Fintech

Chennai based Fintech Paysharp has received final authorisation from the Reserve Bank Of India (RBI) to act as a payment aggregator (PA)

Paysharp is an existing PA, which received RBI final authorisation on 30th August 2024 Friday followed by the in-principal PA license on December 2022. Paysharp is a 5 years old startup, raised two rounds of funding sum of 23 crores, last funding round was on March 2023 with the valuation of 200 crores. Paysharp holds …

Chennai based Fintech Paysharp has received final authorisation from the Reserve Bank Of India (RBI) to act as a payment aggregator (PA) Read More »

My Mudra, “India’s First IPO”, in DSA & Fintech (Loan Aggregation)

New Delhi [India], A ground-breaking development is set to make waves in the Indian financial scene on 5th September, as My Mudra prepares to launch its initial Public Offering (IPO), marking a significant milestone in the fintech sector, This is not your typical initial public offering (IPO); rather, it’s the first in India for both …

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PayU eyes full-stack consumer payments through its LazyPay

Digital payments company PayU is looking to expand its consumer fintech offerings through LazyPay, while maintaining its core focus on merchant payments. The Naspers-owned fintech firm plans to leverage LazyPay to develop a consumer payments and credit platform. CEO Anirban Mukherjee said PayU is anticipating regulations on allowing nonbank lenders on Unified Payments Interface (UPI) …

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UPI transactions witnesses 3% rise clocking record high of 14.96 bln transactions in Aug’24

Unified Payments Interface (UPI) which had crossed the 11 billion mark in October with 11.41 billion transactions, 12 billion mark in December with 12.02 billion transactions, 13 billion mark in March 2024 recording 13.44 billion transactions and 14 billion mark in May with 14.04 billion transactions, has witnessed a modest increase in August, clocking a …

UPI transactions witnesses 3% rise clocking record high of 14.96 bln transactions in Aug’24 Read More »