AGP Executive Report
Last update: 5 hours agoDigital Payments: Toss is taking facial-recognition payments into department stores, offering a 50% discount to attract shoppers to Face Pay. In India, a planned 0.4% fee on larger UPI transactions is in doubt after a key NPCI meeting was postponed, leaving merchants uncertain about an October 15 start. Bitcoin Markets: Bitcoin hovered near $82,800 after its October selloff. Whales bought about 15,000 BTC, while miner MARA sold 996 BTC to reduce debt; ETF flows have also swung between heavy outflows and renewed buying. Banking Infrastructure: Bahrain’s NBB will anchor a trade-finance registry that lets banks check invoices in real time to help prevent duplicate financing and fraud. Investor Alert: Nigeria’s SEC warned investors away from WayvePay, saying the platform is not authorized to solicit public investments after it promoted access to a refinery IPO. Startup Funding: More Indian family offices are directing capital to fintech, healthtech and AI startups, as a younger generation joins investment decisions.
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