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.
It had posted a gross merchandise value (GMV) of Rs 1.96 lakh crore during April-May a year ago.
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
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
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
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.
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
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
The startup also received another USD 1 million from other investors in the series-A round
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
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...
Indian fintech startup suspends card services after RBI guidelines on digital lending
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 -...
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...
Big techs can scale up rapidly and pose risk to financial stability, which can arise from increased disintermediation of incumbent institutions, it noted
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...
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...
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.
Governance tokens are crucial in distributing control of blockchain projects among the community users
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
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...
High volatility, lack of sovereign guarantee, and complex tax rules make Bitcoin unsuitable as payment tender in India
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...
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...
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.
