Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT RATES :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: empanelment :: cpt :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARDS :: form 3cd
 
 
Mergers and Acquisitions »
 Merger And Acquisition: What Can Investors Learn From The Seattle Genetics Buyout Of Cascadian?
 M&A deals with capital infusion, share transfer in last 2 years under I-T lens
 Local third tier banks expected to see more mergers and acquisitions
 Identical indirect tax cases to be expedited
 Global Microdissection Market - Mergers and Acquisitions Becomes a Key Strategy
 How India's Bankruptcy Law Redo May Spur M&A Heyday
 Top 3 Procurement Mergers and Acquisitions of 2017 (and 2018, So Far)
 What is in store for mergers and acquisitions?
 Mergers and acquisitions a key factor in increasing the number of B.C. employees at top security firms
 Merger & Acquisition deals up 10 pct in 2017, but value declines
 OMA Emirates scouting for acquisitions in India’s fintech space
 India to see healthy M&A activity, says EY
 Digital payments gateway PayU eyes acquisitions to enter lending segment
 Top 5 mergers and acquisitions of 2017 in India
 Deals of the day-Mergers and acquisitions Jan 16, 2018

OMA Emirates scouting for acquisitions in Indias fintech space
January, 29th 2018

OMA Emirates had in August announced OMA Emirates fintech fund worth $23 million for investments in fintech start-ups in India

OMA Emirates Group, a United Arab Emirates-based payment solutions provider that had set up its India dedicated maiden venture fund last year, is scouting for acquisitions in India, a top company official said.

“A key focus area for us is mergers and acquisitions through which we are able to expand our scope of offerings for various industries by providing the most cutting-edge and innovative solutions for our clients across the globe,” Niranj Sangal, group chief executive of OMA Emirates, said in an interview.

OMA group is currently present in nine countries in West Asia, Europe and Asia, and provides technology solutions for card personalization, payment issuance and acquiring systems. It has an annual turnover of more than $2 billion and much of its expansion has been led by mergers and acquisitions.

In 2016, OMA Emirates invested in Morocco-based ‘Business Rules Solutions’ (BRS), an IT consulting company specializing in software development as part of its expansion into the North African market.

In India, OMA began operations with the acquisition of mobile Point of Sale (PoS) company MobiSwipe in early 2017.

“MobiSwipe enables merchants to transact via a card reader that is connected to a smartphone. Currently, MobiSwipe is a part of OMA Emirates Mobility range of products,” Sangal said.

In August last year, OMA announced a $23 million OMA Emirates fintech fund dedicated to investments in India and has so far made four investments from the fund.

“A corpus of $3 million has been set aside for investments in start-ups that have been operational for 3-12 months and $20 million towards existing fintech firms that have been around for over 12 months,” Sangal said.

The fintech sector is one that requires constant capital to fuel innovation and growth, he said.

“There are numerous companies with innovative offerings that cease operations primarily due to the lack of funding and access to market and opportunity,” he added.

“The OMA Emirates Fintech Fund has been set up with the intention of filling this need gap for the fintech sector. Through the fund, the OMA Emirates Group will provide support in addition to capital investment,” he said.

The fintech sector has seen a number of investments in the past one year with banks and financial institutions emerging as accelerators for fintech start-ups.

In July last year, Axis Bank acquired mobile wallet FreeCharge in a Rs385 crore all-cash deal, strengthening its position in the payments space.

Also, Bajaj Finance, one of India’s leading non-banking finance companies (NBFC) has announced the acquisition of a significant stake in mobile wallet company MobiKwik.

In November, Active.ai, a start-up that makes chatbots for banks, raised $8.25 million in a series A round led by Vertex Ventures, the venture capital arm of Singapore’s sovereign fund Temasek.

Innoviti Payment Solutions, a payments company backed by Infosys Ltd co-founder N.R. Narayana Murthy’s Catamaran, also raised Rs120 crore in its latest round of funding from SBI-FMO and Bessemer Venture Partners, to boost its businesses across the retail supply chain in July last year. Innoviti is a payment technology firm that helps merchants accept payments across channels like mobile, web or at the time of delivery.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions