after Telstra’s customers as annual net profits quadrupled to $21.7 million.

IAG installed an algorithm that deliberately inflated premium calculations for customers perceived as more likely to stay with the insurance giant, a new regulatory lawsuit alleges.

Bank of Baroda customers can now complete re-KYC digitally in just a few minutes in a secure manner without even having to visit their branch.

In a move fueled by increasing regulatory uncertainty in the United States, global cryptocurrency exchange Bitstamp has announced to terminate Ethereum staking service for US users. 

The Russian banks MTS and PSB have begun testing the digital ruble, with “entrepreneurs” using the CBDC to pay for “services.”