Infibeam Avenues:
Surge on RBI Authorization
Regulatory Milestone Achieved
The market responds positively with a 145% stock surge in six months.
Share prices rally to Rs 37.80 on NSE.
AI-powered fintech firm secures Payment Aggregator license.
Received final RBI authorization.
Company Details Growing Merchant Base and Strategic Moves
Recent RBI approval for Bharat Bill Pay enhances service offerings.
H1FY24 witnesses 50L+ merchant onboarding.
Infibeam boasts 10M+ merchants on its platform.
Strategic Investments and Expansion
Plans for a wholly-owned subsidiary in IFSC, GIFT CITY, Gandhinagar, focusing on payment services.
Divestment from Fable Fintech aligns with strategic restructuring.
Infibeam invests in XDuce Corporation, a US-based AI development company.
Future Prospects and Industry Impact
The positive market sentiment reflects investor confidence in Infibeam's future prospects.
Acquisition and subsidiary plans signify strategic diversification.
Infibeam's expansion aligns with growing digital payment trends.
Open Demat G-L92HWH8MZR