Binny Bansal has left PhonePe’s board. He previously left Flipkart’s board. PhonePe appointed a new director, Manish Sabharwal. PhonePe separated from Flipkart. The company is preparing for an IPO. PhonePe leads India’s digital payments market.
UPI guidelines for UPI 123Pay features: UPI 123Pay is a Suite of solutions developed for Non Smart phone, feature phone users to use the UPI without internet connectivity. There are no charges for transactions under UPI 123PAY.
CredFlow will use the capital to scale up its financial services and lending verticals, and to improve its technology and innovation capabilities, it said.
Bernstein raises Paytm target price to Rs 1,000, maintaining ‘Outperform’ rating. Optimistic outlook with potential 100% upside, but downside risk of 40% in bear case. Shares rise 2%.
Kapany began his career as a senior account director at JWT and then joined ICICI Prudential Life Insurance as vice president – marketing and e-commerce. Then, he joined Paytm as head of marketing.
ESG ratings enable investors to identify and mitigate potential risks linked to environmental, social, and governance factors, thereby reducing the likelihood of adverse impacts on their investments.
Yes Bank has partnered with Vegapay to launch a new platform called ‘Credit Line on UPI’. This platform will allow YES Bank to offer customised credit programs to its customers through UPI. The platform is expected to help bridge the credit gap in India by providing seamless credit solutions to a wider audience.
India is establishing mobile payment connections with several nations, including Sri Lanka, the UAE, and neighboring countries. The Reserve Bank of India (RBI) is also developing a cross-border payment system and researching the effects of central bank digital currencies (CBDCs) on the financial sector.
Prior to joining Paytm Payments Bank, Kumar was associated with UBI Services as Chief People Officer.
Founder of embedded B2B finance platform says they can help founders raise money easily without diluting equity or presenting collateral.
