India is in discussions with other jurisdictions to address the high cost of cross-border remittances, according to Reserve Bank Deputy Governor T Rabi Sankar. He described the current situation as “unconscionable” given the availability of cheap data connectivity. Sankar suggested that the introduction of a central bank digital currency (CBDC) could lower the cost of …
PhonePe, the Walmart-owned fintech, has captured nearly 50% of the market share in UPI transactions in terms of value. It now accounts for 47.2% of UPI transactions in terms of volume. With banks not making money on UPI transactions, third-party apps like PhonePe, Google Pay, and Paytm dominate the space, accounting for nearly 95.7% of …
BharatPe’s strategy of focusing on lending appears to be paying off, with the company achieving threefold revenue growth while significantly reducing losses.
Aye said Gupta has served as the MD and CEO of PNB Housing Finance, while Bhal is the Modi Chair Professor at the Department of Management Studies at IIT Delhi.
According to at least two people in the know, Cred’s move towards vehicle management is also aimed at providing a strong car insurance distribution platform for its financial partners, as the fintech looks to open newer revenue streams.
Moondhra joined PayU as its global CFO in September 2015.
While major Indian festivities are lined up in the coming months, e-commerce platforms, payment and BNPL FinTechs are geared up for the festive season with new offers and rewards. A recent survey highlighted that consumers in tier 1 & 2 cities prefer to shop online this festive period while majority are willing to increase their …
Premanshu Singh has also had previous stints at Paytm Insurance and Fampay, a fintech platform targeted at teenagers, where he held a leadership role. He will among the most senior hires at the yet-to-be-named venture which is backed by Flipkart.
Chase has become the latest lender in the UK to restrict customers’ access to crypto amid long-running concerns over its use in online scams run by criminals
Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network’s cloud service provider was “attacked by hackers, resulting in the loss of some assets” and that “the funds involved are approximately US$200 million”.
