Market regulator Securities and Exchange Board of India (SEBI) is focussed on accelerating the approval of applications for the companies…Market regulator Securities and Exchange Board of India (SEBI) is focussed on accelerating the approval of applications for the companies in the fintech industry that are looking to get listed on the public market, said chairperson Madhabi Puri Buch. Speaking during the Global Fintech Fest (GFF) 2024 today (August 29), Buch... Read more ›
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Days after integrating Amazon Pay Later into its app to offer instant digital credit to customers, Prosus-backed digital payments giant…Days after integrating Amazon Pay Later into its app to offer instant digital credit to customers, Prosus-backed digital payments giant PayU has now rolled out a push provisioning platform to facilitate seamless card tokenisation between banks and merchants. The newly-unveiled platform allows customers to tokenise their credit and debit cards for... Read more ›
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B2B ecommerce platform Moglix has launched a next day delivery service to make quick deliveries of industrial goods, joining the…B2B ecommerce platform Moglix has launched a next day delivery service to make quick deliveries of industrial goods, joining the bandwagon of quick deliveries. The company said in a statement that this service will go live in 12 major Indian cities and it also has a corridor expansion plan for 40... Read more ›
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Shares of Paytm jumped more than 5% in the early hours of trading today (August 29) to INR 565 apiece…Shares of Paytm jumped more than 5% in the early hours of trading today (August 29) to INR 565 apiece on the BSE, a day after the troubled fintech major sold its entertainment ticketing business to foodtech major Zomato and also received approval from the Centre to invest in its payments... Read more ›
14
Listed coworking startup Awfis has expanded the pool size of its employee stock option plan (ESOP) by allocating over 7.92…Listed coworking startup Awfis has expanded the pool size of its employee stock option plan (ESOP) by allocating over 7.92 Lakh equity shares. The company has granted 7,92,144 ESOP shares to eligible employees consequent to exercise of their respective vested stock options pursuant to Awfis Stock Option Plan 2015 (EDSOP 2015... Read more ›
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B2B payments solutions provider PayMate has partnered with NPCI Bharat BillPay Ltd (NBBL) to launch PayMate BBPS-B2B platform. Through the…B2B payments solutions provider PayMate has partnered with NPCI Bharat BillPay Ltd (NBBL) to launch PayMate BBPS-B2B platform. Through the BBPS-B2B platform, PayMate aims to provide customers with access to multiple lenders for competitive financing rates and offers. The platform will also connect customers to a nationwide network of verified businesses,... Read more ›
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Foodtech major Swiggy is reportedly in advanced talks to rope in Flipkart’s former senior vice president Amitesh Jha as the…Foodtech major Swiggy is reportedly in advanced talks to rope in Flipkart’s former senior vice president Amitesh Jha as the head of its quick commerce business Instamart. As per the Arc’s report, citing sources close to the matter, once Jha takes on his new role at Instamart, Swiggy Instamart’s CEO Phani... Read more ›
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Infosys cofounder and non-executive chairman Nandan Nilekani has said that startups built on top of India’s digital public infrastructure are…Infosys cofounder and non-executive chairman Nandan Nilekani has said that startups built on top of India’s digital public infrastructure are valued north of $100 Bn. “The estimate is that the market value of startups on top of India's DPI is about $100 Bn,” Nilekani said while speaking at the annual Global... Read more ›
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Hit by a $230 Mn crypto heist last month, crypto exchange WazirX on Wednesday (August 28) said it has filed…Hit by a $230 Mn crypto heist last month, crypto exchange WazirX on Wednesday (August 28) said it has filed an application with a Singapore court seeking moratorium. In a blog post, the company said Zettai Pte, which holds the shares in its subsidiary and Wazir X parent Zanmai Labs Pvt... Read more ›
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Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday (August 28) announced the launch of two new fintech products…Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday (August 28) announced the launch of two new fintech products on the first day of the Global Fintech Festival 2024. UPI Circle and Bharat BillPay for Business (BBPS) are the new two offerings. While the former allows UPI users to delegate... Read more ›
0
HDFC Bank has launched an “edtech” platform for students studying abroad. The new platform will serve as a payment gateway…HDFC Bank has launched an “edtech” platform for students studying abroad. The new platform will serve as a payment gateway for students pursuing education overseas. In a statement, the bank said that the platform will assist in digitising overseas education remittance payments flow from existing offline modes. Under this, HDFC Bank... Read more ›
2
Chinese tech giant Tencent reportedly plans to offload 2.1% stake in insurtech major PB Fintech in a block deal pegged…Chinese tech giant Tencent reportedly plans to offload 2.1% stake in insurtech major PB Fintech in a block deal pegged at over INR 1,610 Cr. As per ET Now, Tencent will likely sell the shares at INR 1,660.2 apiece, a discount of more than 4% compared to the stock’s last close... Read more ›
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Flipkart’s fintech app super.money has launched its maiden product — a co-branded credit card in partnership with Utkarsh Small Finance…Flipkart’s fintech app super.money has launched its maiden product — a co-branded credit card in partnership with Utkarsh Small Finance Bank. Called superCard, the new offering allows users to obtain credit cards for limits as low as INR 90 by initiating deposits between INR 100 all the way to INR 10... Read more ›
0
Fintech unicorn OPEN has launched Bharat Billpay for Business in partnership with National Payments Corporation of India (NPCI) Bharat BillPay…Fintech unicorn OPEN has launched Bharat Billpay for Business in partnership with National Payments Corporation of India (NPCI) Bharat BillPay Limited (NBBL). In a statement, the startup said that OPEN is among the first few Indian fintechs to offer Bharat Billpay for Business with the launch. The development came hours after... Read more ›
0
Hospitality major OYO is looking to triple its profit after tax (PAT) to INR 700 Cr in the financial year…Hospitality major OYO is looking to triple its profit after tax (PAT) to INR 700 Cr in the financial year 2024-25 (FY25), its founder and CEO Ritesh Agarwal said. According to a report by PTI, Agarwal disclosed this to OYO employees during a town hall meeting on Wednesday (August 28). He... Read more ›
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The Reserve Bank of India (RBI) has approved the application of the Fintech Association for Consumer Empowerment (FACE) for being…The Reserve Bank of India (RBI) has approved the application of the Fintech Association for Consumer Empowerment (FACE) for being recognised as a self-regulatory organisation (SRO) for the country’s burgeoning fintech sector. Speaking at the Global Fintech Fest (GFF) on Wednesday (August 28), RBI governor Shaktikanta Das said that the central... Read more ›
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Listed FMCG company GRM Overseas has acquired a 44% stake in Delhi-based food and beverage D2C brand Rage Coffee in…Listed FMCG company GRM Overseas has acquired a 44% stake in Delhi-based food and beverage D2C brand Rage Coffee in a mix of primary capital infusion and secondary purchase of shares. However, the company did not disclose the financial terms of the deal. In an exchange filing today (August 28), GRM... Read more ›
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Jaipur-based CarDekho Group, the parent company of automobile marketplace CarDekho and insurance aggregator InsuranceDekho, has partnered with SaaS platform BiUP…Jaipur-based CarDekho Group, the parent company of automobile marketplace CarDekho and insurance aggregator InsuranceDekho, has partnered with SaaS platform BiUP Technologies through its investment arm Girnar Vision Fund (GVF) to drive AI-powered mobility solutions. As part of the strategic partnership, GVF has made an investment commitment with Bi Read more ›
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Fintech major PhonePe’s founder and CEO Sameer Nigam has said that the National Payment Corporation of India’s (NPCI) plan to…Fintech major PhonePe’s founder and CEO Sameer Nigam has said that the National Payment Corporation of India’s (NPCI) plan to cap the UPI market share of third-party app providers (TPAPs) is preventing the startup from going ahead with its initial public offering (IPO). Speaking at the Global Fintech Fest (GFF) on... Read more ›
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After months of speculation, Paytm said that it has received approval from the Centre, the finance ministry, and the department…After months of speculation, Paytm said that it has received approval from the Centre, the finance ministry, and the department of financial services to invest in its payments arm, Paytm Payment Services Limited (PPSL). The company is now looking to apply for a payment aggregator (PA) licence from the Reserve Bank... Read more ›
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Business Insider
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CNET
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5% 2 |
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27.11.2024 20:24
Last update: 20:05 EDT.
News rating updated: 03:11.
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