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Comviva has appointed Raja Mansukhani as its Chief Strategy, Technology, and Transformation Officer. Mansukhani will lead Comviva’s strategic initiatives and drive the company’s Comviva 2.0 vision. He brings extensive leadership experience in IT, telecommunications, fintech, and digital platforms. Comviva aims to enhance its capabilities in digital commerce, data monetization, and customer experience solutions as part …

Comviva appoints Raja Mansukhani to accelerate growth and transformation Read More »

Aggarwal’s appointment boosts growth strategies, leveraging his expertise in digital marketing and product innovation.

India is strengthening its fintech regulations. The government is working on recommendations from the Financial Action Task Force. These aim to curb money laundering and terror financing. The Reserve Bank of India has issued guidelines for payment systems. Virtual asset providers must now register with the financial intelligence unit. Officials want regulations to support industry …

India has taken robust measures to regulate fintech industry: Finance ministry official Read More »

“The excellent conversations and discussions show the potential for growth and innovation that occurs when SFBs and Payments Banks come together,” said Rajeeth Pillai, Chief Relationship Management, NPCI

The government approved the PAN 2.0 project. The project will create a central database for PAN cards. It will merge data from current providers. This will simplify things for fintech companies. The project will also reduce costs. New PAN cards will have updated features. Existing PAN cards will remain valid. The project aims to improve …

PAN 2.0 project to reduce costs for fintech companies: experts Read More »

Paytm shares surged over 4% to reach a 52-week high of Rs 939 on Monday after announcing the launch of an automatic top-up feature for its UPI LITE service. This feature enables PIN-less transactions for payments under Rs 500. Currently available to select Yes Bank and Axis Bank users, it automatically recharges the UPI LITE …

Paytm shares hit 52-week high as fintech rolls out UPI Lite auto top-up for small payments Read More »

Fintech company Lendingkart has reported almost 6 per cent drop in profit after tax (PAT) at Rs 174.92 crore in FY24 from Rs 185.93 crore in FY23.

The round will see the Pune-based fintech get valued at around $1.1 billion, slightly lower than its 2022 valuation of $1.4 billion. Till date, One Card has raised $234 million from multiple large investors with Z47, Peak XV Partners and QED Investors having significant shareholding in the company.

The internationalisation of the unified payments interface (UPI) is progressing rapidly, as India emerges as a world leader in leveraging digital technologies for transformative change, according to a Reserve Bank of India (RBI) report.

The system eliminates manual processes and reduces errors. Bharat Connect for Business improves efficiency, cash flow, and security for businesses of all sizes.