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Fintech Firms

A Simple Innovation By The Fintech Giant Heralded A New Era For Mobile Payments

QR Means Paytm: A Simple Innovation By The Fintech Giant Heralded A New Era For Mobile Payments

Paytm QR Codes and the Soundbox, a gadget that carries the recipient merchant’s QR code and announces payments in the local language, have become household names because of their simple façade hiding a powerful concept.

25 September 2023

Representational Image Of Paytm

Paytm GMV Rises 35 Pc In Apr-May To Rs 2.65 Lakh Crore

It had posted a gross merchandise value (GMV) of Rs 1.96 lakh crore during April-May a year ago.

06 June 2023

Enforcement Directorate

Chinese Loan App Case: ED Charge Sheet Against Razorpay, Fintech Firms, NBFCs On Money Laundering Charges

The platform has blocked all those suspicious entities and funds associated with them about one-and-half years ago and has shared their details with the ED on multiple occasions

18 March 2023

Mobikwik

MobiKwik Posts First Ever Consolidated Profit In Jun Qtr

MobiKwik Co-Founder and COO Upasana Taku told PTI that MobiKwik has become the first fintech firm to post consolidated profit and expects to maintain the momentum throughout the year

08 August 2023

PhonePe

Phonepe Raises Additional USD 100 Million Investment From General Atlantic

General Atlantic and its co-investors have contributed USD 550 million in the ongoing USD 1 billion funding round of PhonePe at a pre-money valuation of USD 12 billion

22 May 2023

Digital Lending To Bridge Credit Gap, Surpass Traditional Lending On Unsecured Loans: Report

Unsecured, small-ticket-size loans will drive India’s credit market through 2030, with fintech companies leading the way to financial inclusion and credit coverage, says a report by Experian India.

15 February 2023

Paytm

Paytm Q1 Loss Narrows To Rs 358.4 Crore, Revenue Jumps 39.4%

Fintech firm One97 Communications reported revenue from operations of the company increased by 39.4 per cent to Rs 2,341.6 crore during the first quarter from Rs 1,679.6 crore in the June 2022 quarter

22 July 2023

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Government To Revoke Ban On Fintech Firms Lazypay, Kissht

Sources said that the government will revoke the ban on LazyPay and Kissht that were in the list of banned websites and apps after representations were made by these companies

10 February 2023

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21 December 2022
IIFL Fintech Fund Picks Up 16 % In Insurance Samadhan For $2 Million

IIFL Fintech Fund Picks Up 16 % In Insurance Samadhan For $2 Million

The startup also received another USD 1 million from other investors in the series-A round


09 December 2022
ICICI Prudential Pension Funds To Expand In More Cities, Tie Up With Fintech Firms

ICICI Prudential Pension Funds To Expand In More Cities, Tie Up With Fintech Firms

The company will not be able to book profit as it is investing more in people as well as in expansion, says CEO Sumit Mohindra


05 December 2022
Shriram Group Operationalises Largest Retail NBFC Shriram Finance; To Focus On Non-Vehicle Financing

Shriram Group Operationalises Largest Retail NBFC Shriram Finance; To Focus On Non-Vehicle Financing

The company is heavily dependent on used-commercial vehicle finance and its overall vehicle finance vertical contributed 77.5 per cent of its over Rs 1.71 lakh...


19 August 2022
Fintech Startup Uni Stops Card Services Over RBI’s Digital Lending Norms

Fintech Startup Uni Stops Card Services Over RBI’s Digital Lending Norms

Indian fintech startup suspends card services after RBI guidelines on digital lending


25 July 2022
Plutos ONE Was Honoured With The Indian Achievers' Forum Award For Excellence In The Field Of Fintech Innovation

Plutos ONE Was Honoured With The Indian Achievers' Forum Award For Excellence In The Field Of Fintech Innovation

Named after the Greek god of wealth, plutos ONE is a Banking Commerce Platform-as-a-Service that allows bank customers to manage all their financial needs -...


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14 July 2022
Making Spay India An Award-Winning Firm, Nikhilesh Tiwari's Business Spirit Will Amaze You

Making Spay India An Award-Winning Firm, Nikhilesh Tiwari's Business Spirit Will Amaze You

The CEO of the Spay India company, Nikhilesh Tiwari, began this company with only 29 people. The company's mission statement is to offer its clients excellent...


01 July 2022
Big Tech Firms Offering Financial Services Pose Risk To Financial Stability: RBI

Big Tech Firms Offering Financial Services Pose Risk To Financial Stability: RBI

Big techs can scale up rapidly and pose risk to financial stability, which can arise from increased disintermediation of incumbent institutions, it noted


27 June 2022
RBI Tightens Noose On Prepaid Payment Instruments; Payment Council Asks Govt To Step In

RBI Tightens Noose On Prepaid Payment Instruments; Payment Council Asks Govt To Step In

The ever-evolving payments framework in India is set to witness regulatory action by the Reserve Bank of India; PCI now wants the government to step in and...


26 June 2022
Finance Ministry Asks Banks To Explore Fintech Partnership, Co-Lending Opportunities

Finance Ministry Asks Banks To Explore Fintech Partnership, Co-Lending Opportunities

In the recently concluded performance review of PSBs by the Finance Ministry, sources said, lenders were asked to focus on technology and data analytics to...


01 June 2022
Slice Raises $50 Million In Funding Led By Tiger Global

Slice Raises $50 Million In Funding Led By Tiger Global

In November 2021, Slice entered the unicorn club after raising $220 million in its Series-B fundraise co-led by Tiger Global and Insight Partners. 


01 June 2022
What Governance Tokens Are And How They Work

What Governance Tokens Are And How They Work

Governance tokens are crucial in distributing control of blockchain projects among the community users


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19 May 2022
MakeMyTrip Ties Up With Banks, NBFCs, Fintech Players For 'Book Now Pay Later' Option

MakeMyTrip Ties Up With Banks, NBFCs, Fintech Players For 'Book Now Pay Later' Option

The book now pay later payment has been introduced on bookings for travel, flight or hotels, on MakeMyTrip as well as on the Goibibo app


30 March 2022
Indians To Be Among Top ‘Buy Now Pay Later’ Service Users In Next 1 Year

Indians To Be Among Top ‘Buy Now Pay Later’ Service Users In Next 1 Year

28% Indian consumers likely to use ‘Buy Now Pay Later’ Services in next 12 months, highest among 18 nations surveyed. More men than women likely to use...


26 March 2022
Three Reasons Why Bitcoin Is Unsuitable For Payments In India

Three Reasons Why Bitcoin Is Unsuitable For Payments In India

High volatility, lack of sovereign guarantee, and complex tax rules make Bitcoin unsuitable as payment tender in India


15 March 2022
Zomato-Blinkit Enter All Stock Merger Deal: Report

Zomato-Blinkit Enter All Stock Merger Deal: Report

Blinkit, which was earlier known as Grofers is currently undergoing a severe cash crunch and has shut down approximately 40 dark stores, and laid off its...


15 March 2022
SoftBank’s Munish Varma To Step Down From Boards Of One97 Communications, PB Fintech: Report

SoftBank’s Munish Varma To Step Down From Boards Of One97 Communications, PB Fintech: Report

SoftBank had invested approximately $1.4 billion in One97 Communications four years ago, acquiring a 17.4 per cent stake in the company. It also has a 12.4 per...


09 March 2022
IPO-Bound Mobikwik Posts First-Ever Profit In December Quarter, Says Upasana Taku

IPO-Bound Mobikwik Posts First-Ever Profit In December Quarter, Says Upasana Taku

The company recorded a profit of around Rs 7 crore in the third quarter of 2021-22, after losing money in the first and second quarters.


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