Category: Personal Finance

How gamers are at the risk of cyber attacks, BFSI News, ET BFSI

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The rising cybercrimes are now targeting gamers using a crypto-mining malware called Crackonosh. The research shows this crime has so far made more than $2 million for hackers.

But it’s not targeting any gamers. Games that are “cracked” pirate copies of popular games come infected with this malware script, allowing hackers to secretly mine cryptocurrencies using the victim’s resources. These games include Grand Theft Auto V, Pro Evolution Soccer 2018, Jurassic World Evolution, and NBA 2K19 available for free on forums or torrent.

So, how does this exactly work?

The crime is called cryptojacking, and the way it works is by embedding malware on a computer or mobile device to steal its resources and mine cryptocurrencies.

Since mining cryptocurrencies use a considerable volume of electricity and need a high-performing PC to solve a critical mathematical equation, this attack risks gamers. So by using gamers’ high-performance resources from computers, hackers earn cryptocurrencies without bearing the overhead cost. The malware script works secretly in the victim’s computer and doesn’t get noticed easily. However, the symptoms of a victim are slowed down PCs and spike in electricity bills.

Moreover, the attack goes unnoticed by the user because once Crackonosh is inside the system, it modifies the computer’s registry to allow it to run in safe mode. This disables most antivirus software. It then boots the computer into a safe mode. Further, it replaces the Windows Security icon in Windows 10 with a fake one and disables other security software.

The malware creator is believed to be Czech because the name Crackonosh means “mountain spirit” in Czech culture. What’s more alarming is the fact that Avast, a cyber-security company, is now detecting over 800 cases on computers each day. But these are registered cases of computers that have Avast installed, meaning the spread of these crimes could be much higher.

Thus, this situation implies that there’s nothing like free lunch. Even though the games are free, the user eventually ends up paying a heavy sum for it. Even though the cryptojacking scripts do not comprise a user’s personal data, it exploits CPU processing resources and electric power. Some scripts come with worming capabilities that infect and compromise other servers and devices on the network.

So, what can you do about this scenario?

Removing the malware from the computer is a lengthy and complex process. It requires deleting files, scheduled tasks, and even registry keys. Therefore, the best remedy to this situation is prevention.

The applications or games should be installed from only the legitimate gaming stores. Next, the updates should be done from the developer’s website only. This attack is only executed once the user downloads games from unofficial pages like torrent or other third-party applications.

Remember, the cure to such crimes is prevention, thus, maintaining healthy security habits like using original gaming stores, and downloading updates straight from the developers can help you mitigate these risks in the first place.

The author is Vice President – International Sales at Array Networks



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Ransomware top threat for Indians in 2021, crypto scams surge, BFSI News, ET BFSI

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New Delhi: Cybercriminals continued to exploit people’s screen habits formed during lockdown to spread scams and ransomware was the top threat for Indians in 2021, followed by crypto scams, a new report showed on Wednesday.

Cybersecurity researchers observed a 38 per cent increase in ransomware attacks targeting consumers globally, when comparing the last five months of 2021 to the first five months of the year, whereas for India, that number stands at 65 per cent.

On the mobile side, adware and fleeceware were among the top threats, according to global security company Avast.

“The pandemic has changed nearly every aspect of everyone’s lives, and that includes the cyberworld too,” said Michal Salat, director of threat intelligence at Avast.

“Attackers’ methods are becoming more sophisticated. Cybercriminals are using techniques that make them harder to spot and carrying out more personalised cyber attacks. They are also adding new spins on tried and tested techniques, especially in social engineering type of attacks like scams,” Salat added.

Businesses globally also experienced an increased number of attacks during the June-October period to the tune of 32 per cent.

However, for India, this number was less than the global average and stood at 19 per cent.

In general, phishing attacks continued to increase during 2021.

The chances of businesses encountering phishing scams has increased globally by 40 per cent in the last five months of the year but was much lower in India with 13 per cent.

“Consumers, too, continue to be targeted by phishing scams with the increase in global (24 per cent) and India (23 per cent) figures being nearly the same,” the report noted.

This year, a wide variety of new threats aimed at profiting from or mining cryptocurrencies at users’ expenses were reported.

Some of the main ones that impacted many countries around the world were Crackonosh, and BluStealer.

In addition to Crackonosh and BlueStealer, the researchers also found cryptocurrency-stealing malware that was distributed through HackBoss, a Telegram channel which, at the time of discovery, had stolen over $560,000 from victims.

In September, the researchers found more than 19,300 Android apps that potentially exposed user data due to an incorrect configuration of the Firebase database — an Android tool that developers can use with the purpose of storing user data.

This affected a wide range of different apps, including lifestyle, fitness, gaming, food delivery and mailing apps in regions around the world.

“Cybercriminals kept up many of their tricks this year, using social engineering to spread malware to get their hands on people’s money, abusing technology such as stalkerware to violate people’s privacy or deceiving vulnerable audiences into paying for fleeceware apps or unneeded tech support,” said Salat.



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This Government Company Offers Up To 8.77% Interest On Fixed Deposits

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Non cumulative, Senior Citizens interest rates as on Dec 2, 2021

24-months 36-months 60-months
Monthly interest payout 7.50% 8.25% 8.50%
Quarterly interest payout 7.50% 8.25% 8.50%
Annual payout 7.50% 8.25% 8.77%

The cumulative interest rates being offered for non senior citizens is also more or less the same. Under the cumulative scheme you also have an opportunity to invest for 1-year period. For a 5-year period the interest rates go as high as 8.77%, which is the latest and updated as on December 2, 2021.

Cumulative fixed deposits senior citizens and non senior citizens as on Dec 2, 2021

Cumulative fixed deposits senior citizens and non senior citizens as on Dec 2, 2021

Non senior citizens Senior citizens
1-year 7.00% 7.25%
3-years 7.75% 8.25%
4-years 7.75% 8.25%
5-years 8.00% 8.50%

This is the best interest rates that you can probably get from any government owned institution in India. We suggest that investors invest in these deposits through a friendly app that the company has made available online.

How to invest in the fixed deposits of Tamil Nadu Power?

How to invest in the fixed deposits of Tamil Nadu Power?

We visited the office of Tamil Nadu Power to invest in the deposits. There was a rush of people for the fixed deposits, given that it is now impossible to get 8.50% on fixed deposits and also that the deposits were safe as they are a state government owned company.

Interestingly, the company also has a well developed app, where you can download and apply for fixed deposits online. There is also a call centre to help you with any assistance that you might need.

Are the fixed deposits of Tamil Nadu Power and Infrastructure Finance safe?

Are the fixed deposits of Tamil Nadu Power and Infrastructure Finance safe?

With attractive interest rates that go as high as 8.77%, the deposits of TN Power Finance Corporation is not a bad bet. Bank interest rates are around that 5.5% mark which is not attractive at all. Inflation is hovering around those levels, so the real rate of returns have been dismal. Given that the deposits of Tamil Nadu Power Finance and Infrastructure is fully owned by the government of Tamil Nadu, they are also safe.

For senior citizens who have been hit hard by low interest rates, these deposits could be a good bet. For non senior citizens too the deposits offer the best interest rates when compared to banks. We also believe that interest rates on fixed deposits would not go higher anytime soon and hence these deposits offer an attractive option for investors.



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Buy The Stock Of This Logistics Player For Long-Term, Says Motilal Oswal

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Upside target of Rs 390 on the stock

TCI is India’s leading integrated multimodal logistics and supply chain solutions provider. The company has infrastructure comprising an extensive network of 1400+ company owned offices, 12 million sq. ft. of warehousing space, a strong team of 6000+ trained employees and a strong foundation.

“The unique multimodal capabilities of TCI would drive consistent growth in volumes and earnings across segments over the next few years. With the easing of fuel prices (on account of tax cuts), margins are expected to remain at elevated levels,” Motilal Oswal Financial Services has said in its report.

TCI: A strong player with a solid portfolio

TCI: A strong player with a solid portfolio

TCI has a well-blended portfolio, with a presence across the high-volume freight segment and value-added segments such as Integrated Supply Chain Solutions. The company also has niche high-margins segments such as Seaways.

Travel corporation of India is among the very few players that provide end-to-end logistic solutions with multimodal capabilities across road freight, rail, and coastal shipping.

“We expect Travel Corporation of India to clock a revenue/EBITDA/PAT CAGR of 17%/25%/33% over FY21-24. We reiterate our Buy rating, with revised target price of Rs 790 per share (16x FY24E EPS),” the brokerage has said.

Valuation and view on the TCI stock

Valuation and view on the TCI stock

Motilal Oswal Financials expects the growth momentum to continue with the pickup in economic activity and the normalization of transportation activity. The government reforms leading to formalization and market share gains for organized players such as TCI would help, the brokerage has noted.

“We expect TCI to clock a revenue/EBITDA/PAT CAGR of 17%/25%/33% over FY21-24E. The stock trades at 14x FY24 EPS. We maintain our Buy rating, with revised target price of Rs 790 per share (16x FY24E Earnings Per Share),” the brokerage has said.

The shares of Travel Corporation of India were last seen trading at Rs 708.50 on the NSE.



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Anand Rathi Wealth Ltd IPO Opens Today: Should You Subscribe”

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About Anand Rathi Wealth

The Company commenced activities in Fiscal 2002 and is AMFI registered mutual fund distributor and has evolved into providing well researched solutions to its clients through a mix of wealth solutions, financial product distribution and technology solutions to a wide spectrum of clientele. As per CARE Advisory Research, the Company has been ranked amongst one of the top three non-bank mutual fund distributors in India by gross commission earned in Fiscal 2021, 2020 and 2019.

Since March 31, 2019 till August 31, 2021, the Company’s Asset Under Management (AUM) has grown at a CAGR of 22.74% to Rs 302.09 billion. As on August 31, 2021 the Company’s flagship Private Wealth vertical catered to 6,564 active client families across the country. Over 50% of its clientele has been associated with Anand Rathi Wealth Limited for more than 3 years. The Company has paid dividend at the rate of 50% in Fiscal 2021 and had issued bonus shares in August 2016 and July 2021.

What the experts say on subscribing to the Anand Rathi Ipo?

What the experts say on subscribing to the Anand Rathi Ipo?

Mr. Manoj Dalmia, founder and Director, Proficient Equities Private limited says that the company is India’s leading Non-banking wealth solution at a price bank of Rs 530 to Rs 550. “The GMP is at Rs 125 which is positive and good growth prospects due to retailers taking part in capital markets. The assets under management of Rs 29472 crores in the private wealth sector is spread across vast geography in India. We recommendation to apply only if it is oversubscribed on the final day, with the majority being NII and anchor investors,” Dalmia says.

Dr. Ravi Singh, head of Research and vice president, Share India says,”India’s Banking and Financial Service (BFSI) sector is offering tremendous growth opportunities due to the increasing retail participation in the capital market-linked businesses. However, the current market sentiments are not favourable and BFSI sector is the worst hit. Anand Rathi Wealth is showing a high valuation and the listing band is at upper band. We suggest investors to ignore the subscription and watch the company’s future growth,” he notes.

Equirus Capital Private Limited, BNP Paribas, IIFL Securities Limited and Anand Rathi Advisors Limited are the book running lead managers to the Offer

Disclaimer

Disclaimer

Investing in equities, including Initial Public Offerings poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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India’s new crypto law set to red-flag chit fund, MLM business models, BFSI News, ET BFSI

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India is set to red flag several investment schemes launched by individuals and cryptocurrency exchanges that are similar to chit funds, multi-level marketing (MLM) and systematic investment plans (SIP), as it seeks to build a robust regulatory framework to protect vulnerable rural populations buying risky crypto assets.

Regulators including the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) have raised concerns before a parliamentary panel about how some individual investors are collecting money in small towns – with business models resembling those of chit funds – for investing in crypto assets.

RBI has pointed out how some Indians have even started accepting cryptocurrency payments for export services, thus posing a broader systemic risk.

“It is observed that some individuals are going to small towns and raising money from people, mainly in cash, with the promise of great returns in cryptocurrencies,” said a person familiar with the representations to central lawmakers. “This is exactly like chit funds, but without any framework or regulations.”

Regulators have reportedly flagged instances in the hinterland, particularly in Uttar Pradesh and Bihar, where collective investment schemes or chit funds have been floated to pool money for alleged investments in cryptocurrencies. Crypto exchanges and related associations have also made representations to the panel of central lawmakers. Officials at Sebi and RBI could not immediately be reached for comments.

Besides chit funds, even MLM-like schemes are being promoted by some unregulated entities, warn insiders. “In India, a lot of scams are driven by smart contracts – anyone can launch their own coin and start raising money,” said Siddharth Sogani, founder, CREBACO, a cryptocurrency research firm.

Scam Schemes
“There is one scam every week in India where fraudsters are trying to do a multi-level-marketing or collective investment scheme, which promises astronomical returns to people.”

CREBACO had red-flagged a “fake cryptocurrency exchange” that announced hiring plans. The exchange was only collecting money and was a “scam,” said insiders. In another instance, a small company started collecting money from small investors in Uttar Pradesh with the promise of doubling their invested funds in a year. The company claimed it would invest the pooled money in cryptocurrencies. “There were many other instances where it was found that individuals are just taking advantage of the cryptocurrency craze and regulators need to protect the rights of small investors,” said a person aware of developments.

Mitigating Risk
RBI has, in the past, said cryptocurrency poses a systemic risk to India’s economy. Most exchanges have distanced themselves from individuals collecting money and investing in crypto assets with a business model not dissimilar to those at chit funds.

Another person close to the developments said concerns were also raised by Sebi on the nomenclature used by exchanges. New regulations could spell out what exchanges can say and what they cannot. “We have to draw a line at what we can say and what we can’t. Maybe, when you say ‘investment,’ it may not be fine; calling it SIP may not be fine too, but as of now, we don’t know what terms to use,” said Sathvik Vishwanath, co-founder and chief executive of Unocoin, a cryptocurrency exchange.

“These (terms) are used haphazardly by different companies for different things. Currently, exchanges have to explain some concepts to a common man who doesn’t have an idea what we are talking about. So, sometimes we have to come up with something to compare it with,” he added.

Cryptocurrency exchanges and associations have even raised concerns about how some fly-by-night crypto exchanges have mushroomed in the past few months, from which the government should differentiate genuine exchanges.

Apart from that, the government could also put out some framework for how money can be raised through an Initial Coin Offering (ICO), which is the cryptocurrency equivalent of an IPO. “Sebi should regulate ICOs in India if these instruments are allowed,” said Sogani of CREBACO.

Regulation Jitters
Investors are wary after New Delhi decided to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the winter session of Parliament. Both investors and venture capitalists sounded cautious after the Lok Sabha bulletin was published last week.



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IPO rush continues; 10 cos line up public issues worth Rs 10,000 cr in Dec, BFSI News, ET BFSI

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New Delhi, Dec 1 : The IPO lane will continue to be busy in December as 10 companies have lined up initial share-sale plans worth more than Rs 10,000 crore, merchant banking sources said on Wednesday. Moreover, the initial public offerings of Star Health and Allied Insurance and Tega Industries are currently open for public subscription.

This comes after 10 firms successfully concluded their initial public offerings (IPOs) in November.

Among the companies that scheduled their IPOs in this month include RateGain Travel Technologies, travel and hospitality technology services provider, and Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi.

RateGain’s Rs 1,335-crore initial share-sale will open for public subscription during December 7-9, and the Rs 660-crore IPO of Anand Rathi Wealth will open on December 2.

In addition, the companies that have firmed up their IPO plans are — Global Health Ltd, which operates and manages hospitals under the Medanta brand, pharmacy retail chain MedPlus Health Services and Healthium Medtech, merchant banking sources said.

Apart from these, Metro Brands, Shriram Properties, AGS Transact Technologies, Shri Bajrang Power and Ispat and VLCC Health Care may also float their public issues in the period under review, they added.

Investment bankers said these companies will raise more than Rs 10,000 crore collectively.

The companies are raising funds to support business expansion plans, to retire debt and for general corporate purposes.

Some of the IPOs are an offer for sale (OFS), where private equity players or the promoter wants to cash out part of their holding.

Prateek Singh, founder and CEO of LearnApp.com, attributed the impressive pipeline to the bull run in the equity markets.

“The best time for any company to go for an IPO is during the Bull market, which is also the reason why many companies are going for a public listing at this time. Companies look to tap into the sentiment from the public markets at such opportune times and are highly successful,” he said.

Further, initial share-sales are receiving tremendous applications from the investors and IPOs have been subscribing multifold times.This has pushed companies to raise funds through IPO.

He further said the trend will continue and more tech companies will try to go public in the immediate future until the market calms down and moves downward.

“So, if the markets fall in the future, the IPOs will also reduce,” he added.

So far in 2021, as many as 51 companies have launched their IPOs to raise over Rs 1 lakh crore, according to analysis of data with exchanges.

Apart from these, PowerGrid InvIT, the infrastructure investment trust (InvIT) sponsored by the Power Grid Corporation of India, mopped-up Rs 7,735 crore through its IPO and Brookfield India Real Estate Trust raised Rs 3,800 crore via its initial share-sale.

The fundraising so far this year is way higher than the Rs 26,611 crore collected by 15 companies through initial share-sales in the entire 2020.

Such impressive fundraising through IPOs was last seen in 2017 when firms mobilised Rs 67,147 crore through 36 initial share-sales.



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States debt-to-GDP ratio worryingly higher than FY23 target, says RBI report, BFSI News, ET BFSI

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Mumbai, The combined debt-to-GDP ratio of states is expected to remain at 31 per cent by end-March 2022 which is worryingly higher than the target of 20 per cent to be achieved by 2022-23, according to a RBI report. The Reserve Bank’s annual publication titled ‘State Finances: A Study of Budgets of 2021-22’ further said as the impact of the second COVID-19 wave wanes, state governments need to take credible steps to address debt sustainability concerns.

“The combined debt to GDP ratio of States which stood at 31 per cent at end-March 2021 and is expected to remain at that level by end-March 2022, is worryingly higher than the target of 20 per cent to be achieved by 2022-23, as per the recommendations of the FRBM Review Committee,” it said.

In view of the pandemic induced slowdown, in its projections, the 15th Finance Commission expects the debt-GDP ratio to peak at 33.3 per cent in 2022-23 (in view of the higher deficits in 2020-21, 2021-22 and 2022-23), and gradually decline thereafter to reach 32.5 per cent by 2025-26.

The RBI report noted that the budgeted consolidated gross fiscal deficit (GFD) of 3.7 per cent of GDP for states for the year 2021-22 – lower than the 4 per cent level as recommended by the FC-XV (15th Finance Commission)- reflect the state governments’ intent towards fiscal consolidation.

According to the report, in the medium term, improvements in the fiscal position of state governments will be contingent upon reforms in the power sector as recommended by FC-XV and specified by the Centre – creating transparent and hassle-free provision of power subsidy to farmers; preventing leakages; and improving the health of the power distribution companies (DISCOMs) by alleviating their liquidity stress in a sustainable manner.

“Timely payments of state dues to DISCOMS and, in turn, by them to Generation Companies (GENCOS) hold the key to the sector’s financial health,” it said.

The report said undertaking power sector reforms will not only facilitate additional borrowings of 0.25 per cent of GSDP (Gross State Domestic Product ) by the states but also reduce their contingent liabilities due to improvement in financial health of the DISCOMs.

It pointed out that in 2020-21, the first wave of the pandemic posed states the critical challenge of declining revenue and the need for higher spending.

To partially offset the revenue shortfall, the report said states hiked their duties on petrol, diesel and alcohol and focused on rationalising non-priority expenditures to make room for higher expenditure on healthcare and social services.

According to the report, the year 2021-22 started on a similar note, with the outbreak of the second wave.

“However, the impact of the second wave on state finances is likely to be less severe than the first wave due to less stringent and localised restrictions imposed this time as opposed to the nationwide lockdown during the first wave of COVID-19,” it observed.



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5 More IPOs Lined Up For December 2021 Launch

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1. Anand Rathi Wealth:

Offer period -Dec 2-Dec 6, 2021

Issue size- Rs. 660 crore

IPO price band- Rs. 530-550

The issue is completely an offer for sale (OFS) of 1.2 crore equity shares by promoters and existing shareholders. Listing of the scrip shall be on December 14, 2021.

Company profile: The company registered as a mutual fund distributor is in the business of private wealth since 2002. The company’s total AUM as on August 31, 2021 stands at Rs. 30,209 crore. The company serves its HNI and UHNIs from across 11 locations in the country.

Notably the grey market premium which has zoomed ahead of the opening of the issue signals a good interest for the IPO.

2. Rain Gain Travel Tech:

2. Rain Gain Travel Tech:

Offer period- December 7-9

Issue size: Rs. 1336 crore

Price band- Rs. 405-425

Minimum bid: 1 lot -35 equity shares entailing an investment of Rs. 14,875

The public issue comprises a fresh issuance of shares worth Rs 375 crore and an offer for sale (OFS) of up to 2,26,05,530 equity shares by promoters and an investor.

The fresh issue proceeds will be put towards repaying debts availed by subsidiary RateGain UK; payment of deferred consideration for taking over DHISCO; and strategic investments, acquisitions and inorganic growth. Addiionally the funds will be put for technology innovation, AI, other organic growth purposes, purchasing capital equipment for data centre and additional corporate purposes.

RateGain is a Software as a Service (SaaS) company in the hospitality and travel industry. The company caters to a wide array of verticals namely hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries.

The issue will list on December 17, 2021.

3. CE Infosystems:

3. CE Infosystems:

The company that operates MapmyIndia will open next week to mop up Rs. 1400 crore. The issue shall be a complete offer for sale of 7.55 million shares being offloaded by the company’s promoters as well as current shareholders that includes Qualcomm Asia Pacific.

The company provides its proprietary digital maps as SaaS. As per the company’s website the other offerings include geospatial software and location-based IOT technologies.

4. Adani Wilmar:

4. Adani Wilmar:

The issue as per reports is likely to open before mid-December. As part of the issue company will be issuing fresh shares worth Rs. 4500 crore. The proceeds from the issue will be put for financing capex, acquisitions, repayment of debt and other corporate purposes.

The company will be selling Rs 4,500 crore of newly-issued shares. From the proceeds, it plans to use Rs 1,900 crore for capital expenditure, Rs 500 crore for funding strategic acquisitions and the rest to repay debt and for general corporate purposes.

Adani Wilmar is among one of the few large FMCG companies offering most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar.

5. Go First Airlines:

5. Go First Airlines:

Go Airlines (India) running the Go First brand will open its share sale on December 8 to aggregate Rs. 3600 crore.

Offer period -December 8- Dec 10

The issue is entirely fresh equity issuance and not an OFS. As of Fy 2020, the company had a debt of Rs. 1780 crore. The company from the proceeds will pare off its debt and also clear payments outstanding to oil companies and lessors. In the 1HFy22, period the company posted a net loss of Rs. 923 crore and is henceforth working to strengthen its cost saving measures and also planning its fleet to solely comprise A320 Neo aircraft and even considerng higher capacity Airbus A321 neo.

Experts suggested ways for successful allotment of shares in IPO

Experts suggested ways for successful allotment of shares in IPO

We have seen IPOs to fail in the past upon debut or even in the long term, but still in a case if you are too optimistic on an issue and surely desire it to be allotted to you in the initial share sale, you need to follow certain experts’ recommended rules listed as below:

You may apply for the IPO from the demat account of all the family members probably.

Do not make more than application in a single name

You may also place bid from an HUF/minor account

To avoid rejections due to technical reasons, one may apply for IPO via net banking and avoid UPI interface. However if applying via UPI, you should make sure that you approve UPI mandate timely.

Also, PAN details should match both in the demat and bank

Selection of a cut off is a must in case of retail application.

Demat should be in active mode.



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Cryptocurrency exchange ZebPay appoints Tarun Jain as CFO, BFSI News, ET BFSI

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Crypto asset exchange company ZebPay has appointed Tarun Jain as its group chief financial officer (CFO). He will be responsible for shaping the strategic and long-term financial direction of the company.

Previously, Jain served as the CFO for Lithium Urban Technologies. He has also worked with companies like Zoomcar, Herman Miller, and Warner Bros. At ZebPay he is expected to work closely with the leadership team to drive the company’s financial and development strategy

Jain said in the company release, “I’m looking forward to supporting the development of ZebPay’s business and its suite of industry-first products for crypto investors in India. ZebPay is on a path to becoming the foremost crypto player in India and I’m glad to be leading the financial and strategic direction.”

Jain possesses expertise in financial management, investor relations, fundraising, strategic planning, commercial negotiation, and risk management. . Along with business planning, he will also be responsible for the company’s budgeting, forecasting, and leading strategic business negotiations.



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