But the question remains with Sebi becoming careful about the sudden spurt in retail participation in this risky trading segment, how long will the party last?

Operating profit — which Paytm defines as core profit before cost of employee stock-owing plans — came in at 1.53 billion rupees for the quarter ended Sept. 30, compared with a loss of 1.66 billion rupees a year earlier.Core profit in the first quarter was 840 million rupees.

Google has collaborated with The Fintech Association for Consumer Empowerment (FACE) and onboarded them as a priority flagger to combat predatory digital lending apps on Play Store in India. The tech giant launched ‘DigiKavach’ at the 9th Edition of Google for India annual event taking place at Pragati Maidan, New Delhi.

The company said it aims to resolve issues around opacity in exchange rates, exorbitant forex margins, and documentation challenges for different sectors, including the study-abroad sector, as well as trade and finance for small and medium enterprises.

As India prepares to embrace the festive season with lucrative offers and deals, Amazon Pay introduces EMI on rupay credit cards to drive affordability and convenience of online shopping for customers in India.

The startup ecosystem has not only witnessed a funding winter over the past year, it also saw many known startup failures and regulatory challenges. A recent report by 1 Lattice (Prev PGA labs) indicated that there has been a significant slowdown in the volume and value of funds raised by Indian startups. Here’s what it …

Indian startups raised $3.1 bln across 243 deals in Q3 CY23, signals a slowdown: Report Read More »

India is the most interesting place after Silicon Valley and it is an exciting time for India’s startup ecosystem, Kumar said.

The company said the growth was primarily driven by market expansion, leadership in the digital payments market, and the launch and scale-up of products and businesses.

The central bank has recently granted in-principle authorisation to a total of 37 existing payment aggregators and 23 new ones.

One major hurdle appears to be a lack of awareness among users as many seem to be confusing CBDC with the Unified Payments Interface (UPI), which has hindered adoption.