The Reserve Bank of India (RBI) order on discontinuing inactive credit cards continued to negatively impact the industry size, with top-tier lenders such as HDFC […]
Category: Fintech
PayU reports over 50% jump in revenue, clocks net profit of Rs 126 crore
PayU Payments, the Indian subsidiary of Dutch technology investment firm Prosus, has reported an over 50% jump in consolidated revenue, to Rs 2,130.2 crore for […]
Infibeam Avenues receives RBI in-principle nod for payment aggregator licence
Infibeam Avenues, the operator of CCAvenue, has received an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator. “Under this provision, […]
‘Potentially transformational’: Commonwealth Secy Gen welcomes India’s UPI sharing offer
Commonwealth Secretary General Patricia Scotland has welcomed India’s offer to share its path-breaking Unified Payments Interface (UPI) technology with other members of the Commonwealth of […]
Crypto exchange FTX to acquire bankrupt Voyager’s assets
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August UPI transactions: PhonePe continues to dominate, GPay and Paytm follow
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Razorpay enters the loyalty & rewards management space with the PoshVine acquisition
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‘India has already crossed the ambitious 10-trillion mark in digital economy’: Exec Dir, RBI
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FinTechs backing in full force, e-commerce eyes $12 bln in revenue this season
All major e-commerce players, such as Amazon, Flipkart, Myntra, Meesho, Snapdeal, etc, have kicked off with their annual festive sales, and fintech companies with the […]