Prior to this appointment, Kumar was the founding CEO of Magnati, a prominent payments company in the UAE and a subsidiary of First Abu Dhabi Bank (FAB). At Magnati, he led the transformation of payment infrastructures and drove significant business growth. His earlier roles include Executive Vice President at FAB, where he oversaw digital banking …
Paytm names Ramana Kumar as CEO of Middle East Operations Read More »
Finwizz and Wishfin are merging to form a tech-driven, omni-channel financial distribution platform targeting IPO in 24 months. The combined entity leverages Finwizz’s distribution and Wishfin’s digital strengths, aiming to scale credit aggregation and attract strategic capital.
The RBI authorisation enables Worldline ePayments India to act as a cross-border payment aggregator for exports and imports.
Union Finance Minister Nirmala Sitharaman on Tuesday said India’s fintech companies are helping the country’s digital public infrastructure (DPI) expand further and empower merchants and micro, small and medium enterprises (MSMEs).
The conversation focused on the potential to export India-made payment systems to the world — a domain where Paytm has been a pioneering force with innovations like mobile payments, QR based payments, Soundbox, card machines and UPI-based services.
Billionbrains Garage Ventures, the parent company of stock broking firm Groww, has filed draft papers with Sebi for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise between USD 700 million and USD 1 billion
Facing intense competition and pricing pressures in the core payments business, large payment aggregators in India, such as PayU, Razorpay and PhonePe, are developing and deploying fraud detection software platforms for banks and fintech companies. They are pitching these tools to banks, offering them a higher degree of safety for their customers as well as …
Online payment aggregators focus on anti-fraud tech to up revenues Read More »
Getepay, a digital payment platform, has secured final authorisation from the RBI to operate as a Payment Aggregator online. Aiming to empower SMEs, particularly in Tier 2, Tier 3, and rural areas, Getepay plans to scale its operations and broaden its merchant offerings across India.
A slowdown in unsecured loan disbursals by banks and NBFCs has hit fintech firms like Paytm, MobiKwik, and Paisabazaar. These companies are shifting focus to secured lending and payments. Regulatory nudges and risk aversion have limited fintechs’ role in underwriting, affecting growth and revenue from financial services in FY25.
Mobikwik parent One MobiKwik Systems reported an operating revenue of Rs 265 crore, almost flat against the Rs 268 crore reported in the December quarter. MobiKwik’s business was impacted by a slowdown in its lending operations, which reduced its contribution margins to 30% from 37% and also slowed disbursals.
