Category Added in a WPeMatico Campaign
British online bank Revolut said Thursday it more than doubled net profit last year to £790 million ($1.1 billion) as customer numbers surged particularly in France, its new second-biggest market. “I think by end of next year we should reach 10 million customers in France, because right now we are getting 200,000 customers per month,” …
The move comes as rival Flipkart’s fintech app, Super.money, is actively seeking fresh funding. On January 13, ET reported that Flipkart is in advanced talks to lead a $35-40 million funding round for Super.money, which could potentially include external investors for the first time.
UPI Circle allows a primary user, the UPI account holder, to authorise up to five secondary users to initiate UPI payments from their account. Each transaction initiated by the secondary user requires explicit approval from the primary user via their UPI PIN on the new BHIM app.
Tally Solutions, on Tuesday, announced the launch of TallyPrime 6.0, offering Connected Banking and integrated financial tools for SMEs, with live bank integrations including Axis Bank and Kotak Mahindra Bank.
Kunal Shah stressed that fintech founders are essentially in the business of trust, irrespective of the category. “If you’re building in fintech, you’re building trust. That’s the foundation for anything to work efficiently.”
Razorpay, also based in Bengaluru, confirmed its transition to a public structure, relating to its efforts to re-domicile from the United States to India. According to a company spokesperson, the move begins the process of public company compliance well in advance of its anticipated IPO in about two years, ensuring timely adoption of governance protocols. …
‘Public Ltd’ tag: PhonePe, Razorpay closer to IPOs Read More »
The partnership allows MobiKwik users across India to access personal loans from INR 50,000 to INR 15,00,000 via ZIP EMI, with flexible repayment terms of 6 to 36 months for needs like education, medical, travel, and other expenses.
Two options under consideration include encouraging banks to voluntarily impose caps on API calls or authorising NPCI to block entities that overuse the infrastructure.
The National Payments Corporation of India (NPCI) is preparing a major overhaul of the Unified Payment Interface (UPI) online checkout experience, sparking concerns among smaller payment apps. Three people in the know told us that NPCI plans to let consumers store their UPI IDs at merchant checkpoints, similar to how debit and credit cards are …
NPCI planning to let users save UPI IDs at merchant checkouts Read More »
Angel One has announced its financial results for the fourth quarter (Q4) of FY25, reporting a sharp 49 per cent fall in net profit to Rs 174.5 crore, down from Rs 399.9 crore in the same quarter last year.
